Trade Vendor Strategies for Dealing with Distressed Retailers

Sponsored By DLA Piper

Topics:

Finance & Risk Management > Supply Chain

Financial Crisis

Professional Services > Legal Services

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Abstract:

Current economic conditions present an extremely difficult environment for retailers. Consumer sales are down. Credit terms have tightened. Bankruptcy filings and liquidations are increasing, often leaving trade vendors with large unsecured claims that may yield pennies on the dollar in a retailer's bankruptcy.

However, trade vendors do have a number of powerful tools at their disposal that, if employed effectively, can reduce their exposure both before and after the retailer files for bankruptcy.

Timothy Brink, partner, and Nicholas M. Miller, associate, are lawyers in DLA Piper's restructuring practice based in Chicago.

DETAILS

Sponsored by: DLA Piper

Released: December 18, 2008

Length: 3 pages

Format: PDF (102 kb)

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