Debtor-in-Possession Lenders’ Strings May Pose Concerns for Creditors
May 13, 2020
Carlton Fields bankruptcy attorney Donald R. Kirk was quoted in a Women’s Wear Daily article about retail bankruptcies during the COVID-19 pandemic. Kirk, who chairs the firm’s Bankruptcy and Creditors’ Rights Practice, discussed a trend of debtor-in-possession lenders seeking more assets than before in retail bankruptcies.
“Almost every asset has greater uncertainty right now,” Kirk told the publication. “With inventory, I think you have to assess how quickly it turns over, and when it’s going to be sold.”
READ: Women’s Wear Daily, “DIP Lenders’ Strings May Pose Concerns for Creditors” (subscription only)
