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The year in bankruptcy: 2020

Introduction
One year ago, we wrote that the large business bankruptcy landscape in 2019 was generally shaped by economic, market, and leverage factors, with notable exceptions for disastrous wildfires, liabilities arising from the opioid crisis, price-fixing fallout, and corporate restructuring shenanigans.
The year 2020 was a different story altogether. The headline was COVID-19.
The pandemic may not have been responsible for every reversal of corporate fortune in 2020, but it weighed heavily on the scale, particularly for companies in the energy, retail, restaurant, entertainment, health care, travel, and hospitality industries. Mandatory shutdowns beginning in the spring of 2020 wreaked havoc on the bottom lines of thousands of companies confronting a precipitous drop in demand for their products and services. Some were able to weather the worst of the storm with packages of government assistance or by adapting their business models to meet the unique challenges of ....

New York , United States , British Virgin Islands , Platte River , Noord Holland , Christophers Sontchi , Charlesm Oellermann , Karenb Owens , Holdings Inc , Energy Regulatory Commission , Mcdermott International Inc , Platte River Midstream , Tribune Co , Us Court , Consulting Inc , True Religion Apparel Inc , Boston Generating , Fairfield Sentry Limited In Liquidation , Us District Court , Fullbeauty Brands Inc , Sunedison Inc , Aspen Club Spa , Emergent Capital Inc , Dj South Gathering , Mood Media Corp , Jones Day ,

Buchalter COVID-19 Client Alert: Chuck E. Cheese: The Mouse Who Didn't Get the (Rent Relief) Cheese | Buchalter

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In a small victory for landlords of bankrupt tenants, the Bankruptcy Court for the Southern District of Texas has ruled that the Chuck E. Cheese parent company may not use its bankruptcy filing to avoid paying its rent.
The COVID-19 pandemic and related stay-at-home orders have prompted numerous retailers and restaurants to seek bankruptcy protection. Many of those companies successfully used the bankruptcy process to obtain relief from their rental obligations. In the early days of the pandemic, some companies sought to “mothball” the bankruptcy by suspending the proceedings and the obligation to pay certain expenses, such as commercial rent, until the initial stay at home orders expired.[1] ....

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Texas Bankruptcy Ruling May Weaken Rent Abatement Args

Texas Bankruptcy Ruling May Weaken Rent Abatement Args
By
Luke Barefoot, Sean O’Neal and Andrea Jung
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United States , New Jersey , North Carolina , Cleary Gottlieb , Kara Hailey , Andrea Jung , Jane Vanlare , Sean Oneal , Lisa Schweitzer , Us Bankruptcy Court , Court Authority To Alter Lease Obligations , Portfolio Media Inc , Entertainment Inc , Cleary Gottlieb Steen Hamilton , Chucke Cheese , Modell Sporting Goods Inc , Hitz Restaurant Group , Luke Barefoot , Seano Neal , Southern District , Bankruptcy Code , Court Authority , Alter Lease , Eastern District , Sporting Goods , Northern District ,