Creditors Practice Section

This section was created for attorneys who are in the creditors practice field. It provides its members the opportunity to exchange information with other practitioners in this area of practice, provides timely CLE and legislative updates.

Chair
Law Office Hall & Associates
223 Madison Street, Suite 212
Madison, TN 37115
(615)868-4101
Immediate Past Chair
Attorney at Law
1275 Habersham Way
Franklin, TN 37067
(615)403-6556
Staff Coordinator
Tennessee Bar Association
221 4th Avenue N. Suite 400
Nashville, TN 37219
(615)383-7421

Sears Closures Add Millions of Square Feet to Commercial Real Estate Market

Beleaguered retail behemoth Sears is considering liquidation, which would add an estimated millions more square feet of unused commercial space nationwide, Forbes reports. Since it announced bankruptcy last October, Sears has either closed or plans to close 260 of its 700 retail locations. In 2015, Sears Chairman and former CEO Eddie Lampert created the real estate investment trust Seritage Growth Properties, seeking to capitalize on the real estate value of Sears’ holdings; however, there is no indication if this was done in light of bankruptcy considerations. 

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A Review of 2018's Notable Business Bankruptcies

Several large retail businesses declared bankruptcy in 2018. This NBC News article reviews some of the highly publicized cases, including Toys R Us, Sears, Mattress Firm, Nine West and more.  A retail analyst also provides a grim outlook for retailers struggling with debt in 2019.

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