ABI Journal Article Examines How 'Mothball Motions' Let Bankrupt Retailers Suspend Rent Payments Amid COVID-19 Pandemic
August 29, 2020
August 29, 2020
ALEXANDRIA, Virginia, Aug. 29 -- The American Bankruptcy Institute issued the following news release:
Since the start of the COVID-19 pandemic, courts have alleviated some financial burdens of bankrupt retailers by granting "mothball motions," allowing companies to shelve post-petition rental payments, according to an article in the August ABI Journal. "Stay-at-home orders spawned by the pandemic have forced many retailers to close their brick-and-mortar shops, causin . . .
Since the start of the COVID-19 pandemic, courts have alleviated some financial burdens of bankrupt retailers by granting "mothball motions," allowing companies to shelve post-petition rental payments, according to an article in the August ABI Journal. "Stay-at-home orders spawned by the pandemic have forced many retailers to close their brick-and-mortar shops, causin . . .