As retailers pursue swift restructuring plans to start anew, they face the safety risks of doing so during a public health crisis.
The bankrupt retailer’s landlords objected to the notion of deferring rent payments for 60 days, citing reopenings in a number of states.
The retailer’s advisers said at a remote bankruptcy hearing Saturday that the retailer was here to stay and needed to quickly restructure.
The COVID-19 era’s retail bankruptcies will highlight the power struggles between debtor-in-possession financing lenders and trade vendors.
Debate is building on what is the best scenario for the Neiman Marcus Group to survive.