Firm Partner Aleida Martinez Molina spoke with the Daily Business Review about the recent Chapter 11 filing of fast fashion clothing retailer Forever 21. In the article, Aleida shares her opinion on what the bankruptcy might mean for the future of the once-popular mall staple.
“At the end of the day, the bankruptcy filing gives the debtor a lot more power,” she said, adding landlords should be cognizant of bankruptcy laws and their own bargaining tools. “It’s not like Forever 21 can walk away from the obligation, but it certainly changes the dynamics with the landlords.”
Aleida leads the Firm’s bankruptcy and insolvency practice representing clients in both South Florida and New York. She successfully prosecutes and defends adversary proceedings, provides expertise in the areas of bankruptcy discharge and preferences, and frequently counsels other litigators on the intricacies of bankruptcy and insolvency practice.
To read the full article from the Daily Business Review, click here.