Last year 27 large U.S. retailers filed for bankruptcy and this year is on track to be even worse. While we know that brick and mortar stores struggle to compete with online retailers like Amazon, there might just be another reason that so many companies are having to liquidate with Chapter 7.
When a major retailer falters in bankruptcy, what does that mean for the brands it once used to carry? It seems that sportswear line Under Armour is about to find out.
If you are considering bankruptcy and are looking into the process, chances are there are a number of terms that you don’t know.