Restaurant and Hospitality Reorganizations in Chapter 11: Overview | Practical Law

Restaurant and Hospitality Reorganizations in Chapter 11: Overview | Practical Law

A Practice Note providing an overview of unique issues in restaurant and hospitality Chapter 11 bankruptcy cases, including the strategies, planning, and challenges that debtors, trade creditors, food suppliers, employees, and landlords should consider. This Note addresses key motions, issues, and statutory provisions affecting a restaurant debtor, including lease assumptions and rejections, force majeure clauses, the Perishable Agricultural Commodities Act of 1930 (PACA), the Packers and Stockyard Act (PASA), section 503(b)(9) claims and critical vendor claims, special employment law considerations including under the Worker Adjustment and Retraining Notification (WARN) Act, exit strategies including section 363 sales and structured dismissals, and trade creditor considerations.

Restaurant and Hospitality Reorganizations in Chapter 11: Overview

Practical Law Practice Note Overview w-031-0702 (Approx. 34 pages)

Restaurant and Hospitality Reorganizations in Chapter 11: Overview

by Practical Law Bankruptcy & Restructuring
MaintainedUSA (National/Federal)
A Practice Note providing an overview of unique issues in restaurant and hospitality Chapter 11 bankruptcy cases, including the strategies, planning, and challenges that debtors, trade creditors, food suppliers, employees, and landlords should consider. This Note addresses key motions, issues, and statutory provisions affecting a restaurant debtor, including lease assumptions and rejections, force majeure clauses, the Perishable Agricultural Commodities Act of 1930 (PACA), the Packers and Stockyard Act (PASA), section 503(b)(9) claims and critical vendor claims, special employment law considerations including under the Worker Adjustment and Retraining Notification (WARN) Act, exit strategies including section 363 sales and structured dismissals, and trade creditor considerations.