On August 2, 2020, Lord & Taylor, the 194-year-old U.S. department store chain, filed for bankruptcy protection.

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On August 2, 2020, Lord & Taylor, the 194-year-old U.S. department store chain, filed for bankruptcy protection. A week earlier, two other department store chains, JCPenney and Neiman Marcus, did the same. All three argued that bankruptcy was caused by the coronavirus pandemic. What was the benefit to these three retailers of filing for bankruptcy protection?

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Bond Markets Analysis And Strategies

ISBN: 9780253337535

10th Edition

Authors: Frank J. Fabozzi, Francesco A. Fabozzi

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