NEW JERSEY RETAILERS FILING BANKRUPTCY IN 2016

| Dec 23, 2016 | Bankruptcy Law |

A number of large retailers with stores in New Jersey have filed for bankruptcy in 2016.  Bob’s Stores with locations in Freehold, Springfield Twp, and Totowa, New Jersey filed in April 2016.  Golfsmith with locations in Mount Laurel, New Jersey filed in September 2016.  Fairway Markets with locations in Woodland Park, Paramus, and Fort Lee, New Jersey filed in May 2016.  Also, filing were Eastern Mountain Sports with a Moorestown NJ location and Aeropostale with a Cherry Hill NJ location, among others.  Sometimes the filing is to reorganize by filing Chapter 11 and by closing less profitable locations.  Sometimes a Chapter 7 is filed where the stores are liquidated.