I Lease Real Estate To Bon Ton — Now What?

Bon Ton Inc., which operates department stores around the country under the Boston Store, Carson’s, Bon Ton, Bergner’s, Elder-Beerman and Herberger’s flags, has been a retail mainstay in Wisconsin and the Midwest.  On February 4, 2018, Bon Ton filed a Chapter 11 bankruptcy in a failed attempt to locate a going concern buyer.  In early April 2018, its assets were purchased in a bankruptcy auction by a consortium of liquidators, which almost immediately commenced going out of business sales which are expected to be completed by August 31.  Bon Ton’s creditors are trying to determine what their rights will be and, more importantly, what they may recover from the bankruptcy process...   ...more

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