NJ bankruptcy court sees 2023 uptick in mega corporate restructurings

Amid a doubling of corporate filings in the U.S. Bankruptcy Court for the District of New Jersey over the past year, retail-related cases – like Bed Bath & Beyond and David’s Bridal – dominated the docket, according to a newly released report.

Of the large bankruptcy cases, 53% were assigned to just two judges: Chief Judge Michael Kaplan and Judge John Sherwood.

Hackensack-based firm Cole Schotz PC led the pack as the busiest debtor counsel, with 11 debtor-side representations.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

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