Early Action is Crucial to Maximizing Retail Brand Value in Bankruptcy
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Early Action is Crucial to Maximizing Retail Brand Value in Bankruptcy
By Richelle Kalnit, Senior Vice President & Ben Kaplan, Associate, Hilco Streambank
The 2005 amendments to the U.S. Bankruptcy Code foreclosed the ability of retailers to defer store lease assumption or rejection decisions until the end of a bankruptcy case. Following the 2005 amendments, retailers followed a predictable path leading up to bankruptcy, typified by waiting as...
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Ben Kaplan is an associate of Hilco Streambank, which specializes in the monetization and valuation of intangible assets. He has been with the firm for three years, focusing on the brand intellectual property (IP) disposition services business. Kaplan is part of the team that led the processes to sell the brand IP assets of The Sports Authority, A&P, Brinkmann, Marbles the Brain Store, and, most recently, digital publisher LittleThings.
Richelle Kalnit is a senior vice president of Hilco Streambank, which specializes in the monetization and valuation of intangible assets, including trademarks, patents, and domain names. She has more than 12 years of experience in the corporate restructuring and distressed investing industries, including more than a decade practicing bankruptcy and restructuring law. Kalnit has managed the sale, reorganization, and liquidation of several prominent retailers and consumer products companies, and she manages intellectual property disposition engagements for an extensive array of clients.
