Morrison Cohen Represents Furla (U.S.A.) Inc. in Reorganization of its U.S. Business Under Subchapter V of the Bankruptcy Code
On November 6, 2020, Furla (U.S.A.) Inc. filed a petition to reorganize its business under Chapter 11 of the Bankruptcy Code, joining many other well-known brands and retailers that have chosen to restructure as a result of the ongoing COVID-19 pandemic.
The company’s filing utilizes the new Subchapter V section of the Bankruptcy Code that was enacted in February of this year and enhanced in March to provide a greater utility to companies affected by COVID-19. Subchapter V creates a streamlined and expedited bankruptcy process that will enable the company to quickly restructure and emerge from bankruptcy well positioned to take advantage of a return to “normal” upon the full reopening of markets post-pandemic.
Furla (U.S.A.) Inc. is represented by Joseph T. Moldovan, Michael S. Barry, and David J. Kozlowski of the law firm, Morrison Cohen LLP.
See the full statement below.
Contacts
- Joseph T. Moldovan Partner & Chair, Bankruptcy, Restructuring & Governance
- jmoldovan@morrisoncohen.com
Related Practices
Our Bankruptcy, Restructuring & Governance Practice employs a multidisciplinary approach to distressed situations with a focus on proactive, creative, commercial and value-added effective solutions and strategies.
Clients rely on our corporate lawyers' business judgment, legal advice, market knowledge and analytical skills to identify legal and business issues and solve problems.
Related Sectors
We understand the challenges and opportunities facing the luxury goods market and work to build and protect our clients’ global brands.
We advise retail and consumer products clients on their full business lifecycle – from establishing new entities to protecting the value and trade secrets of their products to advising on mergers, acquisitions and exit strategies.
