Why Rent Is Such a Contentious Issue in Bankruptcy During the Pandemic
By Kathryn McGlynn, Managing Director & Robert Winning, Director, AlixPartners
Rent has presented a complicated puzzle during the pandemic for numerous landlords and tenants, and the solutions—inside and outside of Chapter 11—have been unconventional.
As foot traffic evaporated due to restrictions prompted by health and safety regulations, and revenue fell...
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Kathryn McGlynn is a managing director in the Creditor Services group at AlixPartners. She has more than 19 years of experience as a financial advisor working with debtors, senior lenders, and unsecured creditors in distressed and bankrupt situations in multiple and diverse industries, with a primary focus on advising unsecured creditor committees. She is a member of the TMA Global Board of Trustees and chair of the TMA New York City Board of Directors. She can be reached at kmcglynn@alixpartners.com.
Robert Winning is a director at AlixPartners. He has extensive experience advising companies, secured creditors, unsecured creditors, and assets purchasers in Chapter 11 reorganizations, with an emphasis on representing official committees of unsecured creditors. He has worked across a broad range of industries, and has advised dozens of creditors’ committees, including in the bankruptcy cases of Claire’s Inc., Orchard Brands, RadioShack, Fusion Connect, Chesapeake Energy, and 24 Hour Fitness, among others. He can be reached at rwinning@alixpartners.com.
