Forever 21 Creditors Face Large Losses Under Bankruptcy Plan The fashion industry has been rocked by the news of Forever 21’s bankruptcy filing, leaving creditors in a state of uncertainty and potential financial loss. The fast-fashion giant, once a staple in malls across the country, has proposed a plan that offers meager recoveries on debts […]
Forever 21 Proposes to Give Major Lenders Maximum 3% Recovery
Forever 21 Proposes to Give Major Lenders Maximum 3% Recovery Forever 21, the well-known fast-fashion retailer, has been making headlines recently with its bankruptcy proceedings. In a recent court filing on Friday, the company’s bankrupt US arm revealed a bold proposal that has left many major lenders scratching their heads. The proposal suggests that lenders […]