Ritz Camera Centers Bankruptcy – Supplier Aspects

See the Ritz Camera Docsheet™ Report for subsequent developments in the Ritz Camera bankruptcy proceedings.

In a bankruptcy that may signal the opening of the 2009 floodgates of retail sector filings, Ritz Camera Centers, Inc. filed on February 23 Chapter 11 proceedings in Delaware in Case No. 09-10617.  The focus in this bankruptcy will be on the store leases – how many and which ones are to be rejected, which ones are going to be renegotiated upon threat of rejection, and which ones are going to be assumed for assignment.