This issue of the Bankruptcy Update focuses on second bankruptcy filings, and particularly on recent bankruptcies of Gymboree and Payless. Both companies emerged from Chapter 11 protection in the last two years and now find themselves back in bankruptcy court. Unsurprisingly, both Gymboree and Payless have switched their reorganization strategies to focus on sales of significant portions of their assets.

Gymboree Group

On Jan. 17, 2019, children’s clothing retailer Gymboree Group Inc. and affiliated debtors filed petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Eastern District of Virginia. Gymboree Group Inc. (Bankr. E.D. Va. Case No. 19-30258).