Modell’s Looks to Extend Virus-Related Bankruptcy Pause

Modell’s Sporting Goods Inc. is asking to extend a temporary pause of its bankruptcy and liquidation proceedings at least until the end of May as the coronavirus pandemic continues to prevent going-out-of-business sales.

The company says liquidating its 134 retail locations is the “cornerstone” of its bankruptcy, but it was forced to shut down its stores in response to Covid-19 containment measures just days after it was authorized to conduct going-out-of-business sales.

The retailer was granted an emergency request March 27 to “mothball” its Chapter 11 case until the end of April.

Judge Vincent F. Papalia relied on bankruptcy code ...