Posts tagged Chapter 11
Illinois Bankruptcy Court Rules Force Majeure Clause Partially Excuses Rent Payments

As restaurants saw their revenues plummet and the usual monthly bills, like rent, continued to roll in, they began to panic. Hitz Restaurant Group (Hitz), a multi-concept restaurant operator based in Chicago, was one of them. The restaurant group leased space from Kass Management Services, Inc. (KSM) and on February 24, 2020, filed for Chapter 11 bankruptcy protection from its creditors, KSM, citing the loss of sales from the COVID-19 pandemic as to why they were unable to pay rent.

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