Century 21 Stores, an off-price retailer with 13 stores across New York, New Jersey, Pennsylvania, and Florida filed for Chapter 11 bankruptcy protection

Century 21 Stores, an off-price retailer with 13 stores across New York, New Jersey, Pennsylvania, and Florida filed for Chapter 11 bankruptcy protection on September 10, 2020 in New York citing the nonpayment of the company’s insurance providers of approximately $175 million purportedly due under policies put in place to protect against losses stemming from business interruption such as that experienced as a direct result of the COVID-19 pandemic as the reason for the company’s filing and anticipated liquidation.