Joseph H. Lemkin

1 week ago | natlawreview.com | Thomas S. Onder |Joseph H. Lemkin |Alan L. Friel |Julia Jacobson

Rite Aid Corporation filed a Chapter 11 bankruptcy petition for the second time in two (2) years in the District of New Jersey Bankruptcy Court, docket #25-14731 (MBK) on May 5, 2025. A repeat filing like this is often referred to as a “Chapter 22” – two (2) Chapter 11 filings in a row. The company issued a press release that noted it was pursuing a sale process, which it intends to conduct under section 363 of the U.S. Bankruptcy Code.