{"id":4647,"date":"2019-08-26T09:00:35","date_gmt":"2019-08-26T14:00:35","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=4647"},"modified":"2019-08-21T11:35:25","modified_gmt":"2019-08-21T16:35:25","slug":"forever-21-inc-seeks-loan-as-cash-dwindles","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=4647","title":{"rendered":"Forever 21, Inc. Seeks Loan as Cash Dwindles"},"content":{"rendered":"\r\n<p>Forever 21 is rushing to arrange additional financing to pay vendors and landlords as cash drops to a dangerous level. The clothing retailer has hired a team of advisers to assist with restructuring its debt and reviving its business. The retailer is consulting with potential lenders for financing, including a FILO loan. A FILO loan, named after the &#8220;first in, last out&#8221; accounting method for inventory, is senior debt backed by a company&#8217;s inventory and other assets. <\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-image\"><figure class=\"alignleft is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.glassdoor.com\/l\/70\/45\/42\/30\/forever21.jpg\" alt=\"\" width=\"269\" height=\"224\"\/><\/figure><\/div>\r\n\r\n\r\n\r\n<p>If you have a business in trouble and would like to speak to an attorney, call our law office at 816-524-4949 or visit our website at Hoorfarlaw.com <\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Forever 21 is rushing to arrange additional financing to pay vendors and landlords as cash drops to a dangerous level. The clothing retailer has hired a team of advisers to assist with restructuring its debt and reviving its business. The &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=4647\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4647","post","type-post","status-publish","format-standard","hentry","category-general"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4647"}],"version-history":[{"count":1,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4647\/revisions"}],"predecessor-version":[{"id":4648,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4647\/revisions\/4648"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}