fallback-image

Assumption Or Rejection of a Lease in Bankruptcy

Assumption or Rejection in Bankruptcy

In Bankruptcy, the question of whether a lease can be assumed or rejected depends on whether the debtor intends to assign it. The Bankruptcy Code allows the debtor to assign a lease, provided that he has cured all arrears and is able to provide adequate assurance of future performance. Find out: scura.com

You Can Retake Possession Of Your Property

A lease that has not been assumed in time will be deemed rejected under the Bankruptcy Code, and that will mean that the lease will end. This can happen either through affirmative action on the part of the debtor or because the assumption window has passed. Either way, rejection is effective as of the date of bankruptcy, and the landlord may retake possession of the property. In this situation, the landlord may seek breach damages, which will run back from the date of the bankruptcy filing.

bbbgrapevine

Related Posts

fallback-image

Leather Care Specialists

fallback-image

Body Rafting in Alcantara, Sicily

fallback-image

EV Charger Installers

fallback-image

How to Find the Best D9 Gummies Here

No Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

FREE NEWSLETTER

Subscribe to our newsletter today and be the first to know when we publish a new blog post.

December 2022
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031  

Team: