BBB Grape Vine

Grape Vine Blogs


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:

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.

Leather Care Specialists

Leather Care Specialists

If you’re looking for a professional company to take care of your leather goods, consider Prestige LeatherCare . These professionals use specialized leather cleaning solutions to keep your leather goods in pristine condition. With a combination of experience, knowledge, and care, the experts at Leather Care Specialists will restore the original luster and beauty of your leather goods, extending their life and value.

Take Care Of Your Leather Goods

Leather furniture can get dirty and contaminated easily. Common soil, sand, and textile dyes can stain your leather furniture. These materials are difficult to remove. A leather cleaning specialist will determine the type of leather and apply special cleaning products. A leather conditioner is also used to help protect the leather from future damage.