This practice note discusses the risks to the landlord when a tenant files for bankruptcy and the steps a landlord can take to protect itself following a tenant’s bankruptcy filing.
Once a tenant enters a Chapter 11 bankruptcy case and becomes a debtor-in-possession, it has the option of assuming (and perhaps assigning) or rejecting its unexpired lease.
Originally published as a 2020 Lexis Practice Advisor® Practice Note.
Please see full publication below for more information.