In an Alert published today, Audrey Noll examines the Seventh Circuit’s recent decision in Official Comm. of Unsecured Creditors
Continue Reading Lease Termination Before Bankruptcy May Be ‘Avoidable Transfer,’ 7th Circuit Rules
Summary
In a 25 page opinion published February 7, 2013, Judge Sontchi applied black-letter contract interpretation principles in conjunction with the bankruptcy rules in holding that a landlord was not
Continue Reading Sportsman’s Warehouse Reminds Us of Basic Contract Interpretation Principles
Introduction
When a company files for bankruptcy, often it will reject some or all of its commercial leases. Alternatively, some debtors in bankruptcy choose to assume and assign their leases
Continue Reading Shopping Centers Receive Preferred Treatment Under the Bankruptcy Code
Background on the Bankruptcy Filing
On October 26, 2008, Value City Department Stores filed chapter 11 bankruptcy petitions in the United States Bankruptcy Court for the Southern District of New
Continue Reading A Look At Value City’s Objectives While In Bankruptcy