Leased Property in Bankruptcy: Residential vs. Non-Residential

Bankruptcy is a fact of life in the United States. When it happens, the treatment of a lease as either residential or non-residential may be crucial to all parties -- landlords, tenants, subtenants and their counselors.

13 minute read May 01, 2018 at 12:07 AM

Janice G. Inman

Leased Property in Bankruptcy: Residential vs. Non-Residential

When a person or business entity files for bankruptcy, many of that petitioning debtor's assets will be protected from immediate seizure or other taking by the Bankruptcy Code's automatic stay provisions.

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