The current “Great Recession” has created massive amounts of work (and billable hours) for bankruptcy attorneys. Retailer bankruptcies and store closings (Circuit City, Linens n' Things, et. al.) have resulted in historically high vacancy rates at strip centers and malls, and the worst may be yet to come.
In the Spotlight: The Impact of Landlord Bankruptcies on Commercial Tenants
Landlords entering bankruptcy protection have the opportunity to reject (and elect to terminate) leases on their properties per the range of debtor rights under the U.S. Bankruptcy Code. Here are some questions tenants may have to deal with.
By
Lars AndersenThis premium content is locked for LawJournalNewsletters subscribers only
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