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It May Not Be Too Late to Assume That Lease

Given the potentially harsh consequence of failing to timely assume a vital lease, a Chapter 11 debtor must be vigilant to avoid a forfeiture. It is important to know, however, that all might not be lost even if the debtor misses this deadline.

11 minute read August 01, 2022 at 12:07 AM
By
Paul A. Rubin and Hanh V. Huynh
It May Not Be Too Late to Assume That Lease

The Bankruptcy Code provides a Chapter 11 debtor a powerful tool to aid its restructuring efforts. A debtor may assume valuable real estate leases, and reject onerous ones.

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