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Treatment of Franchisee Leases Under 365(d)

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) substantially revised 11 U.S.C. 365 to significantly limit a debtor's time to assume or reject nonresidential real estate leases. Prior to BAPCPA,...more

Deadline for Creditors of Perkins & Marie Callender's Restaurant Companies to File Proofs of Claim Set

Judge Kevin Gross of the Delaware bankruptcy court entered an order last week setting the deadline (or bar date) for creditors of the Perkins & Marie Callender's restaurant companies (full list of corporate entity names...more

Sbarro Reports $6.3 Million Net Loss for May

On Friday, Sbarro, Inc. and its affiliates filed their consolidated monthly operating report for May 2-29, 2011 with the bankruptcy court. The companies filed pre-arranged chapter 11 cases in the Southern District of New York...more

U.S. Trustee Asks Court to Convert or Dismiss the Bankruptcy Cases of Duke & King Acquisition Corp. & Affiliates (Operators of...

The United States Trustee for Region 12 filed a motion on Tuesday in which it asked the Minnesota bankruptcy court to either dismiss or convert to chapter 7 the bankruptcy cases of Duke and King Acquisition Corp. and four...more