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Commercial Leases › Receivership

Ervin Cohen & Jessup LLP

Are IRS Claims Junior to Receivership Administrative Expenses?

Ervin Cohen & Jessup LLP on

Q: I was appointed receiver over a manufacturing facility. I operated it for a short time and then obtained court authority to sell it. I netted $1.4 million from the sale. The landlord agreed I could pay it the rent I owed...more

Bowditch & Dewey

Silicon Valley Bank Closure Impact on Lease Security

Bowditch & Dewey on

The impact of the California Department of Financial Protection and Innovation taking possession of Silicon Valley Bank (SVB) and appointing the Federal Deposit Insurance Corporation as receiver for SVB is receiving thorough...more

Ervin Cohen & Jessup LLP

Can a Receiver Reject a Lease like a Bankruptcy Trustee?

Ervin Cohen & Jessup LLP on

QUESTION: I am a receiver for an operating entity. It has three offices. The rent for one of the offices is excessive and the business does not need all the space. I have approached the landlord about giving back some of the...more

Ervin Cohen & Jessup LLP

Is there a Statute of Limitations on the Term of a Lease a Receiver can Execute?

Ervin Cohen & Jessup LLP on

QUESTION: I am a receiver for a shopping center. I want to enter into a five year lease for one of the stores. Is there a statute or rule that limits the term of leases a receiver can execute?...more

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