New York bankruptcy court breaks with precedent and endorses time approach for calculating lease termination damages over rent amount approach, resulting in smaller claims for landlords.
Time approach limits, and often...more
“Can an unsecured creditor be better off when the debtor defaults rather than paying off the debt? Yes: Law can be stranger than fiction in the Preference Zone.”—Ninth Circuit
Untimely payment by tenants and other obligors...more
8/20/2020
/ Appeals ,
Bankruptcy Appellate Panel (BAP) ,
Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Chapter 7 ,
Commercial Tenants ,
Debtors ,
Default ,
Landlords ,
Late Payments ,
Letter of Credit ,
Preferential Transfers ,
Reversal ,
Security Deposits ,
Unsecured Debt
Legislation requires rent payment plans, mortgage relief, and foreclosure and eviction moratoriums.
Residential and many commercial landlords may not increase rent and must make rent payment plans available to eligible...more
8/19/2020
/ Commercial Mortgages ,
Coronavirus/COVID-19 ,
Eviction ,
Fannie Mae ,
Foreclosure ,
Freddie Mac ,
Ginnie Mae ,
Landlords ,
Moratorium ,
Mortgages ,
Public Health Emergency ,
Relief Measures ,
Rent Increases ,
Rental Property ,
Tenants
District of Columbia Business Support Grant program to benefit businesses where people gather.
District of Columbia enacts legislation to provide up to $100 million in grants to eligible businesses for up to 15% of revenue...more
8/3/2020
/ Certification Requirements ,
Coronavirus/COVID-19 ,
Entertainment Industry ,
Grants ,
Hotels ,
Landlords ,
New Regulations ,
Public Health Emergency ,
Restaurant Industry ,
Retailers ,
Sports
Illinois Governor’s Executive Order prohibiting sale of food or beverages for on-premises consumption held to partially excuse restaurant tenant’s rent payment obligations.
Bankruptcy Court finds that Executive Order...more