When a commercial tenant files for bankruptcy, they have the option to assume or reject unexpired leases. A bankruptcy lease rejection is a significant action, as it communicates the debtor’s intent to hand back the space....more
4/2/2025
/ Bankruptcy Code ,
Bankruptcy Court ,
Best Practices ,
Breach of Contract ,
Commercial Bankruptcy ,
Commercial Leases ,
Commercial Tenants ,
Creditors ,
Damages ,
Landlords ,
Real Estate Transactions
During a retail bankruptcy, commercial landlords often face challenges when their tenants try to maximize the value of the bankrupt estate by holding lease auctions. Despite lease provisions that may restrict or prohibit a...more
2/6/2025
/ Auction ,
Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Commercial Leases ,
Commercial Property Owners ,
Contract Terms ,
Creditors ,
Debtors ,
Landlords ,
Real Estate Transactions
JOANN, Inc., aka Jo-Ann Stores Holdings Inc. aka JOANN aka Jo-Ann Fabrics and Crafts, the 80-year-old, Ohio-based, arts-and-crafts operator filed for Chapter 11 bankruptcy protection in the District of Delaware...more