May 22, 2024

worldtibetday

Advocacy. Mediation. Success.

COVID Shutdown Orders vs. Statutory Rent Obligations

Even though payment of article-petition rent beneath a nonresidential lease (prior to rejection) has historically been an complete prerequisite, individual bankruptcy courts, as courts of equity, have the capability for the duration of these remarkable moments to acquire a a lot more flexible solution. This clearly is an evolving pattern that should really go on for at the very least the length of the pandemic and maybe past, as individual bankruptcy judges and practitioners request out imaginative and exceptional responses to tough issues.