Less of a Waiting Game: The 2005 Bankruptcy Act and Commercial Landlords
Michael Louis Esquire - MacElree Harvey
June 5, 2008
While making bankruptcy more difficult for debtors and their attorneys, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 also created significant changes for commercial landlords dealing with debtor tenants. The amendments, which became effective October 17, 2005, mean additional hardships for debtors, but provide landlords with greater advantages, most notably in regards to how long they must wait for an answer on lease assumptions or terminations.
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