To embed, copy and paste the code into your website or blog:
The coronavirus pandemic has been particularly cruel to brick-and-mortar retail establishments. As rising infection rates force municipalities to roll back reopening plans, retail and hospitality businesses that rely on in-person sales to generate revenue are finding it impossible to manage fixed costs, especially rent. Many have sought shelter in chapter 11, only to discover that even the federal bankruptcy laws cannot always solve their rent problems.
WHAT DOES THE CHAPTER 11 TENANT OWE ITS LANDLORD DURING THE BANKRUPTCY CASE?
The tenant must pay for its use and occupancy of the property during the bankruptcy case. The Bankruptcy Code prioritizes the landlord’s right to compensation as an administrative expense of the bankruptcy estate. This right is forward-looking: rent arrearages that accrued pre-filing are not payable until (and only if) the tenant assumes the lease.
Still Litigating the 2007-08 Financial Crisis: The Claims Keep Coming
lexology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lexology.com Daily Mail and Mail on Sunday newspapers.
Guitar Center Announces Court Approval of Restructuring Plan
dailyamerican.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyamerican.com Daily Mail and Mail on Sunday newspapers.
Amify Adds Three C-Level Executives to Expand End-to-End Services for Brands Selling on Amazon
Amify Adds Three C-Level Executives to Expand End-to-End Services for Brands Selling on Amazon Amify, the first turnkey Amazon-as-a-service provider, announced the expansion of its executive leadership team with the additions of three new C-level hires. Gene Sohn joins as Chief Technology Officer, Igor Lima as Chief Financial Officer, and Chris Mehrabi as Chief Product Officer. Sohn co-founded and held executive-level positions at multiple companies during his 28 year career. His experience spans cloud software, business intelligence, product management and technical architecture for startup and enterprise teams. Sohn was a co-founder and CTO of Intellinote, a company that created a collaborative productivity platform for businesses, which was acquired by BroadSoft, which was itself acquired by Cisco. As VP of product development at Clarabridge, Sohn built and delivered the platform s