The recent Spanish Peaks decision from the Ninth Circuit (covering Alaska, Arizona, California, Hawaii, Idaho, Montana, Nevada, Oregon and Washington) deepens the split in case law on the ability to strip off leases in a landlord/borrower bankruptcy.
USA, Banking, Insolvency & Restructuring, Litigation, Real Estate, Pillsbury Winthrop Shaw Pittman LLP, Ninth Circuit, United States bankruptcy court, Seventh Circuit