In re Provo Gateway, LLC (Bankr. D. Utah) Case no. 11-31259

In re Gelt Financial Corporation (Bankr. E.D. Pa.) Case no. 11-15827

In re East Coast Abatement Co. Inc. (Bankr. E.D. Va.) Case no. 11-73560

In re Summer View Sherman Oaks Apartments, LLC (Bankr. C.D. Cal.) Case no. 11-19800

In re MicroBlade, LLC (Bankr. W.D. Wis.) Case no. 11-14981

In re Piedmont Center Investments, LLC (Bankr. E.D. Wis.) Case no. 11-32453

In Green Tree Serv., LLC v. DBSI Landmark Towers LLC,1 a case that is significant for landlords and leasing attorneys, the Eighth Circuit recently held that a subtenant of commercial office space was permitted to vacate its leased premises after the rejection of the master lease and sublease by the debtor-sublandlord, notwithstanding an attornment provision in the sublease requiring the subtenant to attorn2 to the landlord when the landlord either terminates the master lease or otherwise succeeds to the interest of the sublandlord under the master lease.

We write to provide an important update concerning Executive Life Insurance Company of New York (“ELNY”).

Recently secured parties, including some indenture trustees, have found the priority, scope, validity and enforceability of seemingly properly perfected security interests in Federal Communications Commission (“FCC”) licenses, authorizations and permits, and any proceeds or value derived therefrom, challenged by creditors in bankruptcy proceedings.

Imagine a scenario in which you have a long standing relationship with an important customer and you learn that this customer is running into financial difficulties. In the current economic cycle, this is probably not a hypothetical, but, rather, an everyday reality. During the course of the relationship, this important customer has from time to time fallen behind in paying invoices and has even reached or exceeded the credit limits your company has imposed on this customer.