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    Ascendia Brands files over 200 preference actions in Delaware bankruptcy proceeding
    2010-08-12

    Introduction

    Filed under:
    USA, Delaware, Insolvency & Restructuring, Litigation, Fox Rothschild LLP, Bankruptcy, Brand, Walmart, Walgreens, United States bankruptcy court, US District Court for District of Delaware
    Authors:
    L. Jason Cornell
    Location:
    USA
    Firm:
    Fox Rothschild LLP
    Parties other than landlords have standing to prevent assignment of a tenant's lease in bankruptcy
    2007-07-02

    When a retail business becomes a debtor in bankruptcy, it often decides to trim its operations by closing some of its retail stores. This strategy inevitably leaves the debtor with unnecessary leases. Instead of simply rejecting the leases, retail debtors often assume the agreements and assign them to other entities. The assumption and assignment of the unnecessary leases may allow a debtor to avoid potentially significant rejection damage claims from landlords.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Real Estate, Jones Day, Bankruptcy, Retail, Debtor, Landlord, Leasehold estate, Covenant (law), Standing (law), Legal burden of proof, Default (finance), Investment company, Walgreens, United States bankruptcy court
    Location:
    USA
    Firm:
    Jones Day
    Parties other than landlords have standing to prevent assignment of a tenant's lease in bankruptcy
    2007-07-02

    When a retail business becomes a debtor in bankruptcy, it often decides to trim its operations by closing some of its retail stores. This strategy inevitably leaves the debtor with unnecessary leases. Instead of simply rejecting the leases, retail debtors often assume the agreements and assign them to other entities. The assumption and assignment of the unnecessary leases may allow a debtor to avoid potentially significant rejection damage claims from landlords.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Real Estate, Jones Day, Bankruptcy, Retail, Debtor, Landlord, Leasehold estate, Covenant (law), Standing (law), Legal burden of proof, Default (finance), Investment company, Walgreens, United States bankruptcy court
    Location:
    USA
    Firm:
    Jones Day
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