In a significant ruling impacting commercial real estate lenders in Michigan, the 6th Circuit Court of Appeals has ruled that an absolute assignment of rents that had been fully perfected (by demanding payment from tenants to...more
5/17/2017
/ Appeals ,
Assignments ,
Change in Ownership ,
Chapter 11 ,
Collateral ,
Commercial Bankruptcy ,
Commercial Real Estate Market ,
Debtors ,
Default ,
Judicial Foreclosure Process ,
Lenders ,
Public Policy ,
Rent ,
Reorganizations ,
Transfer of Rights ,
Vacated
Vendors — take note! The Delaware bankruptcy court in In re Reichhold Holdings US Inc. recently issued an important ruling for vendors asserting reclamation rights.
Under section 546(c) of the Bankruptcy Code, a vendor...more