When a commercial tenant files for bankruptcy, they have the option to assume or reject unexpired leases. A bankruptcy lease rejection is a significant action, as it communicates the debtor’s intent to hand back the space....more
4/2/2025
/ Bankruptcy Code ,
Bankruptcy Court ,
Best Practices ,
Breach of Contract ,
Commercial Bankruptcy ,
Commercial Leases ,
Commercial Tenants ,
Creditors ,
Damages ,
Landlords ,
Real Estate Transactions
Express, Inc., the fashion mall retailer, filed for Chapter 11 bankruptcy protection in the District of Delaware Bankruptcy Court, docket #24-10831 (KBO) on April 22, 2024.
This is the second retailer bankruptcy...more
The last half of 2021 was virtually a ghost town for filing retail bankruptcies. However, the rise of the Omicron variant has significantly delayed a full return to normal for shopping centers. ...more