Bankruptcy Reorganization And Commercial Leases
Chapter 11 bankruptcy allows many businesses a chance to reorganize and attempt a comeback in tough times. However, we also see the remnants of those who do not make it, such as the dormant Circuit City stores still haunting many US shopping centers. Many business owners have been forced to face the realities of how commercial leases can affect their ability to reorganize. Four years ago, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA)....