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Bankruptcy trustees and chapter 11 debtors in possession who are lessors under real property leases have the right under section 365 of the Bankruptcy Code to reject a tenant's lease.
Summary: Bankruptcy trustees and chapter 11 debtors in possession who are lessors under real property leases have the right under section 365 of the Bankruptcy ...
Debtors in possession sell real estate, businesses, equipment, intellectual property and other assets often at fire-sale prices but with the code's superior protections.