The proposed Bankruptcy Code reforms, which have passed the U.S. House of Representatives and are expectedto be debated starting next week in the Senate, contain a little-analyzedprovision that would have serious implications for the way Chapter 11 casesfor large retailers are conducted.

Slipped into the 300-pagebills, known in the House as H.R. 833 and in the Senate as S. 625, aremeasures that would set an absolute deadline for retailers in bankruptcyto assume or reject real estate leases. Critics are calling this a giftto the shopping center lobby, but advocates argue it is a much needed reform.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]