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Last year, Congress agreed that § 365(d)(4) of the Bankruptcy Code should be revised to bar a debtor from extending its time to assume or reject a non-residential real property lease after the commencement of a debtor's voluntary case without a landlord's consent. Although such a restriction would severely undermine Chapter 11 cases in which a debtor has numerous lease locations, the system appears to have sufficient flexibility to adjust.
January 09, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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