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Jeffrey B. Steiner and Gerard S. Catalanello, members of Thelen Reid Brown Raysman & Steiner, analyze a recent case where a federal appellate court affirmed a bankruptcy court's denial of a corporate lessor's motion to dismiss the lessee's chapter 11 bankruptcy petition on the ground that it was not filed in good faith. The court held that, regardless of whether a chapter 11 bankruptcy case could be dismissed as a "bad faith" filing, preservation of a leasehold interest is a valid bankruptcy purpose.
January 16, 2008 at 12:00 AM
1 minute read
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