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COVID-19 Impacts on Landlords of Retail Debtors

By Scott K. Charles, Amy R. Wolf, Michael H. Cassel (Wachtell)

Scott K. Charles
Amy R. Wolf
Michael H. Cassel

This memorandum addresses one of the impacts of COVID-19 on retail bankruptcies. Several retailers in chapter 11 have sought to suspend their cases given the inability to operate or conduct going out of business sales during the pandemic. Courts in some cases have granted requests for extraordinary relief, which have included excusing the payment of rent notwithstanding the requirements of the Bankruptcy Code that nonresidential leases of real property be paid on a current basis.

The full article is available here.

Written by:
Editor
Published on:
April 21, 2020

Categories: Bankruptcy Administration and Jurisdiction, Bankruptcy Roundtable UpdatesTags: Amy R. Wolf, Bankruptcy, Bankruptcy Reform, Chapter 11, Executory Contracts, Financial Crisis, Michael H. Cassel, Scott K. Charles, Section 365, Wachtell

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