“Spanish Peaks” and Leases in a Landlord's Bankruptcy – Tenants...

08/25/17


“Spanish Peaks” and Leases in a Landlord's Bankruptcy – Tenants Beware!
JD Supra (press release)
In Spanish Peaks, the Ninth Circuit held that a “free and clear” sale of real property pursuant to section 363(f) of the Bankruptcy Code may “strip off” leases—i.e., may reject and terminate leases—without providing the tenants with the protections ...

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