Tag Archives: leases
Assuming or Rejecting Leases and Executory Contracts in Chapter 11
A company in Chapter 11 needs flexibility to manage its obligations, including leases and executory contracts, in order to control costs, improve cash flow and enhance its prospects of emerging solvent after debt reorganization. As such, the U.S. Bankruptcy Code allows a debtor in possession to assume, reject or assign executory contracts and unexpired leases […]
