A letter of credit may only be able to compensate landlords up to the amount of capped damages under the Bankruptcy Code, according to a Delaware Bankruptcy Court. Although letters of credit are ...

When a commercial tenant files for bankruptcy, it can present a complex array of challenges for a landlord. This article will provide insight into the implications of a tenant’s bankruptcy for a ...

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We frequently see cases involving bankrupt tenants and their rights to terminate leases. It is less common to see cases that involve the effect of a landlord's bankruptcy on tenants' rights. We ...