The Consolidated Appropriations Act of 2021 (Public Law 116-260) (the Act) contains an important change in bankruptcy law beneficial to landlords of nonresidential properties. Among several amendments to the Bankruptcy Code...more
1/12/2021
/ Bankruptcy Code ,
Clawbacks ,
Commercial Leases ,
Commercial Property Owners ,
Commercial Real Estate Market ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Debtors ,
Debtors-in-Possession ,
Landlords ,
Leases ,
Section 547 ,
Tenants
The right to credit bid is one of the most important protections afforded a secured creditor. Recognized under both state and bankruptcy law, the right to credit bid safeguards against undervaluation at an asset sale, whether...more