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It does. The rent due under the lease is debt, and creditors cannot take action to collect debt while the debtor is in bankruptcy. https://www.law.cornell.edu/
by rgbrenner 4y ago
It does. The rent due under the lease is debt, and creditors cannot take action to collect debt while the debtor is in bankruptcy.
https://www.law.cornell.edu/uscode/text/11/362 https://www.law.cornell.edu/uscode/text/11/362
https://www.law.cornell.edu/uscode/text/11/365 https://www.law.cornell.edu/uscode/text/11/365
Edit: here's an easier to read article: https://www.jdsupra.com/legalnews/what-to-do-when-commercial-leases-end-32005/ https://www.jdsupra.com/legalnews/what-to-do-when-commercial...