Cleveland

Rejection of Leases

Bankruptcy Code 365 provides that subject to court approval, the debtor may assume or reject any executory contract or unexpired lease. This gives the debtor the power to pick and choose amongst their executory contracts and leases. In the retail context, this allows the debtor to shed the leases for its underperforming locations, while keeping the leases for its profitable locations. When used properly, rejection of leases can slim down a retailer to a core of profitable locations and increase its prospects post-bankruptcy. However, not all retailers take full advantage of their power to reject leases.

Ronald Page, Jr. of Ronald Page, PLC has extensive experience representing lenders, landlords, vendors, and other creditors in retail bankruptcy cases. His offices are located outside of Richmond, Virginia and he is able to advise you regarding the Movie Gallery Bankruptcy.

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Tomorrow voters will decide who is their new mayor.  Eric Brewer, the incumbent, is running against Gary Norton, Jr.  Brewer made headlines earlier this year when photos surfaced showing him wearing some rather lacy lingerie.  We are about to learn if that had any impact on voter’s perception of him.

East Cleveland is in trouble and hopefully voters will stay focused on what is important.

The issues.

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If you are a landlord affected by the recent filing of S & K Famous Brands regarding S&K Famous Brands Rejection of Leases check out that link as I believe it will provide you with the necessary information to take appropriate action.

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If anyone is looking for a good Joomla designer I have found a good source of Free Joomla Templates locally who does some great work.  So if you are looking for some good Free Joomla Templates check them out.

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