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Jan. 3, 2003
Debtor May Assign Executory Contracts or Unexpired Leases
Focus Column Bankruptcy Law By Leslie A. Cohen and Craig G. Margulies The assignability of a contract or lease is a critical factor in a bankrupt debtor's ability to reorganize. The U.S. Bankruptcy Code allows debtors-in-possession or trustees to assign (or reject) executory contracts or unexpired leases, notwithstanding prohibitions in contracts or applicable nonbankruptcy law. 11 U.S.C. Section 365(f)(1).
Focus Column
Bankruptcy Law
By Leslie A. Cohen and Craig G. Margulies
The assignability of a contract or lease is a critical factor in a bankrupt debtor's ability to reorganize. The U.S. Bankruptcy Code allows debtors-in-possession or trustees to assign (or reject) executory contracts or unexpired leases, notwithstanding prohibitions in contracts or applica...
Bankruptcy Law
By Leslie A. Cohen and Craig G. Margulies
The assignability of a contract or lease is a critical factor in a bankrupt debtor's ability to reorganize. The U.S. Bankruptcy Code allows debtors-in-possession or trustees to assign (or reject) executory contracts or unexpired leases, notwithstanding prohibitions in contracts or applica...
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