Landlord Liable For Lease Termination Damages

The Seventh Circuit Court of Appeals recently decided that a landlord terminating a lease prior to the bankruptcy of a tenant may be held liable for the receipt of a preferential or fraudulent transfer. This may expose landlords to later having to pay up for taking position of property encumbered by below market leases.

Audrey Noll at Fox Rothschild wrote a compelling article (see link below). article

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