10 Considerations for Commercial Landlords When Faced With Tenant Bankruptcies
The coronavirus pandemic has shaken the U.S. economy, and its effects will be felt for years to come. Retail, entertainment and hospitality have been hit particularly hard by government-mandated shutdowns, changing consumer behaviors and shifts in spending. For many, the road ahead will end in, or lead through, bankruptcy.
March 15, 2021 at 09:57 AM
6 minute read
The original version of this story was published on Daily Business Review
L-R Stephanie Lieb of Trenam Law and Alexander Zesch. Courtesy Photos The coronavirus pandemic has shaken the U.S. economy, and its effects will be felt for years to come. Retail, entertainment and hospitality have been hit particularly hard by government-mandated shutdowns, changing consumer behaviors and shifts in spending. For many, the road ahead will end in, or lead through, bankruptcy. Bankruptcy law has a language of its own, making it challenging to navigate the process for everyone involved, including for the landlords of bankrupt businesses worried about missing rent payments.
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