Diane J. Kim, left, and Rudolph DiMassa, right, of Duane Morris. Courtesy photos Section 502(b)(6): A Ceiling, Not a Method for Calculating Actual Damages
In In re East Penn Children's Learning Academy, (Bankr. E.D. Pa. Dec. 3, 2020), the U.S. Bankruptcy Court for the Eastern District of Pennsylvania made clear that Section 502(b)(6) of the Bankruptcy Code provides a statutory limitation—rather than a formula for the calculation—of a landlord's actual damages in the event of its tenant's breach.
February 09, 2022 at 04:28 PM
7 minute read
Bankruptcy
In In re East Penn Children's Learning Academy, (Bankr. E.D. Pa. Dec. 3, 2020), the U.S. Bankruptcy Court for the Eastern District of Pennsylvania made clear that Section 502(b)(6) of the Bankruptcy Code provides a statutory limitation—rather than a formula for the calculation—of a landlord's actual damages in the event of its tenant's breach.
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