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Expert Analysis

The 3rd Circ. Interpretation Of 'Stub Rent'

Law360 (September 13, 2010, 1:41 PM EDT) -- In re Goody's Family Clothing Inc.[1] adds another piece to the Third Circuit's interpretation of Section 365(d)(3) of the Bankruptcy Code. Section 365(d)(3) applies to leases of nonresidential real property and requires a lessee in bankruptcy to timely perform its post-petition lease obligations until the lease is assumed or rejected....

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