Goody Goody: Stub Rent As Administrative Expense

Law360, New York (November 11, 2010, 2:52 PM EST) -- Commercial lessors have long enjoyed certain individualized protections under Section 365 of the Bankruptcy Code. The U.S. Court of Appeals for the Third Circuit’s recent decision in In re Goody’s Family Clothing Inc., __ F.3d ___, 2010 WL 2671929 (3d Cir. June 29, 2010), makes it clear that commercial lessors also can take advantage of the more general protections available to creditors to obtain payment for goods and services they provide to a debtor after it files for bankruptcy where the specific protections are not applicable....
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