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Landlord Cap Limits Rip Hole In Matador´s Cape

Law360 (October 17, 2007, 12:00 AM EDT) -- A commercial real estate lease often represents the largest single liability of many debtors.

For retailers, which typically have scores or even hundreds of store leases, the liability involved is orders of magnitude larger. It's fair to say that the management of lease obligations can be of enormous consequence to debtors, landlords and other creditors in Chapter 11 bankruptcy cases.

* Rejected Leases And The Capped Claim *

One of a debtor's options in a Chapter 11 case is to reject uneconomic or otherwise burdensome leases,...
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