Rochelle's Daily Wire

The ‘Countryman’ definition of an executory contract allows a debtor sell a contract without curing a default if the non-debtor counterparty has no further material, unperformed obligations.

Courts disagree on whether a repudiated contract remains executory.

Fee-shifting clause in the lease entitled the debtor to recover $606,000 in attorneys’ fees from the landlord for opposing lease assumption.

A lawyer queasy about a client’s decision to assume a lease can’t invoke the court’s scrutiny by making an application to reaffirm the debt under Section 524(c), Judge Hursh says.

Neither the Bankruptcy Code nor state law permits reducing rent when government regulations restrict a debtor’s ability to generate income, Judge Isgur says.

Before paying up front for a lifetime club membership, read the fine print and consult a lawyer.

Electing English law upheld, even though no one had any connection with the U.K.

Foreclosing on cash doesn’t moot an appeal from the order modifying the automatic stay as to cash.

Insurance companies must nail down the treatment of performance bonds before plan confirmation.

Even if flip clauses are ipso facto clauses, the Second Circuit holds that enforcement is permitted by the safe harbor in Section 560.