Faegre Drinker Biddle & Reath LLP, a Delaware limited liability partnership | This website contains attorney advertising.
June 03, 2020

Pandemic Justifies Deferral of Post-Petition Retail Rent Payments

The Legal Intelligencer

Faegre Drinker co-chair Andy Kassner and senior attorney Joe Argentina published “Pandemic Justifies Deferral of Post-Petition Retail Rent Payments” in the June 3 edition of The Legal Intelligencer. Kassner and Argentina write that in any retail proceeding, the obligations of a debtor to timely perform its post-petition obligations under the store leases is clear. But what happens during a global pandemic? The authors discuss the United States Bankruptcy Court for the Eastern District of Virginia’s decision in In re Pier 1 Imports, Inc., Case No. 20-30805-KRH (May 10, 2020), where the Court was requested to allow the debtors to defer payments of post-petition rent for store locations. The Court granted this request, and permitted the Pier 1 Debtors to defer post-petition rent at many locations.
Full Article

The Faegre Drinker Biddle & Reath LLP website uses cookies to make your browsing experience as useful as possible. In order to have the full site experience, keep cookies enabled on your web browser. By browsing our site with cookies enabled, you are agreeing to their use. Review Faegre Drinker Biddle & Reath LLP's cookies information for more details.