Bankruptcy Questions Answered

Assuming or Rejecting Unexpired Leases

August 19th, 2005 | by ChooseLaw Articles - Business - Bankruptcy | Bankruptcy and Unexpired Leases: What are the Rules? The principal question applied to leases in bankruptcy proceedings is this: is the lease in question an actual long-term rental agreement, or is it a financial instrument that has been utilized for favorable taxation, depreciation, or other business advantages?