- 11 U.S.C.
In re Patriot Place Ltd.
Jan
11
2013
Ruling
Debtor could assume non-residential lease based on compliance, continued income stream and disastrous consequences if assumption was denied.
Procedural posture
In a consolidated hearing, the court heard motions by a chapter 11 debtor- lessee to assume a commercial lease and for confirmation of its competing plan of reorganization for the chapter 11 debtor-lessor. The debtor-lessor sought confirmation of its plan of reorganization and determination of the value of the leasehold interests of the debtor/lessee.
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Court
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