- 11 U.S.C.
United Air Lines Inc. v. HSBC Bank USA (In re United Air Lines)
Jul
06
2006
Ruling
Court affirmed that agreement as whole constituted true lease under section 365 and was not severable.
Procedural posture
Plaintiff debtor appealed a decision of the District Court for the Northern District of Illinois, which affirmed the bankruptcy court's ruling that debtor's agreement with defendants, a city, a county, and a bank, could not be severed and, taken as a whole, was a lease.
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