Disclaimer of leasehold interests requires notice to interested persons and an adjudicatory objection process before trustee action. The provision conditions a bankruptcy trustee's ability to disclaim a leasehold interest on service of a notice on every interested person and either the ... Summary
Disclaimer of leasehold interests requires notice to interested persons and an adjudicatory objection process before trustee action.
The provision conditions a bankruptcy trustee's ability to disclaim a leasehold interest on service of a notice on every interested person and either the absence of any timely objection by such persons or an Adjudicating Authority direction that the disclaimer take effect; the Authority may also make orders regarding fixtures, tenant improvements and other lease-related matters consequential to the disclaimer.
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