Consolidated Appropriations Act Provides Bankruptcy Preference Liability Protections for Landlords
By EsqSocial Corporation 12/01/21
The Consolidated Appropriations Act of 2021 (Public Law 116-260) (the Act) contains an important change in bankruptcy law beneficial to landlords of nonresidential properties. Among several amendments to the Bankruptcy Code intended to address the COVID-19 crisis, the Act amends Bankruptcy Code section 547 to create a temporary exception protecting landlords from the potential “claw back” of payments made by a debtor-tenant pursuant to rent deferral agreements made after March 13, 2020 (the date...
By: Allen Matkins