{"id":106,"date":"2021-12-23T17:15:44","date_gmt":"2021-12-23T21:15:44","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/?p=106"},"modified":"2022-02-28T17:33:30","modified_gmt":"2022-02-28T21:33:30","slug":"in-bankruptcy-rejection-of-prepetition-contracts-is-not-automatic","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/2021\/12\/23\/in-bankruptcy-rejection-of-prepetition-contracts-is-not-automatic\/","title":{"rendered":"In Bankruptcy, Rejection of Prepetition Contracts Is Not Automatic"},"content":{"rendered":"<p>Skip DiMassa and Malcolm Bates wrote for\u00a0<em>The Legal Intelligencer<\/em> on debtors&#8217; contractual obligations.<\/p>\n<p style=\"padding-left: 40px\">In\u00a0<em>In re Brick House Properties,<\/em>\u00a0Bk. No. 20-26250, (Bankr. D. Utah June 11, 2021), the U.S. States Bankruptcy Court for the District of Utah denied a debtor\u2019s motion to reject its prepetition contract for the sale of real property under Section 365 of the Bankruptcy Code. The bankruptcy court found that because the debtor was already subject to a state court-specific performance order compelling it to take the ancillary steps necessary to close the sale, the contract was no longer executory and could not be rejected.<\/p>\n<p>To read the full article, please visit the <a href=\"https:\/\/www.duanemorris.com\/articles\/in_bankruptcy_rejection_prepetition_contracts_not_automatic_1221.html\">Duane Morris LLP website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Skip DiMassa and Malcolm Bates wrote for\u00a0The Legal Intelligencer on debtors&#8217; contractual obligations. In\u00a0In re Brick House Properties,\u00a0Bk. No. 20-26250, (Bankr. D. Utah June 11, 2021), the U.S. States Bankruptcy Court for the District of Utah denied a debtor\u2019s motion to reject its prepetition contract for the sale of real property under Section 365 of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/2021\/12\/23\/in-bankruptcy-rejection-of-prepetition-contracts-is-not-automatic\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;In Bankruptcy, Rejection of Prepetition Contracts Is Not Automatic&#8221;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[6,56,57,55],"ppma_author":[37],"class_list":["post-106","post","type-post","status-publish","format-standard","hentry","category-general","tag-bankruptcy","tag-malcolm-bates","tag-real-property","tag-skip-dimassa"],"authors":[{"term_id":37,"user_id":6,"is_guest":0,"slug":"duanemorris3","display_name":"Duane Morris","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/843ff6e7a8fe5fc92109b47a45f34b6cf0ea499e6e788db23456c838b0ae6747?s=96&d=blank&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/wp-json\/wp\/v2\/posts\/106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/wp-json\/wp\/v2\/comments?post=106"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/wp-json\/wp\/v2\/posts\/106\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/wp-json\/wp\/v2\/media?parent=106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/wp-json\/wp\/v2\/categories?post=106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/wp-json\/wp\/v2\/tags?post=106"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/wp-json\/wp\/v2\/ppma_author?post=106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}