{"id":163,"date":"2026-02-11T12:27:08","date_gmt":"2026-02-11T16:27:08","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/?p=163"},"modified":"2026-02-11T12:27:09","modified_gmt":"2026-02-11T16:27:09","slug":"bankruptcy-court-provides-guidance-on-adequate-assurance-of-future-performance-in-sale-of-distressed-real-estate","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/2026\/02\/11\/bankruptcy-court-provides-guidance-on-adequate-assurance-of-future-performance-in-sale-of-distressed-real-estate\/","title":{"rendered":"Bankruptcy Court Provides Guidance on Adequate Assurance of Future Performance in Sale of Distressed Real Estate"},"content":{"rendered":"\n<p>By <a href=\"https:\/\/www.duanemorris.com\/attorneys\/marcuscolabianchi.html\">Marcus O. Colabianchi<\/a> and <a href=\"https:\/\/www.duanemorris.com\/attorneys\/hunterblume.html\">Hunter C. Blume<\/a><\/p>\n\n\n\n<p>Recently, the U.S. Bankruptcy Court for the Southern District of New York confirmed the Chapter 11 plan of liquidation for Broadway Realty I Co. LLC and affiliated debtors and approved the sale of a large portfolio of rent-stabilized residential properties to Summit Gold Inc., overruling objections by the City of New York. The decision provides guidance on the limits of housing-based objections and clarifies how bankruptcy courts may apply the \u201cadequate assurance of future performance\u201d standard to large, distressed residential portfolios.<\/p>\n\n\n\n<p>Read the full <em><a href=\"https:\/\/www.duanemorris.com\/alerts\/bankruptcy_court_provides_guidance_adequate_assurance_future_performance_sale_distressed_0226.html\">Alert<\/a><\/em> on the Duane Morris LLP website.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Marcus O. Colabianchi and Hunter C. Blume Recently, the U.S. Bankruptcy Court for the Southern District of New York confirmed the Chapter 11 plan of liquidation for Broadway Realty I Co. LLC and affiliated debtors and approved the sale of a large portfolio of rent-stabilized residential properties to Summit Gold Inc., overruling objections by &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/2026\/02\/11\/bankruptcy-court-provides-guidance-on-adequate-assurance-of-future-performance-in-sale-of-distressed-real-estate\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bankruptcy Court Provides Guidance on Adequate Assurance of Future Performance in Sale of Distressed Real Estate&#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],"ppma_author":[37],"class_list":["post-163","post","type-post","status-publish","format-standard","hentry","category-general","tag-bankruptcy"],"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\/163","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=163"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/wp-json\/wp\/v2\/posts\/163\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/wp-json\/wp\/v2\/media?parent=163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/wp-json\/wp\/v2\/categories?post=163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/wp-json\/wp\/v2\/tags?post=163"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/businessreorganizationfinancialrestructuring\/wp-json\/wp\/v2\/ppma_author?post=163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}