Legal Opinion
In Re David Orgell, Inc.
United States Bankruptcy Court, C.D. California
Decided August 3, 1990No. Bankruptcy LA 89-25928PublishedCited by 9 opinions
1Opinion of the Court
MEMORANDUM OF DECISION
SAMUEL L. BUFFORD, Bankruptcy Judge.
I. INTRODUCTION
This contested proceeding raises the issue of whether a landlord may enforce a clause in a long-term commercial lease, that provides for an increase in the rent from the contract rate to a market rate upon assignment of the lease, at the time that the debtor assumes and assigns the lease pursuant to Bankruptcy Code § 365, 11 U.S.C.A. § 365 (West 1979 & Supp. 1990).
The Court holds that section 365 prohibits the enforcement of such a provision in a commercial lease at the time of an assumption and assignment under section…
2Cases cited8 opinions
- Thompson v. Texas Mexican Railway Co.Supreme Court of the United States · 1946
- In Re Hink & SonCourt of Appeals for the Ninth Circuit · 1987
- In Re Nitec Paper Corp.District Court, S.D. New York · 1984
- In Re Mr. Grocer, Inc.United States Bankruptcy Court, D. New Hampshire · 1987
- In Re Gamma Fishing Co., Inc.United States Bankruptcy Court, S.D. California · 1987
3 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- United States Lines (S.A.), Inc. v. United States (In Re McLean Industries, Inc.)United States Bankruptcy Court, S.D. New York · 1991
- In Re Audra-John Corp.United States Bankruptcy Court, D. Minnesota · 1992
- In Re Plitt Amusement Co. of Washington, Inc.United States Bankruptcy Court, C.D. California · 1999
- Robb v. SchindlerDistrict Court, D. Massachusetts · 1992
- In Re E-Z Serve Convenience Stores, Inc.United States Bankruptcy Court, M.D. North Carolina · 2003
4 more not listed; retrieve them via the Exa API.