In preparation for our upcoming Woman of Influence marketing influencers, which will publish in the GlobeSt. Real Estate Forum July/August publication, we wanted to take a moment to recognize some of the leading ladies who have already made big moves in this space.
In Chapter 11, the debtor will usually seek permission to use the income generated by the property. But if the license to use rents was terminated prior to bankruptcy, the rental income no longer is considered property of the debtor.
Contractors and developers may find other legal defenses outside of the contract terms if force majeure language is missing from the original agreement.