When a commercial tenant files for bankruptcy, an automatic stay immediately takes effect, often preventing landlords from pursuing eviction. However, a Connecticut case demonstrates that timing is key when issuing a notice to quit. In this case, the landlord served a notice to quit before the tenant filed for bankruptcy. The Court later ruled that the lease was already terminated before the bankruptcy filing—meaning the tenant had no lease to assume, and the landlord could proceed with eviction. ?? Takeaway for commercial landlords: If you have grounds to terminate a lease and suspect a bankruptcy filing may be imminent, acting proactively may help avoid complications. Read more in our latest blog by Kempshall McAndrew: https://lnkd.in/eNY7x9md
