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11 Mar 2011, 5:00 am by Doug Cornelius
FASB Sounds Retreat on New Accounting Standards for Leases by John W. [read post]
11 Mar 2011, 5:00 am by Doug Cornelius
FASB Sounds Retreat on New Accounting Standards for Leases by John W. [read post]
4 Mar 2011, 10:26 am
Corinthian Colleges, Inc., the landlord claimed the lease had an anti-waiver clause, stating "acceptance of a payment which is less then the amount due shall not be a waiver of lessor's rights to the balance of such rent"; and all monetary obligations "are rent" The appellate court found that the termination payment was not an obligation under the lease, but was payment for exercise of a right or privilege. [read post]
3 Mar 2011, 8:42 pm by Mike
See e.g., In re New Valley Corp., 2000 WL 1251858, at 91-12 (D.N.J.2000); In re Andover Togs, Inc., 231 B.R. 521, 545-46 (Bankr.S.D.N.Y. 1999); In re Today's Woman of Florida, Inc., 195 B.R. 506, 507-08 (Bankr.M.D.Fla. 1996); In re Gantos, Inc., 176 B.R. 793, 795-96 (Bankr.W.D.Mich.1995); In re Financial News Network, Inc., 149 B.R. 348, 351 (Bankr.S.D.N.Y.1993); In re Communicall Central, Inc., 106 B.R. 540, 544 (Bankr.N.D.Ill.1989). [read post]
2 Mar 2011, 10:41 am
In the Matter of Gunther's Leasing Transport, Inc., Docket No. [read post]
25 Feb 2011, 8:11 am by Sonya Hubbard
Except for the potential lawsuit that Allegheny Energy, Inc. [read post]
17 Feb 2011, 10:41 am by ADeStefano
Joy Contractors, Inc., a tower crane operated by Joy Contractors Inc. that had been leased from New York Crane, collapsed during the construction of a high-rise condominium project, resulting in the deaths of seven people. [read post]
3 Feb 2011, 11:17 am by Doug
The Canadian Radio-television and Telecommunications Commission, or CRTC, ruled last week that BCE Inc., the parent of Bell Canada, could charge wholesalers that lease bandwidth on its network on the same usage basis it charges its own customers, minus a 15 percent discount. [read post]
29 Jan 2011, 4:19 pm by Joseph C. McDaniel
or to indicate in such statement that the debtor will either surrender such personal property or retain it and, if retaining such personal property, either redeem [,reaffirm,] or assume such unexpired lease pursuant to section 365(p)[9] if the trustee does not do so, as applicable; and(B) to take timely the action specified in such statement, . . . unless such statement specifies the debtor's intention to reaffirm such debt on the original contract terms and the creditor refuses… [read post]