Official Comm. of Unsecured Creditors of Great Lakes Quick Lube LP v. T.D. Invs. I, LLP (7th Cir. Court of Appeals)
Mar 11, 2016OUTCOME: Reversed and remanded
The bankruptcy judge erred in agreeing with the lessor that the lease terminations were not transfers because the lessee had an interest in property which it parted with by transferring that interest t ... o the lessor, and the distinction between the value of the leases and the leases themselves enabled the purpose of 11 U.S.C.S. § 365(c)(3) to be fulfilled without making inroads into 11 U.S.C.S. § 101(54)(D).
