A company that made several billions € profits last year, and which stock price is down a cataclysmic 20% from its highs, Just asked us to gift (not postpone) rent for 2Q Absolutely shameless I'm this close to outing them in public
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I was assuming T is bluffing and leveraging the environment to take advantage of LLs with poor debt service coverage ratios. In Ch. 11 they still cannot be in default of the Lease. Need to continue to pay rent, and then Leases go to auction a la Toys R Us.
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If you don’t pay your rent and are in default of the Lease then Ch. 11 does not save you you from eviction in the event of default any more than filing bankruptcy stops a mortgage company from foreclosing.
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