Generally, regardless of what “debt” means in other areas of life and law, it means something a little different under the Bankruptcy Code. That definition becomes important when, as is
Lease Termination Fees May Be an Avoidable Preference Under the Bankruptcy Code
Recently, the Eleventh Circuit considered whether future rent under a lease was "debt" for purposes of bankruptcy, and held that a tenant becomes "indebted" to the landlord for all future rental payments for the life of the lease at the moment the lease is executed.
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