July 6, 2020
Landlords’ Entitlement to Accelerated Rent in a Bankruptcy
The Ontario Court of Appeal recently confirmed that a landlord’s preferred claim in a bankruptcy is limited to three months of arrears and three months of accelerated rent if the trustee disclaims the lease. When a tenant goes bankrupt, the trustee-in-bankruptcy steps into their shoes and can choose to keep the lease in force, or […]
