Alan Halperin as Plan Administrator in the Cortlandt Liquidating Estate (Century 21) Obtains Major Appellate Victory
In a victory to the Cortlandt Liquidating estate (created in the Century 21 chapter 11 case), for which Alan Halperin serves as Plan Administrator, the United States District Court for the Southern District of New York recently upheld the decision of the Bankruptcy Court that section 502(b)(6) of the Bankruptcy Code applies to cap the claim of a lessor on account of a guaranty of a lease and that such cap must be calculated in accordance with the “time approach” … Continued