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Old 10-20-2009, 05:39 PM   #15 (permalink)
spirit4711
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Quote:
Originally Posted by The Big D View Post

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I imagine this same strategy works under European law too.

I hate it from an ethical standpoint when people freeroll on bankruptcy law like that, but it is a VERY effective strategy for restructuring leases and contracts.
I'm not sure it's very effective. If I were the landlord I would be tempted to say: go ahead and file for bankruptcy. I hate being blackmailed and would rather eat the loss of the remaining term than let them get away with it.

Collaborating to get to a solution both parties can live with is better than playing win/lose games.
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