Robinson Cole LLP
High Contrast Mode
December 2020 - Article

Pressed for Time: A Real Estate Purchaser's Right to Invoke Section 108(B) to Extend The Time for Performance When the Contract Provides That Time is of the Essence

Share this page:

Andrew DePeau and Ryan Messina authored the article examining three judicial decisions issued by bankruptcy courts within the Eastern and Southern Districts of New York, analyzing the impact of Section 108(b) of the United States Code on the rights of contract counterparties if a business transaction is unable to be consummated and a purchaser seeks relief under Title 11 of the Code.