Debtor's Motion: Order Extending Time to Assume or Reject Unexpired Leases of Nonresidential Real Property
About this template
This legal template addresses a specific motion filed by a debtor in relation to the assumption or rejection of unexpired leases of nonresidential real property under USA law. In the context of bankruptcy proceedings, when a debtor files for bankruptcy, they may have existing leases for commercial properties or nonresidential real estate. This motion seeks an order from the relevant court to extend the deadline for the debtor to decide whether to assume or reject these leases.
The motion acknowledges the need for additional time to carefully evaluate the financial and operational implications of each lease in order to make an informed decision. Through this motion, the debtor seeks a reasonable extension of the statutory deadline to consider and correspondingly, assume or reject each lease. The debtor presents compelling arguments, backed by facts and legal justifications, to convince the court that more time is necessary.
In this template, important elements may include an introduction, the background circumstances leading to the debtor's need for extension, specific reasons justifying the request, references to relevant statutes and case laws, and a proposed order granting the requested extension. The template may also contain appropriate legal language and supporting exhibits or attachments that are relevant to the case.
Ultimately, the purpose of this legal template is to provide a structured document that debtors or their legal representatives can use to draft a motion seeking an order from the court to extend the time available for assuming or rejecting unexpired leases of nonresidential real property, ensuring due process and compliance with the USA law.