Written By Mark Laugesen, Karma Dolkar and Danish Afroz

This practice note discusses the issues regarding the bankruptcy of a tenant including the rights of a trustee in bankruptcy to retain the leased premises, assign the lease to a third party, or surrender possession of or disclaim the lease, and also discusses the status of a guarantor's indemnity obligations under a bankrupt tenant's lease. Published by Lexis Practice Advisor Canada – Insolvency.