3.0.0 1942 2023-01-11T13:19:35Z 2023-01-11T13:19:35Z House H HR 2009-04-02 111 hsju00 Judiciary Committee House Standing hsju09 Commercial and Administrative Law Subcommittee Referred to 2009-05-26T12:57:56Z Referred to 2009-04-02T13:11:50Z 2009-05-26 hsju09 Commercial and Administrative Law Subcommittee 1 House committee actions Referred to the Subcommittee on Commercial and Administrative Law. Committee 2009-04-02 Referred to the House Committee on the Judiciary. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2009-04-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-04-02 Introduced in House IntroReferral 1000 9 Library of Congress N000002 Rep. Nadler, Jerrold [D-NY-8] JERROLD NADLER D NY 8 N C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2009-04-02 True Finance and Financial Sector Bankruptcy Industrial facilities Real estate business Finance and Financial Sector 00 2009-04-02 Introduced in House 2009-06-17T22:33:36Z Business Reorganization and Job Preservation Act of 2009 - Amends federal bankruptcy law with respect to the deemed rejection by the trustee in bankruptcy of an unexpired lease of nonresidential real property under which the debtor is the lessee and the immediate surrender of that nonresidential real property to the lessor.

Revises the formula for the deadline for assumption or rejection of the unexpired lease before a rejection shall be deemed. Repeals the alternative date of the entry of an order confirming a plan, if that is the earlier of two dates. Fixes the period before deeming at 60 (currently 120) days after the order for relief. Repeals the current discretionary extension period the bankruptcy court may allow. Allows the bankruptcy court to fix another deadline for assumption or rejection, but only within the 60-day period after the order for relief.

Reduces from 45 days to 10 days after a debtor's receipt of goods while insolvent the deadline by which a seller must demand reclamation of the goods in writing.

Authorizes the court to deny reclamation to a seller with a right of reclamation that has made such a demand, but only if the court: (1) grants the seller's claim priority as an administrative expense; or (2) secures such claim by a lien.

]]> Business Reorganization and Job Preservation Act of 2009 Display Title Business Reorganization and Job Preservation Act of 2009 Official Title as Introduced To amend title 11 and for other purposes. Introduced in House IH Short Titles as Introduced Business Reorganization and Job Preservation Act of 2009 Introduced in House 2009-04-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr1942ih/xml/BILLS-111hr1942ih.xml 2009-05-26 Referred to the Subcommittee on Commercial and Administrative Law. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.