11 U.S.C. § 365(b)(1)

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11 U.S.C. § 365(b)(1)

Definition

A provision of the United States Bankruptcy Code disallowing the assumption of an executory contract or lease in which the debtor is in default unless (a) the default is cured, with certain exceptions, (b) the nondefaulting party is compensated for the loss caused by the default, and (c) adequate assurance of future performance is given.

Related rules

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— In re M. Fine Lumber Co.

Mauris finibus odio eu maximus interdum. Ut ultricies suscipit justo in bibendum. Sed eu magna efficitur, luctus lorem ut, tincidunt arcu. Praesent varius sit amet erat hendrerit placerat. In posuere eget ante id facilisis. Integer semper venenatis felis lacinia malesuada.

— In re Pioneer Ford Sales

Mauris finibus odio eu maximus interdum. Ut ultricies suscipit justo in bibendum. Sed eu magna efficitur, luctus lorem ut, tincidunt arcu. Praesent varius sit amet erat hendrerit placerat. In posuere eget ante id facilisis. Integer semper venenatis felis lacinia malesuada.

— Moody v. Amoco Oil Co.

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