The bankruptcy court treats a(n) ________ as if it were breached ...

[kwoodring]

The bankruptcy court treats a(n) ________ as if it were breached prior to filing the petition, and any remaining balance owed to the other contracting party, e.g., the lessor, will be treated as a general unsecured claim in the bankruptcy case.
 
  Fill in the blank(s) with correct word

Question 2

Nonjudicial foreclosures, however, are highly regulated and include strict notice requirements and statutory waiting periods before the property is auctioned.
 
  Indicate whether the statement is true or false

[eliasc0401]

Answer to Question 1

rejected contract

Answer to Question 2

TRUE

[kwoodring]

Thanks for the timely response, appreciate it

[xiaomengxian]

Great answer, keep it coming