PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Commercial and Administrative Law.
Congressional Research Service
Version 00 · Introduced in House · Apr 2, 2009
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.
Showing the opening paragraphs of the official summary.
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.
People & committees
Rep. Nadler, Jerrold [D-NY-8] · D–NY
Legislative record
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Referred to the Subcommittee on Commercial and Administrative Law.
Referred to the House Committee on the Judiciary.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.
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