A except as provided in sections 765 and 766 of this title and in subsections b c and d of this section the trustee subject to the court s approval may assume or reject any executory contract or unexpired lease of the debtor b 1 if there has been a default in an executory contract or unexpired lease of the debtor the trustee may not assume such contract or. The devil s dictionary is a quick reference guide for commercial lenders and other restructuring professionals in this series we highlight many of the buzz words found in the dictionary and used in today s bankruptcy arena. A solar photovoltaic pv panel system solar system has been installed on the premises that is subject to a lease or unpaid loan.
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