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Ipso facto clauses, which allow termination due to bankruptcy, are generally unenforceable in bankruptcy.

Debtor may reject an executory contract, leading to a breach and allowing the other party to file a claim for damages.

Debtor must provide proof of ability to fulfill contract terms to assume or assign an executory contract.

Rejection of an executory contract or unexpired lease results in a claim for damages by the non-debtor party.

Automatic stay prevents contract termination due to debtor's bankruptcy filing.

Debtor has a specified time period to assume or reject a non-residential real property lease.

The debtor must make a timely decision to assume or reject executory contracts and unexpired leases, subject to court extensions.

Debtor may assign the contract to a third party, with the third party assuming responsibility.

Debtor may assume an executory contract, making it fully enforceable and requiring performance from both parties.

Debtor may assume or reject unexpired leases, with rejection treated as a prepetition breach.

The trustee has the same rights as the debtor to assume, reject, or assign executory contracts and unexpired leases.

Special rules apply to the assumption or assignment of shopping center leases to protect other tenants and the landlord.

Debtor may cure, or fix, defaults to facilitate the assumption of an executory contract.

Under section 365(n), licensees can retain rights to intellectual property even if the licensor rejects the executory contract in bankruptcy.