In Chapter 7 bankruptcy, the trustee can assume or terminate unexpired leases or executory contracts. Learn more. If you have an unexpired lease or executory contract when you file for Chapter 7 bankruptcy, the bankruptcy trustee may assume or terminate the lease or contract. Read on to learn what it means to assume or terminate a lease, how likely it is that the trustee will assume your lease, and what happens if you want to terminate the lease.
JCPenney History. JCPenney, also called JCP or Penneys, was founded by James Cash Penney in 1902 as the Golden Rule Store. Penney bought out his 2 partners in 1907 and began calling the stores J.C. Penny in 1913.
Nike was founded in 1964 as blue ribbon sports, and changed to Nike in 1978.It was founded by Bill Bowerman and Philip Knight.plit and merge into it. Answer by Beckyddd. Confidence votes 9. The Nike Corporation was founded in 1972 but was created in 1964. It was being created by Bill bowerman but the Oregon runner Phil Knight also helped him.