Being an unsecured creditor is not an easy position to navigate when a company files for bankruptcy. First, understand things from the unsecured creditor’s perspective. Then, understand how to mitigate the risks as an unsecured creditor dealing with distressed companies. Read about it in Dealing with Corporate Distress 13: The Unsecured Creditor’s Perspective About its Debtors.

As the Devil’s Dictionary of Bankruptcy Terms explains, “deemed rejection” is the “rejection of an executory contract or unexpired lease as a result of the debtor’s failure to affirmatively assume or reject the contract or lease within the time specified by the Code.” Read the full Devil’s Dictionary definition.