As the coronavirus pandemic continues, many restaurants and retailers may have to turn to the bankruptcy courts for relief. The majority of them will have signed a commercial lease agreement. A tenant can file for bankruptcy under Chapter 7 or Chapter 11 of the Bankruptcy Code. The benefits for filing bankruptcy as a commercial tenant include: Halting most creditor actions through the imposition of an automatic stay The ability to reject or renegotiate a lease that no longer benefits the restaurant or retailer An opportunity to conduct a sale that is free of liens and claims and exempt from transfer taxes The possibility of debtor-in-possession financing that allows the restaurant or retailer to continue operating. Commercial tenants should consult with a bankruptcy attorney to determine the best approach for their particular situation. Many courts are eager to help businesses during the coronavirus pandemic. Thus, retail and restaurant owners should take advantage of the creative options available to them when pursuing commercial tenant bankruptcy.