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The use by tenants of bankruptcy and receivership to avoid leases has been in great vogue during the last few years. lVCost conspicuous has been their use by chain stores, the vast majority of whose store locations are leased, not owned. But other tenants have likewise resorted to these devices to reduce overhead, until the whole procedure has been frequently condemned in popular thought as constituting nothing but a racket which ingenious counsel have devised as an avenue of escape from just obligations.

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