Bankruptcy law trumps contract law which allows the leased facilities in a babnkruptcy to be auctioned off if someone if The market value is higher than what yellow was paying to the owners and they are. The lease values were set in 2009 when most of the leased facilities were sold and while the lease payments were subject to a cost increase each year, the increase is way below what the market value of rent for industrial property has been over the last 15 years. But here is the kicker. The leases are only good for 30 years (my company bought 5 of them in 2009) So the current owner can take over the property in 2039. While that seems like a long time from now, it is only 15 years. My question for Sara is if you open an LTL operation with a bunch of Yellow leased facilities, what are you going to do in 15 years when the owners start taking back the facilities you are operating in?