You are working as a paralegal in the law firm of Dewey, Cheatum, and Howe, and you are given a Chapter 11 notice of bankruptcy filing for Sears in the Northern District of Illinois. Explain what happens to each creditor's claim and what they should do.

1. Mr. Cheatum gives you a copy of the notice and tells you that he has a client that is a property owner (i.e. a Landlord) that rents retail space to Sears, and he wants you to tell him what he has to do now that Sears has filed for Bankruptcy? What do you tell Mr. Cheatum?