BACKGROUNDTHE DIFFERENCE IN TREATMENT OF A LEASE AND A MORTGAGE UNDER THE BANKRUPTCY CODE: WHY DOES IT MATTER?FACTORS COURTS TYPICALLY CONSIDER TO DETERMINE IF A LEASE IS A TRUE LEASE OR A FINANCING ARRANGEMENTTHE BANKRUPTCY COURT’S ANALYSIS OF THE SFO, JFK, AND LAX TRANSACTIONS AS FINANCING ARRANGEMENTSTHE BANKRUPTCY COURT’S ANALYSIS OF THE DENVER TRANSACTION AS A TRUE LEASETHE DISTRICT COURT’S REVIEW OF THE DENVER, SFO, JFK, AND LAX TRANSACTIONSTHE SEVENTH CIRCUIT’S REVIEW OF THE SFO, JFK, LAX, AND DEN TRANSACTIONSCONCLUSIONAPPENDIX A - United Municipal BondsAPPENDIX B