The Property Line: Bankruptcy 101 for Real Estate Professionals (Podcast) – Insolvency/Bankruptcy
To print this article, all you need to do is be registered or log in to Mondaq.com.
With uncertainties about the economy, rising interest rates, soaring real estate development costs and financial hardship resulting from the pandemic weighing heavily on many, real estate investors and users may find themselves in financial difficulty and considering the bankruptcy as a necessary step. In this episode, we provide an introduction to some of the most common bankruptcy issues facing players in the real estate industry.
Ryan Pinkston, Bankruptcy Specialist in Seyfarth’s Litigation Department, Joins Hosts James O’Brien and Eric Greenberg to discuss what happens to unexpired leases in bankruptcy, why parties to a lease may want to negotiate cash security deposits or letters of credit, and the usefulness of personal guarantees and homeowners to a single asset.
The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.
POPULAR ARTICLES ON: Insolvency/Bankruptcy/Restructuring from the United States