Role Of The Real Estate Lawyer In Ch. 11

Law360, New York (May 22, 2009, 12:00 AM EDT) -- Real estate lawyers have a significant role as members of the legal team retained as counsel by an unsecured creditors committee (the “Committee”) in the case of a Chapter 11 petition filed by a real estate investment trust or other entity with substantial real estate assets. This article describes and defines that role.

As companies face troubled times, an increasing number will enter into Chapter 11 bankruptcy proceedings. Pursuant to Section 1102(a)(1) of the Bankruptcy Code, after the filing of a petition in Chapter 11, the...
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