Ch. 11 Prospects In The New SARE Landscape

Law360, New York (June 10, 2011, 12:20 PM EDT) -- With the real estate market in shambles for the past few years, it comes as no surprise that companies in the business of developing and leasing real estate have increasingly been filing for Chapter 11 relief.

Very often, these companies own a single building or a single complex of buildings, and typically these properties carry mortgages with balances in excess of their value. Bankruptcy courts have long recognized that such “single asset real estate” (SARE) debtors[1] present particular problems that more traditional companies do not, because...
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