5 Things Real Estate Pros Must Know About Bankruptcy

Law360, New York (July 19, 2013, 6:38 PM ET) -- From a real estate professional’s perspective, bankruptcy cases tend to be cumbersome, fast-moving cases where deadlines and timing considerations play substantial roles. Understanding the basic structure of the Bankruptcy Code and the manners in which bankruptcy can impact real property interests and rights is critical to formulating an appropriate strategy to deal with these cases, especially at times when bankruptcy counsel may not yet be formally retained.

First, tracking the major dates and significant events in a bankruptcy case will go a long way toward streamlining...
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