Sec. 1111(b) And Commercial Real Estate Cases

Law360, New York (September 21, 2009, 3:29 PM EDT) -- A variety of sources predict a coming wave of commercial real estate problems. The prediction is that many of the acquisitions and refinancing of a few years ago are headed toward maturity in 2009 to 2011. Since many used funding vehicles that no longer exist, the conventional wisdom is that the defaults will soon begin. Just as summer follows spring, bankruptcies follow mortgage defaults.

The current economic conditions also come into play because today’s values are nowhere near where they were in the two years preceding...
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