Single Asset Real Estate Cases

Webinar Overview

A common situation encountered by insolvency practitioners is a matter involving an LLC that exists solely to hold the principal asset and “the night before” the property is scheduled to be sold at a foreclosure auction the debtor elects to file bankruptcy to invoke the “Automatic Stay”, which prohibits the secured lender from foreclosing on the property. The Bankruptcy Code contemplates this and therefore has a section devoted to dealing with this specific kind of bankruptcy known as a Single Asset Real Estate (“SARE”) case.

This webinar presents practice pointers on how to use the ABA Model Rules as a guide to navigating ethical issues in Single Asset Real Estate or SARE cases through dynamic case studies that explore how different fact patterns can change the assessment of a situation.

Model Rules addressed include:

• those that address a conflict of interest towards current clients (Rule 1.7);
• those that speak to meritorious claims and contentions (Rule 3.1);
• and dealing with an unrepresented person (Rule 4.3).

Other Webinars in this Series

• Insider Lease Agreements (Premiered on February 20, 2025)
• Valuing Real Estate Assets (Premiered on January 23, 2025)