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On Demand Premiere Ethical Issues In Real Estate-Based Bankruptcies / Single Asset Real Estate Cases

Mar 30, 2025 @ 10:00 am - 12:00 pm CDT

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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.

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