Financial Poise™ Announces "Single Asset Real Estate Cases" a New Webinar Premiering March 17th at 11:00 AM CST through West LegalEdcenter™

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This webinar is co-produced by West LegalEdCenter™ and part of the "Ethical Issues in Real Estate-based Bankruptcies" series. It will feature David Levy (NRC Realty & Capital Advisors); Mark Silverman (Dykema); Michael Rosow (Winthrop & Weinstine); Christopher Horvay (Sugar Felsenthal Grais & Helsinger LLP); and Michael Kind (Locke Lord).

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This webinar examines the ethical issues involved with Single Asset Real Estate (“SARE”) cases.

Anyone involved in the field of creditors rights on a matter involving an LLC that exists solely to hold the principal asset has surely seen the play where, the night before property is scheduled to be sold at a foreclosure auction, the debtor files bankruptcy. For those not familiar with the process, doing so invokes the “Automatic Stay”, which prohibits the secured lender from foreclosing on the property. The debtor then attempts to make their case to the court for reorganization. But is failing to pay your mortgage really something bankruptcy was meant to solve? If the bank was going to agree to a loan modification, wouldn’t the parities have worked something out by the time the sheriff sale was set? The bankruptcy code recognizes this and therefore has a section devoted to dealing with this specific kind of bankruptcy—the Single Asset Real Estate (“SARE”) case. The goal of this episode is to look into ethical issues surrounding these matters.

To learn more and register, click here.

The webinar will be available on-demand after its premiere. As with every Financial Poise Webinar, it will be an engaging and plain English conversation designed to entertain as it teaches.

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Rachel Starzyk
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