FreightWaves’ Post

A recent bankruptcy case offers insight into how, despite significant benefits afforded to asset purchasers in bankruptcy proceedings, plan confirmation and sale orders cannot completely inoculate a successful bidder against claims arising out of independent facts and agreements tangentially related to the sale itself. Ryan Hardy and Jack O'Connor discuss the case and its impact here. #Bankruptcy #NDA https://lnkd.in/gZUBfSXh  

Read this important article along with insights from our SVP/Division Manager John Horowitz

ESSENTIAL DUTIES OF BANKRUPTS AND TRUSTEES IN LIQUIDATING ASSETS: THE ULTIMATE COMPREHENSIVE GUIDE Ira Smith Trustee & Receiver Inc. 167 Applewood Crescent #6, Concord, ON L4K 4K7 (647) 799-3312 VISIT THIS SITE: https://lnkd.in/eMeF9H4k I discuss a recent bankruptcy case decision from the Alberta Court that underscores the challenges of balancing statutory duties with practical limitations for all stakeholders in liquidating assets.  I start with an overview of the liquidation process and then discuss this case which deals with the statutory duties of all stakeholders in liquidating assets in a Canadian bankruptcy. #AssetRealization, #CommercialCondominiumUnits, #ATBFinancial, #FinancialCondition, #StatutoryDuties, #BankruptcyProceedings, #CourtOfKing’sBench, #CreditorsBenefits, #LegalInterpretations, #BankruptcyAndInsolvencyAct #receivership

Another May Wednesday means another #Denver #welcomewednesday post, this time it is to welcome our new Bankruptcy Partner, Tim Swanson. Tim is going to be a critically important part of our Finance Industry Team at Frost Brown Todd because much of his practice focuses on representing lenders on loan workouts, foreclosures and other loan enforcement actions across the country, but with a specific focus on the states west of the Mississippi River. While we still seem to be a in “kick the can” environment for loan enforcement matters at this point in the cycle, that seems poised to change in the second half of the year and beyond, particularly if there is a rate cut and a stronger market that would obviously positively impact the value for all assets. I know Ron Gold, A.J. Webb, Patricia Burgess, Jillian Nolan Snider and many others are really excited to have Tim on board and will be collaborating with him a lot in building out our finance industry practice across the country. #welcomewednesday #bankruptcy #letsgetfrosty

2 more Chapter 11 bankruptcy filings from Nate Paul's World Class hit courthouse - Austin Business Journal Breaking news: Two more Chapter 11 bankruptcy filings from Nate Paul's World Class have hit the courthouse. These entities are linked to prime real estate in East Austin and the Rainey Street district. Stay tuned as the situation unfolds. 🏙️💼 https://lnkd.in/gf9ct92M #NatePaul #WorldClass #RealEstate

In an online DBusiness Magazine article, Julie Teicher discusses what commercial property owners seeking to protect their interests can and can’t do during tenant bankruptcy proceedings. Read more: https://bit.ly/49ybG3R

What IS the difference between a Discharged and a Dismissed Bankruptcy? Bankruptcies on a tenant background check can have one of two dispositions: dismissed or discharged. As a landlord, it's key to know what each type of bankruptcy means. Otherwise, you won't get an accurate picture of a potential tenant, nor will you have a picture of their financial health. Without prior knowledge, many assume that dismissed and discharged bankruptcies are the same thing. The reality, however, is that there are major differences between the two. Read our latest blog to discover what each type of bankruptcy means for you as a landlord or property manager: https://lnkd.in/gCqJ8dqb #bankruptcy #propertymanagement #realestate #landlordtips #collections #tenantscreening #backgroundchecks #leasing

Brooklyn and Queens are seeing a significant wave of business bankruptcies, with the Eastern District of New York now leading the nation in real estate-related filings. A recent article from Bloomberg intimates that the trend is driven by rising interest rates and regulations on rent-stabilized buildings, making it challenging for property owners to manage debts. At our firm, we've noticed a considerable uptick in bankruptcy cases from this district, particularly in real estate matters. Developers and landlords are turning to Chapter 11 to seek better terms with lenders. Curious about the full story? Read more details below. Attorney Advertising: Prior results do not guarantee a similar outcome. https://lnkd.in/eEsu33tG

#HRE tracks every bankruptcy case filed in the United States Bankruptcy Court (USBC) with a commercial real estate asset scheduled at more than $2M in value. Our Bankruptcy Team has noted a significant increase in filed Single Asset Real Estate (SARE) cases. Not only was 2023 a five-year high for bankruptcy filings, those filings also contained the highest percentage of SARE cases in the last five years, as shown in the below chart. If you are currently working on a case with a commercial real estate asset scheduled, please contact Terry Rochford, J.D., or Benjamin Zaslav, J.D. for a #disposition or #valuation proposal. #hilcorealestate #bankruptcy #usbc

#HRE tracks every bankruptcy case filed in the United States Bankruptcy Court (USBC) with a commercial real estate asset scheduled at more than $2M in value. Our Bankruptcy Team has noted a significant increase in filed Single Asset Real Estate (SARE) cases. Not only was 2023 a five-year high for bankruptcy filings, those filings also contained the highest percentage of SARE cases in the last five years, as shown in the below chart. If you are currently working on a case with a commercial real estate asset scheduled, please contact Terry Rochford, J.D., or Benjamin Zaslav, J.D. for a #disposition or #valuation proposal. #hilcorealestate #bankruptcy #usbc