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Seventh Circuit holds that treasury bonds are riskier than real estate and cannot provide the indubitable equivalence of a claim
- Greenberg Traurig LLP
- -
- USA
- -
- February 7 2012
Taking the lead from its recent decision in In re River Road Hotel Partners, in In re River East Plaza, LLC, the Seventh Circuit held that a debtor cannot avoid the lien retention prong of Section 1129(b)(2)(A)(i) by transferring an undersecured creditor’s lien to substitute collateral as indubitable equivalence pursuant to Section 1129(b)(2)(A)(iii
Apartment buildings in Houston, Texas
- Greenberg Traurig LLP
- -
- USA
- -
- October 13 2011
GALP Highcross Limited Partnership and its Co-Debtor recently filed for Chapter 11 bankruptcy and, although no sale has been announced, the Debtor’s assets may be available for acquisition under the right circumstances
169-unit apartment building in Sherman Oaks, California
- Greenberg Traurig LLP
- -
- USA
- -
- October 13 2011
Summer View Sherman Oaks Apartments, LLC recently filed for Chapter 11 bankruptcy and, although no sale has been announced, the Debtor’s assets may be available for acquisition under the right circumstances
Assisted living facility in Culver City, California
- Greenberg Traurig LLP
- -
- USA
- -
- October 13 2011
Culver Village, LLC recently filed for Chapter 11 bankruptcy and, although no sale has been announced, the Debtor’s assets may be available for acquisition under the right circumstances
Shopping center in Provo, Utah
- Greenberg Traurig LLP
- -
- USA
- -
- October 13 2011
Provo Gateway, LLC recently filed for Chapter 11 bankruptcy and, although no sale has been announced, the Debtor’s assets may be available for acquisition under the right circumstances. The Debtor’s assets consist of holding and managing real property that is occupied by commercial tenants
Shopping center properties in North Carolina
- Greenberg Traurig LLP
- -
- USA
- -
- October 13 2011
Piedmont Center Investments, LLC recently filed for Chapter 11 bankruptcy and, although no sale has been announced, the Debtor’s assets may be available for acquisition under the right circumstances
Hotel in San Juan, Puerto Rico
- Greenberg Traurig LLP
- -
- Puerto Rico
- -
- October 13 2011
Hotel Airport Inc. recently filed for Chapter 11 bankruptcy and, although no sale has been announced, the Debtor’s assets may be available for acquisition under the right circumstances
Medical laboratory in San Juan, Puerto Rico
- Greenberg Traurig LLP
- -
- Puerto Rico
- -
- October 13 2011
Caribbean Medical Testing Center, Inc. recently filed for Chapter 11 bankruptcy and, although no sale has been announced, the Debtor’s assets may be available for acquisition under the right circumstances
Mortgage company in Philadelphia, Pennsylvania
- Greenberg Traurig LLP
- -
- USA
- -
- October 13 2011
Gelt Financial Corporation recently filed for Chapter 11 bankruptcy and, although no sale has been announced, the Debtor’s assets may be available for acquisition under the right circumstances
Common attornment provision held ineffective after master lease and sublease rejected in bankruptcy by debtor-sublandlord
- Greenberg Traurig LLP
- -
- USA
- -
- October 4 2011
In Green Tree Serv., LLC v. DBSI Landmark Towers LLC, a case that is significant for landlords and leasing attorneys, the Eighth Circuit recently held that a subtenant of commercial office space was permitted to vacate its leased premises after the rejection of the master lease and sublease by the debtor-sublandlord, notwithstanding an attornment provision in the sublease requiring the subtenant to attorn to the landlord when the landlord either terminates the master lease or otherwise succeeds to the interest of the sublandlord under the master lease
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- Workarea - Insolvency & Restructuring
- Workarea - Commercial Property
- Workarea - Litigation
- Firm Name - Greenberg Traurig LLP
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