With uncertainties regarding the economy, interest rates rising, the cost of real estate development soaring and financial distress resulting from the pandemic weighing heavy on many, real estate investors and users may find themselves in financial distress and may be exploring bankruptcy as a necessary step. This podcast offers a primer on some of the more common bankruptcy issues faced by those in the real estate industry.
Ryan Pinkston joins hosts James O'Brien and Eric Greenberg to discuss:
- what happens to unexpired leases in bankruptcy;
- why parties to a lease may want to negotiate for cash security deposits or letters of credit; and
- the usefulness of personal guaranties and single-asset real estate owners.
For further information on this topic, please contact Ryan Pinkston, James O'Brien or Eric Greenberg at Seyfarth by telephone (+1 (312) 460-5000) or email ([email protected], [email protected] or [email protected]). The Seyfarth website can be accessed at www.seyfarth.com.