The Bankruptcy Code ' 362(d)(3) provides unique grounds for stay relief by permitting a creditor secured by a bankruptcy debtor's “single asset real estate” to pursue an act against the property as early as 90 days after the case's filing.
Strategy for the Secured Creditor in a Single Asset Real Estate Case
The Bankruptcy Code ' 362(d)(3) provides unique grounds for stay relief by permitting a creditor secured by a bankruptcy debtor's "single asset real estate" to pursue an act against the property as early as 90 days after the case's filing. To take full advantage of this provision, however, secured creditors should carefully manage the dual time frames set forth in this Bankruptcy Code section.
By
William M. HawkinsThis premium content is locked for The Bankruptcy Strategist subscribers only
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