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.

28 minute read March 30, 2009 at 09:54 AM
By
William M. Hawkins
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.

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