Acquiring Real Estate From a Bankrupt Seller: Legal Issues
Evaluating Acquisition Options and Navigating Complex Bankruptcy Court Procedures
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will guide real estate counsel through the procedural mechanics and strategic decisions buyers face when purchasing real estate from bankrupt sellers. The panel will describe the statutory requirements, procedures and risks for a section 363 sale and offer strategies to mitigate risks.
Evaluating the bankruptcy options and navigating the processes
- Direct and indirect acquisitions
- Automatic stay and acquiring property through foreclosure
- Acquiring property under a confirmed plan
- Acquiring property at a section 363 sale
Due diligence and closing
- Title insurance
- Transfer taxes
The panel will review these and other key questions:
- What factors should buyers consider in deciding whether to purchase property through a bankruptcy sale?
- How can buyers identify and minimize their legal risks when executing a bankruptcy sale?
- What are some recommended strategies for navigating the bankruptcy court processes?
- What are the key due diligence considerations and best practices for negotiating and documenting the purchase?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Gorman & Miller
Mr. Miller specializes in commercial real estate transactions. Since 1999, he has represented clients in successfully... | Read More
Mr. Miller specializes in commercial real estate transactions. Since 1999, he has represented clients in successfully closing over $4 billion of commercial real estate transactions throughout the United States, primarily involving net leased properties. His recent transactions include over $500 million in sale-leasebacks with public companies, such as Rite Aid, Pep Boys and Fleetwood Enterprises.Close
Gorman & Miller
He has extensive experience in bankruptcy, commercial, and personal litigation. He has litigated in California state... | Read More
He has extensive experience in bankruptcy, commercial, and personal litigation. He has litigated in California state courts, federal district courts, and federal bankruptcy courts. His practice includes representing clients in general business litigation and in business and personal tort litigation. He also has substantial experience representing debtors and secured creditors in chapter 11 cases.Close
David K. Gottlieb
He is in charge of the firm’s Bankruptcy Insolvency Services practice in Los Angeles. He has served as a chapter... | Read More
He is in charge of the firm’s Bankruptcy Insolvency Services practice in Los Angeles. He has served as a chapter 7 panel trustee in the Central District of California since 1995. He has been appointed as chapter 11 trustee and chapter 11 examiner, and acts as accountant and financial advisor to other fiduciaries, debtors in possession, official unsecured creditor committees, and other parties in bankruptcy and insolvency matters. He is a member of the American Institute of Certified Public Accountants, the Association of Certified Fraud Examiners, the Litigation Support Committee for the California Society of CPAs, the National Association of Bankruptcy Trustees, the American Bankruptcy Institute, and the Los Angeles Bankruptcy Forum.Close