Single-asset real estate filings fast-track bankruptcy reorganizations giving distressed borrowers 90 days to come up with a loan restructuring plan that the lender may not like.
L-R: Luis Salazar of Salazar Law, Joseph Pack of Pack Law and Aleida Martinez-Molina of Weiss Serota Helfman Cole & Bierman. Courtesy photosA wrinkle in real estate bankruptcy law leaves an opening for property owners in tough times, which may feed an expected spike in bankruptcy filings.