The pandemic and its enormous global impact clearly demonstrate the latent volatility of hospitality real estate. The lodging industry is perhaps the most labor capital-intensive sector of real estate, and it is unequivocally being stressed by the pandemic. National U.S.
Committees
When selling significant assets in chapter 11, more often than not debtors and their professionals proceed with a stalking-horse bid. On occasion, however, we do see assets valued at $100+ million on the auction block without a stalking-horse bid. One such example is the currently pending chapter 11 case of In re Wardman Hotel Owner LLC (the debtor), pending in the U.S.
Hello, Commercial and Regulatory Law Committee members! As you might have noticed, our committee’s leadership has changed quite a bit, so we thought we would take a moment to introduce ourselves.
On October 27, 2021, at 12:00 noon EDT, the Commercial and Regulatory Law Committee hosted a webinar, “CFPB Mortgage Servicing Regulations and Their Effects on Bankruptcy: An Update.” The panelists discussed the background and scope of the latest mortgage-servicing regulations promulgated by the Consumer Financial Protection Bureau (CFPB), and how they impact your day-to-day ba
“One pill makes you larger
And one pill makes you small….”
— “White Rabbit” by Jefferson Airplane
An oversecured creditor is generally entitled to post-petition interest, to the extent provided for under a loan agreement, as a part of its secured claim in a bankruptcy case.[1] However, courts are split as to (1) whether or not the same applies to interest incurred at a contracted d
A little wheel is spinning on this exiting-the-pandemic thing. Many stops and starts. In person vs. Zoom. However, our committee will continue to plow forward with mediating in challenging times. Bankruptcy and mediation are continually changing, and our committee adapts accordingly with insightful programs, best practices and information.
Time and timing permeate all aspects of the mediation process, including:
Through a preference claim, a debtor or trustee seeks to recover, subject to certain creditor defenses, payments that a trade creditor received within the 90-day period prior to a bankruptcy filing. Preference claims have always been an unfortunate reality for trade creditors.
As co-chairs, we thank all of the members of ABI’s International Committee for their continued support and involvement with the committee during this pandemic-dominated year.
