A Prepackaged Bankruptcy Could Be the Answer to a Mortgage Default

This article discusses the value of prepackaged bankruptcy as an alternative route for addressing commercial mortgage defaults in high tax jurisdictions.

9 minute readJuly 01, 2024 at 12:07 AM
By
Timothy Little, Scott Vetri, Julie Lee
Peter Siddiqui
A Prepackaged Bankruptcy Could Be the Answer to a Mortgage Default

Chapter 11 bankruptcy has long been thought of as anathema to commercial real estate (CRE) lenders. This is due to the debtor-friendly bankruptcy forum, particularly with respect to (i) the

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