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GCAAR

Greater Capital Area Association of Realtors®

Nov 09

Basics of RE Bankruptcy

CE

1.5 ELECTIVE HOURS for DC, Maryland and 1.0 ELECTIVE hour for Virginia. Single asset real estate debtors are subject to special provisions of the Bankruptcy Code. The term "single asset real estate" is defined as "a single property or project, other than residential real property with fewer than four residential units, which generates substantially all of the gross income of a debtor who is not a family farmer and on which no substantial business is being conducted by a debtor other than the business of operating the real property and activities incidental." 11 U.S.C. § 101(51B). The Bankruptcy Code provides circumstances under which creditors of a single asset real estate debtor may obtain relief from the automatic stay which are not available to creditors in ordinary bankruptcy cases.

GCAAR - Rockville: 15201 Diamondback Dr

Rockville, MD 20850
01:30 PM - 03:00 PM
  • Member $25.00 / $10.00 before 11/7/2018
  • Non-Member $25.00 / $10.00 before 11/7/2018