Wednesday, Feb 24 2010

According to recent news reports, U.S. office vacancies are at a five-year high, apartment vacancies are at a 23-year record, and retail centers are showing the greatest share of empty store-fronts since 1992. All this unused space makes it difficult for owners to pay their mortgagees. This seminar will prepare the bar and other real estate professionals for the expected demand for professionals who are able to provide counsel with regard to the workout and restructuring of distressed properties. This program will provide skills you can bring to the table to most effectively represent clients during the current phase of the business cycle.

The panel will begin by discussing the distressed mortgage and other loans made during the past few years to finance commercial real estate ventures. Speakers will address all phases of the process for the disposition of such distressed real estate, including pre-workout matters, the consensual workouts, foreclosure, and bankruptcy.

Later, issues regarding the workout of commercial leases, including those for office, retail, and other similar interests will be addressed. Our speakers will pay particular attention to the negotiation and drafting of consensual lease modification and early termination agreements, as well as post-default and bankruptcy matters.

Program Chair: Ira L. Herman, Bankruptcy & Creditors' Rights, Thompson & Knight LLP

Sponsoring Association Committee: Real Property Law, Melvyn H. Halper, Chair

New York & California Credit: 3.0 credits total: 2.0 skills & 1.0 professional practice. This live program provides New York & California transitional/non-transitional credit to all attorneys.

Illinois Credit: 2.75 general MCLE credits.

Walk-in for Course
Member: $ 240.00   Member: $ 240.00  
Nonmember: $ 350.00   Nonmember: $ 350.00  
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Course Material
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