• Strategy for the Secured Creditor in a Single Asset Real Estate Case
  • September 15, 2009 | Author: William M. Hawkins
  • Law Firm: Loeb & Loeb LLP - New York Office
  • In this article, William Hawkins examines Bankruptcy Code ยง 362(d)(3), which provides unique grounds for relief from the automatic stay in bankruptcy by permitting a creditor secured by a debtor's "single asset real estate" to pursue an act against the property as early as 90 days after the case's filing. He discusses how to take full advantage of this provision, however, also warns that secured creditors should carefully manage the dual time frames set forth in this Bankruptcy Code section.