S. 256’s (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Impact on Real Estate
R. Dale Ginter
At this time, S. 256 has passed the Senate and is scheduled for consideration by the House the week of April 4, 2005. Hence, further changes to S. 256 or its failure to become law are still possible.
Changes to the Bankruptcy Code’s treatment of real estate are not the primary focus of S. 256. Nevertheless, S. 256 has numerous (21 by the author’s count and possibly more) provisions that relate to real estate transactions under the Bankruptcy Code.
Committee Agenda for Annual Spring Meeting
The Real Estate Committee’s CLE session at the 2005 Annual Spring Meeting will be held on Sat., April 30 at 8:00 a.m. The topic will be “Marketing Real Estate and Brokerage Commissions in Bankruptcy.” Speakers will include Biff Ruttenberg of Atlas Partners and a Bordwin (to be named later) from Keene Realty. CLE materials will be handed out at the session. This exciting program will have a business emphasis.