How to Resolve a Chapter 11 Bankruptcy Involving Distressed Real Estate Assets

Journal of Real Estate Practice and Education, Forthcoming

21 Pages Posted: 22 Jun 2011

See all articles by Dr. Margot Weinstein

Dr. Margot Weinstein

MW Leadership Consultants LLC

David Harrison

Texas Tech University

Michael Seiler

College of William and Mary - Finance

Date Written: June 20, 2011

Abstract

This teaching case provides students with an opportunity to evaluate the best course of action for a firm who just filed for Chapter 11 Bankruptcy protection. The home-builder is already in default on over $20 million in loans. They have homes at various stages of the construction process, and many of the properties are saddled with problems ranging from building code violations to hazardous building conditions. This case allows students to analyze and debate the numerous legal, financial, and ethical issues that are inseparable from a resolution of distressed real estate assets. All information utilized in this case is based on an actual Chapter 11 Bankruptcy proceeding, though the names of all parties involved have been changed for the sake of anonymity.

Keywords: Chapter 11, Bankruptcy, Real estate, Home-Builder

Suggested Citation

Weinstein, Margot B. and Harrison, David and Seiler, Michael, How to Resolve a Chapter 11 Bankruptcy Involving Distressed Real Estate Assets (June 20, 2011). Journal of Real Estate Practice and Education, Forthcoming. Available at SSRN: https://ssrn.com/abstract=1868624

Margot B. Weinstein

MW Leadership Consultants LLC ( email )

1040 N. Lake Shore Drive
34c
Chicago, IL 60611
United States

David Harrison

Texas Tech University ( email )

2500 Broadway
Lubbock, TX 79409
United States

Michael Seiler (Contact Author)

College of William and Mary - Finance ( email )

VA
United States

HOME PAGE: http://mason.wm.edu/faculty/directory/seiler_m.php

Register to save articles to
your library

Register

Paper statistics

Downloads
57
Abstract Views
437
rank
363,688
PlumX Metrics