NEW YORK CITY-Wednesday night in the wood-paneled meeting hall at the Brooklyn Bar Association, roughly 30 lawyers showed up for a continuing legal education course on real estate law–specifically unusual issues encountered while practicing in this area. The discussion centered on Chapter 11 bankruptcy and debtor-in-possession financings.

Spencer Compton, SVP and special counsel at First American Title Insurance Co., took the group through the intricacies of these transactions. This included why they are attractive to work on in the first place. “There is often a profit to be made, and it’s really a very entrepreneurial decision,” Compton said of structuring DIP financing.

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