BBA CLE Course Centers on Real Estate Bankruptcies

NEW YORK CITY-Bankruptcies, a sign of the times, continue to keep transactional real estate lawyers busy. A continuing legal education course held at the Brooklyn Bar Association last night shone a light on this practice area.

By Carl Gaines | Updated on May 05, 2011

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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