IREM members have had experience on both sides of the bankruptcy issue as owners/managers who have lost substantial income from tenants who have misused bankruptcy law to avoid paying their rent and occasionally as bankruptees who need time to reorganize their property. This gives property managers a unique perspective on bankruptcy issues. Bankruptcy legislation now before Congress would provide relief from abuse of the bankruptcy code to avoid rent and condominium assessment fees and would remove the $4 million cap on single asset bankruptcies, and would help relieve some of the uncertainties surrounding shopping center tenants who declare bankruptcy.

Bankruptcy Reform News Updates - Find out about the latest developments pertaining to bankrupty reform.

Statements of Policy
Bankruptcy Law
Single Asset Bankruptcy
Bankruptcy (Shopping Center Protections)