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When real estate projects become insolvent

Friday, April 28, 2017 @ 8:47 AM | By Daniel Weisz and Arif Dhanani

This is the first of a series of three articles that address issues when a real property developer becomes insolvent.

The articles will discuss: remedies available to the various stakeholders including the developer, its secured lender(s) and any lien claimants; the different interests and objectives of stakeholders in an insolvency scenario; and managing the insolvency of the insolvent developer taking the above into account.

When a developer realizes that it does not have sufficient funds to either complete a project and/or to pay existing creditors, it...