The significance and implications of the rents versus accounts receivable debate in hotel bankruptcies
Article Abstract:
The hotel industry's decline has brought a lending issue to the forefront concerning whether room revenue used to secure loans was protected from the lenders if generated after a bankruptcy filing. Bankruptcy Code section 552(b) gives lenders rights to cash generated postpetition if they have a security interest but bankruptcy cases have maintained that room revenue was not included in the loans' securities. However, this position needs to be reversed by law because it jeopardizes the lenders and the hotels' future lending positions while giving hotels an unearned windfall during bankruptcy.
Publication Name: Real Estate Law Journal
Subject: Real estate industry
ISSN: 0048-6868
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
An analysis of selling versus renting the old residence
Article Abstract:
The prevailing economic situation and the inactive housing market is, ideally, the most opportune time to purchase a new house. The existing interest rates are lower. Several places offer the best selection of good housing values to the limited purchasers in the market. These factors, however, do not favor the seller since the biggest hindrance to purchasing a new home is not being able to dispose one's present house. It would be advisable to convert an antiquated residence into rental property.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
The litigation implications of MIGs
Article Abstract:
Mortgage indemnity guarantee (MIG) policies are widely used by UK mortgage lenders to partially cover their riskiest loans. The lender requires the borrower to pay the premiums for MIG policies if the loan-to-value ratio is higher than a certain percentage. Some legal uncertainty exists in this area, especially regarding the issue of whether borrowers or third parties, such as solicitors or valuers, can make any claim on the benefits of MIGs.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Leasing as a lottery: implications for rational building surges and increasing vacancies. The fractal structure of real estate investment trust returns: the search for evidence of market segmentation and nonlinear dependency
- Abstracts: The seven best industries for foreign investors in Mexico. Limitations on the Service's summons power examined in the context of foreign-owned corporations
- Abstracts: National Machinery: back from the brink. Private builders back on the starting blocks. Passing back the cost of your Superfund cleanup
- Abstracts: Treatment of land preparation costs in a low-income housing tax credit development. Tax ideas
- Abstracts: The North of England: from ships to chips. North Star BHP Steel: how to build a world-class work force. Blocked by the old chips