Strategic Bankruptcy Considerations for Distressed Real Estate in the COVID-19 Era
1h 1m
Created on May 17, 2021
Intermediate
Overview
In the COVID-19 era, bankruptcy practitioners must account for the pandemic's impact upon established strategies utilized by both creditors and debtors to optimize outcomes concerning distressed real estate assets. However, many attorneys remain unaware of the COVID-19 implications on conventional bankruptcy practices.
This course will provide a brief overview of traditional bankruptcy approaches used by creditors and debtors, then explore some of the key issues that arise that typically arise in a bankruptcy case and how they may be affected by COVID-19, including the automatic stay, single asset real estate considerations, cash collateral, asset sales, disclosure statements, plans reorganization and litigation concerns.
This program will benefit both creditors' and debtors' counsel by closing the gap between traditional bankruptcy strategies and COVID-19 concerns.
Learning Objectives:
- Analyze common issues arising bankruptcy cases involving distressed real estate assets
- Identify traditionally bankruptcy strategies/methods utilized by creditors and debtors
- Examine the impact of COVID-19 on conventional bankruptcy practices
Faculty
Stuart L. Kossar
Associate | Norris McLaughlin, PA
Stuart L. Kossar has extensive knowledge of bankruptcy reorganization and litigation matters and regularly represents secured and unsecured creditors in Chapter 7, 11, and 13 bankruptcy proceedings. He has experience resolving lender liability issues as well as managing adversary proceedings, sanctions issues, claims objections and bankruptcy appeals.
Additionally, Stuart represents financial institutions, private investors, businesses, and individuals in all aspects of complex commercial litigation from pleading through appeals across a wide range of disputes. He has experience litigating on behalf of his clients in a range of real estate matters, including contested and uncontested commercial and residential foreclosures, landlord-tenant claims, lender liability claims, real estate litigation, commercial litigation, and appeals.
Prior to joining Norris McLaughlin, Stuart was a bankruptcy litigation associate at a commercial real estate firm in New York where he worked on bankruptcy matters from inception to conclusion and assisted clients as they prepared for trial, counseling individuals and institutional clients on litigation strategies.
Stuart earned his J.D. from Albany Law School and received his B.A. in History & International Relations from Lehigh University. He a member of the New York State Bar Association and the American Bankruptcy Institute and is an appointed member of the Mediation Panel for the U.S. Bankruptcy Court of the Eastern District of New York. Stuart is also a faculty member for Lawline and regularly speaks on bankruptcy topics of interest to other bankruptcy professionals.
Outside of his practice, Stuart spends his time serving as the head coach of a girls’ soccer team in his hometown.
Bar Admissions
New York
U.S. District Court Southern District of New York
U.S. District Court Eastern District of New York
Education
Lehigh University, Bethlehem, Pennsylvania
B.A. – 2004 (with honors)
Albany Law School of Union University
J.D. – 2007
Areas of practice
- Bankruptcy
- Creditors’ Rights
- Financial Restructuring
Professional Affiliations
- New York State Bar Association
- American Bankruptcy Institute Mediation Committee, Member
- Eastern District of New York, Bankruptcy Court Mediator
- Lawline, Faculty member
Reviews
Recent Reviews
While the covid impact has ameliorated, the principles taught in the course for real estate bankruptcies are of continuing relevance as we deal with the long term economic after effects of the pandemic.
Very informative.
useful for advising clients
Course is very timely and provided much needed insights!
Very well done.
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