Bankruptcy for Real Estate Owners
Bankruptcy for Real Estate Investors & LandlordsWith the state of the economy, apartment complexes, commercial real estate companies, construction and development firms, and residential home investors are increasingly finding themselves in an untenable financial situation. Accounts receivables become delinquent as tenants and business partners suffer, in turn making it increasingly difficult to meet the demands of your company’s creditors.
The Liviakis Law Firm is ready to help resolve your real estate investment financial difficulties. Our Sacramento law firm has a unique focus on guiding real estate corporations through Chapter 11 bankruptcy. To learn more about your options for debt relief contact our Sacramento real estate bankruptcy attorneys for a free initial consultation.
Citrus Heights, CA Attorney, Representing Real Estate Development EntitiesChapter 11 bankruptcy involves a significant amount of responsibility after filing, including:
- Monthly reporting to account for all expenditures
- Payment of quarterly fees
- Court approval to make major financial decisions that are outside of the ordinary course of business
Despite this additional accountability, filing for Chapter 11 bankruptcy is ideal for real estate investors, developers and commercial landlords, as it provides the necessary time and framework to protect your investments from temporary financial difficulties — there are fewer time limits and more flexibility without a bankruptcy court trustee.
Importantly, through Chapter 11, you are also able to maintain a substantial amount of control over the sale of your property, with the primary goal of maximizing profit, instead of being forced to sell to pay creditors.