13 Jan 2021
Closing the Door on Bankruptcy With Bankruptcy Remote Entities
Your bank client is ready and willing to lend funds as part of a commercial real estate transaction. However, the lender wants to protect against the risk that the borrower subsequently files for bankruptcy and is substantively consolidated with the borrower’s affiliates. You suggest using a bankruptcy remote entity.
Related Content
- Bankruptcy Remoteness in Securitization
Read this practice note for a discussion of using a bankruptcy remote entity to acquire securitized assets. - Borrower as a Single Purpose Entity
Review this practice note for a discussion of a borrower as a single purpose entity. - Non-Consolidation Opinion
Use this form when drafting a non-consolidation opinion. - True Sale Opinion
Use this form when drafting a true sale opinion.
Practical Guidance Updates
Featuring the latest updates in Practical Guidance.
- Individual Chapter 7 Bankruptcy Resource Kit
- Involuntary Conversion Order (Chapter 7 to Chapter 13)
- The Practical Guidance Journal
See how data visualization can help you save time and increase productivity.
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.
Experience Lexis+