Five Important Things To Know If Your Retail Tenant Is Insolvent

While many landlords know what to do if their tenant is in default or likely insolvent, in our experience, once that tenant starts a bankruptcy or other insolvency process many landlords feel there is little they can do. Afraid to throw good money after bad, landlords often elect not to retain counsel and instead sit on their hands in frustration, not knowing that a more active approach could get them better results. However, experienced bankruptcy and insolvency counsel can do much more for a landlord than just help it fill out a proof of claim form. Here are just five of the many reasons why retaining experienced bankruptcy and insolvency counsel can make a big difference.

1. All Bankruptcies are not Created Equal