What Property Can be Included In Single Asset Real Estate Bankruptcy?
Typically most single asset real estate bankruptcy cases will include property that is a business, commercial building, vacant piece of commercial or multi-unit residential property or a rental type of property such as condos or apartments. The asset, which in this case is the property and building, is responsible for making the money to pay for itself. In general cases the property in bankruptcy is owned by a corporation, partnership or limited liability company but it can also be owned by a private individual under specific conditions.
