ABA Lawyers to Help New Yorkers Facing Bankruptcy, Foreclosure and Issues Related to Distressed Properties

ABA Lawyers to Help New Yorkers Facing Bankruptcy, Foreclosure and Issues Related to Distressed Properties

WASHINGTON, DC – January 4, 2012 – (RealEstateRama) — The growing rate of foreclosures and bankruptcies hits particularly hard in minority communities, where individuals who need help often have limited access to resources.

The American Bar Association’s Section of Real Property, Trust and Estate Law is addressing these issues by offering legal training that can help lawyers provide pro bono representation for tenants living in properties on the verge of foreclosure, owners who may face bankruptcy proceedings and lenders holding mortgage debt.

WHO:
The American Bar Association’s Section of Real Property, Trust and Estate Law

WHAT:
Community Outreach Program: The Bankruptcy Code’s Effect on Mortgages and Leases

WHEN:

Jan. 9 – Mar. 12
Monday evenings, 6:30 – 8:55 p.m.

WHERE:
First American Title Insurance Company
633 Third Avenue
New York, NY

Guest speakers will review the structure of the bankruptcy code, pre-bankruptcy planning, the rights of mortgagors and mortgagees, avoidance actions, bankruptcy remote structuring, unexpired leases and executory contracts.

Highlights include:

“How Chapter 13 Works” – Who is eligible?  How does bankruptcy affect stays on collections, creditors and co-debtors?  What are the federal income tax consequences?
Feb. 6

“Rights of Mortgagors and Mortgagees Under Chapter 11” – How does Chapter 11 work? How can businesses apply for and receive credit?  What do companies need to know about reorganizations and post-confirmation issues?
Feb. 13

Additional information as well as a link to the full programming agenda can be found here.

There is no charge for media covering this event.  For media credentialing please contact Maria Gutierrez at 202-662-1091 or ">.=

With nearly 400,000 members, the American Bar Association is the largest voluntary professional membership organization in the world.  As the national voice of the legal profession, the ABA works to improve the administration of justice, promotes programs that assist lawyers and judges in their work, accredits law schools, provides continuing legal education, and works to build public understanding around the world of the importance of the rule of law.

Media Contact:
Maria Gutierrez
Phone: 202-662-1091
Email:

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