Wednesday, April 25, 2007

Bankruptcy Boom Expected - RE opportunities abound

Seeing this post from Mario Panedo's Bay Area Investment Blog about leases and sales of properties from bankrupt companies reminded me that law firms are gearing up for an expected increase in restructuring and bankruptcy. (Tell the 13000+ Dow that.)

BK is a great opportunity to buy properties on the cheap. My clients have made some major coin doing so. But there's risk, and title and due diligence issues often abound, and you just cannot go into a deal blindly. But if done right, sky's the limit. It is also a profitable but riskier area for dirt lawyers, who have to be careful in guiding clients through the morass.