Background Note | HBS Case Collection | June 2004 (Revised April 2005)

Chapter 11 Bankruptcy Law in Real Estate

by Arthur I Segel, Jeff Mandelbaum and Armen Panossian


Begins with a brief overview of the bankruptcy process, discussing key debtor protections and the administration of claims against the estate. Discusses the treatment of bankruptcies filed by property owners. Also summarizes the tenant's bankruptcy protections and powers relating to the creditor-landlord. Ends with a brief comparison of international bankruptcy regimes.

Keywords: Insolvency and Bankruptcy; Real Estate Industry;


Segel, Arthur I., Jeff Mandelbaum, and Armen Panossian. "Chapter 11 Bankruptcy Law in Real Estate." Harvard Business School Background Note 804-194, June 2004. (Revised April 2005.)