Keith Aurzada, a partner and Gwendolyn Godfrey, an associate on the Bankruptcy & Financial Restructuring team co-authored an article entitled, "Foreclosure and Receivers in the Current Liquidity Crisis" which is published in the November edition of The Bankruptcy Strategist. An excerpt from the article is posted below.

"Given the instability in the current real estate market and the significant rise in the number of borrowers defaulting on their mortgages, the topic of foreclosures, regardless of the type, will be the subject of many future discussions and articles. Just a quick review of popular business periodicals reveals the many forces working together to both increase the number of foreclosures and decrease property values. In this climate, many lenders will be assessing their options when it comes to foreclosing on delinquent borrowers."

To read the article in its entirety, please click here.