Our property litigation team is regularly called on to provide advice to and representation for landlords tenants and insolvency practitioners concerning a wide range of contentious property related insolvency issues for landlords we can advise on how best to deal with an insolvent tenant this . The law and practice surrounding insolvency in the real estate sector is complex and the aim of this article is to highlight some of the main issues in connection with two areas acquiring property from an insolvent seller and tenant insolvency. Property insolvency can be an incredibly complex and opaque process that demands specialist knowledge and a thorough understanding of insolvency law and regulation this is particularly true when the effect which the current economic climate has had on property markets is considered. Example 1 qualified real property business indebtedness and insolvency with reduction in basis in 2012 curt bought a retail store for use in a business he operated as a sole proprietorship curt made a 20000 down payment and financed the remaining 200000 of the purchase price with a bank loan the bank loan was a recourse loan and was . Restructuring insolvency analysis following publication of the work and pensions and business innovation and skills committees report on the collapse of british home stores ian defty insolvency practitioner at ddj insolvency limited considers what lessons can be learnt
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