Single asset real estate bankruptcy—where a debtor would file an 11th hour bankruptcy to stave off a foreclosure on a property—has evolved over the last 15 years, in light of changing legislation.

In this podcast, Leonard, Street and Deinard shareholder Robert Kugler provides an overview of single-asset real estate bankruptcy, how the laws governing the situation have changed and what lenders should be aware of when a debtor may be considering bankruptcy.