The significance and implications of the rents versus accounts receivable debate in hotel bankruptcies

Article Abstract:

The hotel industry's decline has brought a lending issue to the forefront concerning whether room revenue used to secure loans was protected from the lenders if generated after a bankruptcy filing. Bankruptcy Code section 552(b) gives lenders rights to cash generated postpetition if they have a security interest but bankruptcy cases have maintained that room revenue was not included in the loans' securities. However, this position needs to be reversed by law because it jeopardizes the lenders and the hotels' future lending positions while giving hotels an unearned windfall during bankruptcy.

Cases, Hotels and motels, Debtor and creditor

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An analysis of selling versus renting the old residence

Article Abstract:

The prevailing economic situation and the inactive housing market is, ideally, the most opportune time to purchase a new house. The existing interest rates are lower. Several places offer the best selection of good housing values to the limited purchasers in the market. These factors, however, do not favor the seller since the biggest hindrance to purchasing a new home is not being able to dispose one's present house. It would be advisable to convert an antiquated residence into rental property.

House buying, Home buying, Home ownership

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The litigation implications of MIGs

Article Abstract:

Mortgage indemnity guarantee (MIG) policies are widely used by UK mortgage lenders to partially cover their riskiest loans. The lender requires the borrower to pay the premiums for MIG policies if the loan-to-value ratio is higher than a certain percentage. Some legal uncertainty exists in this area, especially regarding the issue of whether borrowers or third parties, such as solicitors or valuers, can make any claim on the benefits of MIGs.

Mortgage insurance

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