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  • 13 minutes

Bankruptcy Considerations and Miscellaneous Clauses


Avoid Preferences

Loan modifications may require additional guarantors, additional collateral, or previously granted security interests to be properly perfected. If a bankruptcy is filed within 90 days of the loan modification, such additional rights may be set aside as a “preference,” unless the lender’s forbearance is deemed sufficient to be a concurrent exchange of new value. This video reviews different bankruptcy considerations and miscellaneous clauses.

Runtime: 13 minutes
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Peter T. Roach, Esq.

Peter T. Roach, Esq.

Roach & Lin, P.C.

  • Principal at Roach & Lin, P.C. in Syosset, New York
  • Practices in all areas of mortgage default servicing, including forclosure, loss mitigation, bankruptcy, litigation, evictions and REO sales throughout the entire state of New York
  • Served as an Adjunct Professor of Law at St. John’s University School of Law, teaching a variety of courses including real estate finance, real estate drafting, and title insurance
  • Member of numerous professional and civic organizations
  • Frequent speaker and has written numerous publications
  • J.D. degree, St. John’s University, School of Law; B.A. degree, State University of New York at Binghamton
  • Can be contacted at 516-938-3100 ext. 318 or [email protected]
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