Chip Ford presented a panel on May 17 as part of the North Carolina Bar Association's 2024 Real Property Section annual meeting in Asheville. 

Chip discussed how an increase in financial distress in the marketplace and a corresponding rise in bankruptcy filings nationwide has meant commercial landlords are facing heightened risk that their tenants may file for bankruptcy. Chip provided insight into how this can alter the landlord/tenant relationship in significant and often unforeseen ways, especially if the bankrupt tenant wishes to remain in possession of the leased premises or monetize the lease.

Chip discussed bankruptcy basics pertinent to commercial landlords, the respective rights and obligations imposed on landlords and tenants under federal bankruptcy law, and what steps can be taken by a commercial landlord in order to minimize the financial impact of a tenant's bankruptcy filing.

This year's annual meeting also included Parker Poe attorneys discussing due diligence pitfalls and real estate fund formation and management.

The NCBA's Real Property Section deals with numerous issues affecting real property practice in North Carolina.