Seller Via CFD goes into BK - Posted by Chris Anderson

Posted by William Bronchick on January 29, 2002 at 09:43:14:

Depends on whether the BK court consider the CFD an “executory contract” or a mortgage. If the former, the bankruptcy trustee can cancel the contract, If the latter, you are in good shape. Although there is conflicting case law, the trend is for courts to rule the latter.

Seller Via CFD goes into BK - Posted by Chris Anderson

Posted by Chris Anderson on January 29, 2002 at 07:58:49:

I buy a lot of my properties via CFD. The part I am still not clear on is what will likely happen when one of my sellers goes into BK? What are my options to fix if I don’t like the answer?

Thanks,

Chris