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Emerging Issues: Residential PACE Loans and Bankruptcy

February 14, 2018

Property Assessed Clean Energy (PACE) loan programs nationwide attest to the desirability of energy efficiency improvements as a matter of public policy because the loans require municipal participation through a real estate assessment process. However, the programs are not without issues.

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Supreme Court Narrowly Interprets the Safe Harbor, Overrules the Majority of Circuits
Supreme Court Narrowly Interprets the Safe Harbor, Overrules the Majority of Circuits

Intermediate transfers to financial institutions do not trigger the safe harbor.

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Reinbold v. Thorpe (In re Thorpe)
Reinbold v. Thorpe (In re Thorpe)

Under the Illinois law, each spouse is vested with independent contingent interests in marital property whe...

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