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Real Estate Property taxes are often a major issue that drives a debtor into chapter 13 and perhaps 7. The various states and municipalities have may different ways to collect the taxes, including the opportunity to sell the taxes to a buyer who can ultimately obtain title to the property for payment of those taxes. This session would be a discussion of common issues faced by debtors, municipalities and courts around the country regarding the payment and collection of these taxes.

Judge Harner's recent Cleary Packaging opinion is a good illustration of how amorphous some of the jurisprudence on new value is after 203 N. LaSalle. This is a topic that practitioners need to know well in a contested non-sub v confirmation hearing. A survey of what works and what doesn't could be very helpful.

This panel would provide an overview of valuation issues in bankruptcy cases. I would expect that the panelists (all non-attorneys, but maybe one judge) would discuss purposes, standards, and fair market valuation; plus, premises of value, going-concern value, liquidation value; and also market based, income, and asset based approaches to valuation.