Jonathan A. Goodman, Esq. and Karen J. Radakovich, Esq. detail in the article linked below what brokers need to know from general concepts, intended to help real estate brokers understand what they need to know about bankruptcy law.  This is a very extensive article providing insight from the perspective of the broker, sellers, and buyers.  Go to:  http://www.frascona.com/resource/jag_kjr509_bankruptcy_real_estate_brokers.htm