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Posts tagged "Chapter 7"

Debt Relief for New York Rent-Stabilized Tenants

Debt Relief for New York Rent-Stabilized Tenants By Wayne M. GreenwaldUntil recently, New York State residents with rent stabilized apartments risked losing their homes in bankruptcy. This unhappy state ended in the recent decision, In the Matter of Mary Veronica Santiago-Monteverde. etc., (Santiago-Monteverde.")1 New York State's highest court ruled that rent stabilized leases are "public assistance benefits" which are unavailable to be converted to cash to pay creditors.

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