It's official. The Coronavirus is having economic consequences. Business owners face falling sales. Workers face layoffs or shorter hours. Each of these means less funds to pay bills and expenses.
Until 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.
We're very excited that the "Deal Pipeline" quoted us in Don Lonkevich's article about our successful defense of two involuntary bankruptcy petitions against a publicly traded corporation and its subsidiary.