Month: July 2010

As New York appears to be on the verge of greatly expanding its asset exemptions for bankruptcy and judgment debtors, it is instructive to review where our current exemptions came from. Back in the day, say after the Revolutionary War, collecting from debtors was...

Both the New York Assembly and Senate have passed Bill S. 7034, which expands New York's bankruptcy and judgment debtor asset exemptions. The bill must be signed by the governor; it will then be effective thirty days later. Highlights of the changes are: 1) Motor...