To recap the status of the bankruptcy exemption bills: The Assembly and Senate passed S. 7034A, the major bill updating bankruptcy and judgment exemptions in New York, in June, but the bill has not been sent to the Governor. When New York City objected to extending...
In a case out of The Bronx, a bankruptcy judge refused to allow the mortgage servicer to proceed with foreclosure. In re Mims (Bankr. SDNY Bk 10-14030; Judge Glenn; decision Oct. 27, 2010; decision attached below). Wells Fargo moved the bankruptcy court for permission...
Ever since early August, the New York bill updating and expanding bankruptcy and judgment debtor exemptions in new York has been on hold (see Blogs Aug. 13 & Aug. 18). As previously reported, New York City objected to the motor vehicle exemption being applied to...
For some time now the Chapter 7 trustees in the Rochester Bankruptcy Court have been encouraged, by the Court, the United States Trustee and by their own pecuniary interests, to administer miscellaneous marginal unexempt assets in asset cases. For example, if a debtor...
The Federal Courts have created a fascinating county-by-county map of per-capita bankruptcy filings in the United States over the past five years. The intensity of bankruptcy filings is indicated by color. By clicking different years, you instantly see the rise - or...