NYC Rent is Up—And So Are Bankruptcies
New York City rent prices have hit record highs, and it’s causing financial chaos. According to the NYC Rent Guidelines Board, stabilized rents are up significantly, while market-rate units continue to skyrocket. It’s no coincidence that bankruptcy filings are also on the rise. We’re seeing more calls, more cases, and more families on the financial […]
How Bankruptcy Affects Renters and Landlords in New York
If you’re filing bankruptcy as a tenant, you DO have options! And, if you are a landlord and your tenant has notified you of their bankruptcy filing, you have protections. Learn more today.
Rent Stabilization and Bankruptcy in NYC: a Brief History
Rent Stabilization and Bankruptcy in NYC: a Brief History In NYC one of the big topics in Bankruptcy has been trustees selling rent-stabilized leases in Chapter 7 Bankruptcy proceedings. The problem is that once a debtor files for Chapter 7 Bankruptcy relief they don’t have the right to stop the proceedings. If they are eligible […]