LEGAL GUIDE
Written by attorney Barbie Dawn Lieber | Jun 5, 2014

Will I lose My Rent Stabilized Apartment in a Chapter 7 Bankruptcy in NYC?

The Court of Appeals for the Second Circuit ruled in March 2015 that a rent stabilized leases should be considered "local public assistance benefit, " similar to social security and as such, not an asset that a trustee can sell in a bankruptcy for the benefit of creditors.

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