A Rent Stabilized Lease May be Sold by a Bankruptcy Trustee

Bankruptcy Judge James Peck of the Southern District held recently in re: Mary Veronica Santiago-Monteverde, Debtor, 11-15494 that the value of a rent stabilized lease may be liquidated by a bankruptcy trustee. The Court disagreed with the debtor that the value was excludable under NY law as a “public assistance benefit.” The trustee plans to sell the lease to the building’s owner.

Add a comment

Type the following characters: hotel, niner, hotel, whisky

* Indicates a required field.

Subscribe

Recent Posts

Contributors

Archives

Jump to Page

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.