Lawyers

  Some Updated Information on Post-Pandemic Foreclosure Defenses If you live in New York, you may be confused with all the changing rules affecting foreclosures during and after the pandemic. If you’re going through the foreclosure process, here is some information you should know about possible foreclosure defenses. What Happened to Foreclosure Procedures During the Moratorium? During the height of the pandemic in the US, all foreclosure cases pretty much stopped in their tracks. The CARES (Coronavirus, Aid, Relief, and Economic Security) Act helped keep homeowners with federally backed mortgages from being foreclosed upon during the worst of the COVID-19 pandemic, and those with private mortgages were helped by most of the court systems shutting down and then dealing with a multi-year backlog. Even once the federal foreclosure moratorium expired (in the Fall of 2021), New York state extended its moratorium until this past January 15, 2022. What was AO262/21? ...

What are Contested Bankruptcy Motions?  Chapter 11 cases seldom run as expected and without any problem. Assuming that you live in New York and are going to go through the liquidation cycle, here is something to have to be aware. At the point when the Courts Need to Step In While a significant part of the liquidation cycle is regulatory (took care of by a chapter 11 legal administrator), you can wind up before an appointed authority for various reasons (which is the reason having the right insolvency lawyer is so significant). Assuming there are any worries that something deceitful is going on, you might end up in an Adversary Proceeding , which is taken care of in simultaneousness with your chapter 11 case.. If not, you might end up managing Contested Motions. The contrast between the two include: Contested Motions Adversary Proceeding Usually are routine matters that come up in regular bankruptcy proceedings Non-routine, serious matters including charges of f...