Submitted by Anonymous (not verified) on Thu, 03/18/2021 - 18:14
In accordance with a bill recently passed by the House, the Chapter 11, Subchapter V Debt Increase from $2,700,00 to $7,500,000 has been extended for another year to March 27, 2022. It was scheduled to expire on March 27, 2021. Now, the bill heads to the Senate where it is expected to pass. If you have any questions regarding Subchapter v please contact Jim Shenwick 212 541 6224 [email protected]
Submitted by Anonymous (not verified) on Thu, 12/03/2020 - 22:51
New York has adopted a new Uniform Voidable Transactions Act (“NYUVTA”), to replace New York State’s existing fraudulent conveyance law, which was over 100 years old.NYUVTA is effective as of April 4, 2020. Transfers that occurred prior to April 4, 2020 are governed by NYS former fraudulent conveyance law.NYUVTA can be found at N.Y. Debt. & Cred.