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]

Congratulations, you received and accepted an offer to sell your house! Before you can collect the proceeds of your sale, you must close the real estate transaction.

A real estate closing is the transfer of property ownership from the seller to the buyer. This complicated process has many steps and procedural formalities that make up the closing timeline. On average, it takes 30-60 days from when an offer is accepted until the transaction is complete.

Congratulations, you received and accepted an offer to sell your house! Before you can collect the proceeds of your sale, you must close the real estate transaction.

A real estate closing is the transfer of property ownership from the seller to the buyer. This complicated process has many steps and procedural formalities that make up the closing timeline. On average, it takes 30-60 days from when an offer is accepted until the transaction is complete.

This article originally appeared in Jalopnik. A link to the article is below.

https://jalopnik.com/a-simple-guide-to-how-nyc-is-screwing-up-giving-deb...

A Simple Guide To How NYC Is Screwing Up Giving Debt Forgiveness To Taxi Drivers

Raphael Orlove

Every individual’s financial condition is different from each other. Struggling with debt and financial problems is complicated. Choosing whether to file for bankruptcy and learning how to file is likewise not an easy decision to make. To decide if bankruptcy is the right option for you, you should consult with Washington & Oregon bankruptcy attorneys. 

Protection of Stimulus Payments from a Bankruptcy Trustee
The following is from the NCLC Consumer Law Implications of the American Recovery Plan Act

You have a reverse mortgage: Know your rights and responsibilities

Nebraska bankruptcy attorney Patrick Patino and had a great conversation about the hot topic of bifurcated chapter 7 fees in Nebraska.
In a traditional chapter 7 case all fees must be paid before a case is filed.  Why? Because unpaid attorney fees are wiped out once a case is filed so attorneys demand that all fees be paid BEFORE a case is filed.