The Insanity of the Foreclosure Process in New York
Despite all the hysteria in the news media about govt programs designed to stem the wave of foreclosures, here, on Earth, nothing seems to be working. To the contrary, we’re getting more calls than...
View ArticleRich Dad, Poor Dad, Bankrupt Dad
A few days ago it was reported that Rich Global, a company founded by Robert Kiyosaki, the author of numerous best sellers on personal finance, filed for Chapter 7 Bankruptcy. According to reports,...
View ArticleRabbi & Wife Lie, doesn’t receive Chapter 7 Bankruptcy Discharge
Any New York Bankruptcy Lawyer will tell you that, at least once (likely more), a client has said “Let’s not list this. Who’s going to know?” #1-List it. You have an obligation to do so. #2-The...
View ArticleCourt sides with Homeowner in Foreclosure; Homeowner loses
Recently, Courts in New York have been slamming banks who come to foreclosure conferences and aren’t ready or are unwilling to engage in good faith settlement negotiations. But they’re not doing...
View ArticleThe Note & NY foreclosure defenses
Just as I posted a blog yesterday on foreclosure, the Supreme Court, Kings County just came down with a decision that denied a banks motion for Summary Judgment in a foreclosure action. In the present...
View ArticleYou’re a nervous wreck that’s scared of Bankruptcy
You’ve come into my office, nervous, panic stricken and sleepless. You have no idea where to go from here. You know you’re stuck in a hole and have essentially no way out but the sheer prospect of...
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Why you should never become a co-signer
“Dear Gershy: I’m in a bit of a situation. I go to a synagogue and got to know the Rabbi there. I thought he was a wonderful man. As the weeks and months wen’t on, I learned more and more about...
View ArticlePre-foreclosure in New York City
There are just a ton of foreclosures in New York. Yes, still. But you can’t just look at the foreclosure numbers on their own. The important figures are the pre-foreclosures ones. The...
View ArticleNYC Chapter 7 Trustees and Abuse
The New York Law Journal recently posted a story where two per diem attorneys in New York City filed complaints against Chapter 7 Trustees for abuse of debtors. One of the debtors, the story...
View ArticleNYC Real Estate and eating rich people
My job is to represent potential purchasers and sellers in Real Estate closings in New York City. It’s pretty cut and dry. I have no idea where the market is going (although clients always ask me,...
View ArticleUnemployment, Bankruptcy and a call for help
The New York Times describes, in bitter detail, the plight of a Medical Billings Analyst who worked at St. Vincents for more than 20 years until she was recently laid off when St. Vincents filed for...
View ArticleForeclosure & Bankruptcy in NY
When you’re hit with a foreclosure notice in New York City, it turns your world upside down. You will likely think back to the day you acquired the property as a smart investment or a place where you...
View ArticleMF Global and the Cab Driver who drove me to Manhattan
Last week, as most of you heard, MF Global, a major holding company for broker-dealers, ended up going belly up, with questions now being raised as to whether or not there was major fraud occuring....
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