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The Bankruptcy Times They Are Changing: Real Estate Developers Beware | New York Law Journal

If a tenant or property manager/owner ends a fixed term agreement before the end date without grounds (i.e. without sufficient reason) they are breaking the agreement. This is also known as breaking the lease. A tenant cannot be made to leave the property during a fixed term agreement without an.

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With all of the real estate development currently going on in our five boroughs, bankruptcy judge Michael E. Wiles’ recent decision in In re To paraphrase the famous Dylan song, "the bankruptcy times they are changing." I have been practicing bankruptcy law in New York City since 1989.

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Learn About The Law. Real Estate Law. Landlord Tenant Law. In 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act changed the prior law. The landlord can now evict a tenant, regardless of an automatic stay, if the landlord had a court-ordered judgment for possession prior to.

In Chapter 7 bankruptcy, you must turn over all of the property you can’t protect with an exemption-called nonexempt assets-to the Chapter 7 bankruptcy trustee. The trustee will sell them and divide the proceeds amongst your creditors.

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Considering going into real estate part-time? She wrote real estate articles for Mother Nature Network, the Daily Report, and Atlanta Journal-Constitution. She also reported for the New york daily news, WebMD, and Adweek with stories picked up by the Huffington Post, Forbes, USA Today, and.

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