New York State extends rental assistance program

NY State will extend the state’s rental assistance program to help New Yorkers struggling to pay their rent. Governor Andrew Cuomo will expand eligibility requirements for rental assistance and tap into federal funds.  NY State appropriated up to $100 million from the federal Cares Act, but because of eligibility requirements, only $40 million in rental aid […]

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New York State Courts Have Resumed Foreclosure Cases

Effective October 23, 2020, all residential and commercial foreclosures may proceed in the New York State Courts. Unfortunately, that means that foreclosure sales will be scheduled to begin soon. If you have a federally-backed mortgage or a Fannie Mae or Freddie Mac mortgage, single-family foreclosures are stayed until December 31, 2020. But remember, the CARES […]

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New York State Eviction Proceedings Have Resumed

Starting October 12, 2020, the NYS courts allowed all landlord-tenant proceedings to resume. Court conferences are also taking place. If you are experiencing a COVID-19 related hardship, you may present this to the court as a defense against eviction under the NY eviction moratorium and the New York State Safe Harbor Act. Rent is still […]

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Your Stimulus Check, Bankruptcy and the IRS

The federal stimulus package, which is also called the CARES Act, directs the IRS to send you a stimulus check. Under the CARES Act, your stimulus check is specifically exempt from being counted as income in your Bankruptcy case. However, once you file a Bankruptcy case, the expectation of your stimulus check and the actual […]

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