Bill
Bill > S00290
NY S00290
NY S00290Exempts a debtor's interest in his or her rent-stabilized lease from bankruptcy proceedings.
summary
Introduced
01/06/2021
01/06/2021
In Committee
03/02/2021
03/02/2021
Crossed Over
06/02/2021
06/02/2021
Passed
10/13/2021
10/13/2021
Dead
Signed/Enacted/Adopted
10/22/2021
10/22/2021
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to amend the debtor and creditor law, in relation to exempting a debtor's interest in his or her rent-stabilized lease from bankruptcy proceedings
AI Summary
This bill amends the Debtor and Creditor Law to exempt a debtor's interest in their rent-stabilized lease from bankruptcy proceedings. This means that a debtor's right to their rent-stabilized apartment would be protected and could not be seized or used to pay off debts during bankruptcy. The bill is intended to help New Yorkers who are facing financial difficulties to maintain their stable and affordable housing even if they have to file for bankruptcy.
Committee Categories
Justice
Sponsors (2)
Last Action
APPROVAL MEMO.24 (on 10/25/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S290 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S00290&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00290 |
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