Bill
Bill > A00113
NY A00113
NY A00113Exempts 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
Passed
Dead
12/31/2022
12/31/2022
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 being included in bankruptcy proceedings. This means that a debtor's rent-stabilized lease will be protected and cannot be seized or used to pay off creditors during bankruptcy. The bill aims to help individuals who rely on rent-stabilized housing to maintain their homes even if they file for bankruptcy.
Committee Categories
Justice
Sponsors (6)
N. Nick Perry (D)*,
Charles Barron (D),
Chantel Jackson (D),
Marcela Mitaynes (D),
Rebecca Seawright (D),
Jo Anne Simon (D),
Last Action
substituted by s290 (on 03/10/2021)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/A113 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A00113&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A00113 |
Loading...