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Monday, October 21, 2013

Will rent-stabilized apartments be deemed an asset in bankruptcy cases?

A 79-year-old widow in a rent-stabilized two-bedroom apartment in Manhattan's East Village neighborhood may have to sell her lease to her landlord to pay off her creditors if a federal appeals court denies her appeal of separate rulings by a bankruptcy court and a federal district court.

http://www.inman.com/wire/will-rent-stabilized-apartments-be-deemed-an-asset-in-bankruptcy-cases/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reindustrynews+%28Inman+News+Industry+News%29

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