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NY S03137

Bill

Official Source

Status

Introduced

2/4/2019

Primary Sponsor

Zellnor Myrie

Click for details

Origin

Senate

2019-2020 General Assembly

AI Summary

  • Amends the Debtor and Creditor Law Section 282 to add a new bankruptcy exemption for a debtor's interest in a rent-stabilized lease
  • Establishes that rent-stabilized lease interests are protected from creditor claims during bankruptcy proceedings, similar to existing exemptions for social security benefits, unemployment compensation, and veterans' benefits
  • Takes effect immediately upon enactment
  • Introduced by Senator Myrie on February 4, 2019

Legislative Description

Exempts a debtor's interest in his or her rent-stabilized lease from bankruptcy proceedings.

Last Action

COMMITTED TO RULES

12/28/2020

Committee Referrals

Rules12/28/2020
Judiciary2/4/2019

Full Bill Text

No bill text available