Brooklyn Bankruptcy Update 12-22-09

December 23, 2009
>> Bankruptcy, Chapter 7 Bankruptcy, Debt, Foreclosure

Time to take a look at recent bankruptcy news in Brooklyn.

Brooklyn Money Manager Indicted in 30-Year Ponzi Scheme (Wall Street Journal Online) – Bay Ridge, Brooklyn-based money manager Philip Barry–aka the “Brooklyn Madoff”–was charged with securities fraud and 20 counts of mail fraud earlier this week.

Star of Real Estate Boom is Confronting Hard Times (New York Times) – Shayla Boymelgreen is facing eviction from his Brooklyn headquarters and a possible bankruptcy filing for one of his real estate companies. He also faces lawsuits from condo owners, foreclosure on a theater he owns in Queens and has reportedly reduced his staff from 200 to 15. Compared to Robert Moses, he is responsible for over 2,400 apartments in NYC, including one condo in DUMBO where residents have apparently had to spend on repairs from their own pockets to connect the building’s waste line to the city’s waste line so the sewage didn’t flow into the street, among other things.

20 Bayard Condo Files for Chapter 11 (TheRealDeal.com) – The big fancy condo on 20 Bayard St in Brooklyn overlooking McCarren Park filed for bankruptcy on December 4. Owned by North Development Group, it apparently owed $10 million to 50 parties. The largest creditor claim was by contract Add Plumbing for $325,000.

If you’ve been touched by bankruptcy in Brooklyn and need a good Brooklyn bankruptcy lawyer, please contact me to discuss and get the full benefit of the bankruptcy laws.

Whether you need to file personal bankruptcy or business bankruptcy in Brooklyn, or whether you’re a creditor in a business bankruptcy with a substantial claim or you’re facing a preference lawsuit by the trustee, it’s important to consult with a trusted and experienced bankruptcy lawyer.

For more information…

Contact Bruce Weiner, Esq.

EMAIL Bruce Weiner
Phone
(718) 855-6840 (Local)
(866) 402-8476 (Toll Free)
Fax (718) 625-1966

Go to Bankruptcy Attorney Brooklyn NY to learn more about Rosenberg Musso & Weiner LLP and/or to set up a free consultation.

Bankruptcy, Brooklyn Bankruptcy, Brooklyn Bankruptcy Update, Chapter 11, Chapter 7, Eastern District of New York, New York Bankruptcy, New York Bankruptcy Lawyer

Rosenberg, Musso & Weiner, L.L.P
26 Court St # 2211
Brooklyn, NY 11242, USA
718-855-6840
http://nybankruptcy.net/

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