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Queens Bankruptcy

Fraudulent transfer claims increase. What’s the impact on New Yorkers and New York business owners?

There’s a new study out titled “Risky Business: Financial Firms Face Wave of Fraudulent Transfer Claims“ by Navigant Consulting and The Economist Intelligence Unit. The gist of it is that debtors, trustees and creditors committees are increasingly pursuing “fraudulent transfer” (aka “fraudulent conveyance“) claims (i.e., attempts to recover improper payments) in the wake of the …

Fraudulent transfer claims increase. What’s the impact on New Yorkers and New York business owners? Read More »

Unemployment Update: Jobless claims up and bankruptcy to follow in New York

The latest unemployment news is out and it ain’t good. Economists were predicting a drop in unemployment claims.  But instead the Department of Labor’s report showed an increase in the number of first-time filings for state unemployment benefits. What does this mean from a bankruptcy perspective for New Yorkers? Conventional wisdom says that bankruptcy filings …

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