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I own a small cooperative apartment. If I file for bankruptcy, will I lose my apartment?

If the fair market value of the apartment, after deducting any mortgages, is less than $50,000 singly, or $100,000 for a married couple filing jointly, the apartment would be exempt under the new bankruptcy laws in New York.

(Courtesy of Association of the Bar of the City of New York)

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This entry was posted on Thursday, December 10th, 2009 at 2:50 pm and is filed under FAQ's. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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We are a Debt Relief Agency. We assist people to file for relief under the Bankruptcy Code. The information on this website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.
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