News & Resources

Game Changing Year-End Legislation Offers More Choices to New Yorkers Facing Personal Bankruptcy

NEW YORK, NY - On December 23, 2010, outgoing Governor David Paterson signed major new legislation increasing the New York homestead exemption and other New York property exemptions. The law makes New York more competitive with other states. A chart of the major changes is set forth below.

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ATTORNEY RICHARD WELTMAN RECOGNIZED FOR OUTSTANDING SERVICE BY NEW JERSEY'S FEDERAL BANKRUPTCY COURTS.

FAIR LAWN, NJ - Richard E. Weltman, a New York and New Jersey business attorney concentrating on creditor protection, debt relief, and business counseling, and founding member of the law firm of Weltman & Moskowitz, LLP, was recently acknowledged by the United States Bankruptcy Court for the District of New Jersey for his service to New Jersey's low-income consumers in need of debt relief and bankruptcy services.

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PENTAGON FCU SUCCESSFULLY OPPOSES DEBTOR'S EFFORTS TO "LIEN STRIP" ITS SECOND MORTGAGE IN NY BANKRUPTCY COURT.

NEW YORK, NY - A chapter 7 debtor recently filed a motion before Bankruptcy Judge Alan Trust in the United States Bankruptcy Court for the Eastern District of New York seeking to avoid Pentagon Federal Credit Union's (PenFed) second mortgage (also known as "lien-stripping"). Weltman & Moskowitz successfully opposed debtor's motion on both procedural and substantive grounds, ensuring that PenFed's mortgage was enforced as written.

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MICHAEL MOSKOWITZ PARTICIPATED IN THE PLAINVIEW-OLD BETHPAGE JFK HIGH SCHOOL'S 22nd ANNUAL MOOT COURT COMPETITION, HELD ON March 25, 2010.

NEW YORK, NY - On March 25, 2010, Michael L. Moskowitz, a founding member of Weltman & Moskowitz, LLP, participated as one of the judges in the Plainview-Old Bethpage John F. Kennedy High School's 22nd Annual Moot Court Competition. The tournament was co-sponsored by the Hofstra University School of Law.

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