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New York State Economy:

The New York State economy is driven by several key industries, including: financial services, health care, professional services, tourism, and manufacturing and education.

New York Bankruptcy Court Locations:

Southern District of New York:

Manhattan
US Bankruptcy Court
Southern District of New York
One Bowling Green
New York, NY 10004-1408

Eastern District of New York:

Brooklyn
U.S. Bankruptcy Court, Eastern District of N.Y.
Conrad B. Duberstein U.S. Courthouse
271-C Cadman Plaza East
Suite 1595
Brooklyn, NY 11201-1800

Northern District of New York:

Albany
U.S. Bankruptcy Court
James T. Foley United States Courthouse
445 Broadway, Suite 330
Albany, NY  12207

Western District of New York:

Buffalo
2 Niagara Square
Buffalo, NY 14202

Mayville
Gerace Office Building
Legislative Chambers
3rd Floor Courtroom
North Erie Street
Mayville, NY 14757

 

Poughkeepsie
355 Main St
Poughkeepsie, NY 12601-3315

 

 

Central Islip
U.S. Bankruptcy Court, Eastern District of N.Y.
Alfonse M. D’Amato U.S. Courthouse
290 Federal Plaza
Central Islip, NY 11722

 

Utica
U.S. Bankruptcy Court
Alexander Pirnie U.S. Courthouse and Federal Building
10 Broad Street
Utica, NY  13501

Rochester
100 State Street
Rochester, NY 14614

Niagra
Niagara Falls Municipal Complex
1925 Main Street
2nd Floor Hearing Room
Niagara Falls, NY 14305

White Plains
US Bankruptcy Court
Southern Dist of NY
300 Quarropas St
Room 147
White Plains, NY 10601

 

Syracuse
U.S. Bankruptcy Court
James M. Hanley U.S. Courthouse and Federal Building
100 South Clinton Street
Syracuse, NY  13261

 

Batavia
Genesee County Courthouse
7 Main Street
3rd Floor Courtroom
Batavia, NY 14020

Olean
Cattaraugus County Courthouse
1 Leo Moss Drive
Olean, NY 14760

New York Bankruptcy Exemptions:

Washington DC Homestead Exemption

A debtor can protect the equity in a house, condominium, co-op, or mobile home used as a residence up to the following values:

New York Motor Vehicle Exemption

A filer can exempt the equity in one motor vehicle up to $4,550 in value or up to $11,375 if the vehicle is equipped for use by a disabled debtor.
If you have more vehicle equity than you can exempt, and you don’t use the homestead exemption, you can add the wildcard exemption and protect an additional amount. (§§ 5205 (a)(8).)

New York Wildcard Exemption

Exemptions protect necessary items that you’ll need to work and live. The New York wildcard exemption allows you to protect any personal property of your choice (not real estate) or cash up to a value of $1,150. This exemption is available only if you don’t use the homestead exemption. (§§ 5205 (a) (9).)

Other New York Exemptions:

You can protect up to $11,375 of the following items under § 5205:
  ⦁ Stoves and heating equipment for use in your home and fuel for 120 days; sewing machine, religious texts, family photos and portraits, school books; other books up to $575 in value; seat or pew used for religious worship; domestic animals and food for you and your family for 120 days up to $1,150 per person; clothing, furniture, refrigerator, radio, television, computer, cell phone, kitchenware, prescribed health aids; wedding ring; watch/jewelry/art up to $1,150 in value.
  ⦁ Property or damages arising from the loss or damage to exempt personal property, for up to one year after collection of proceeds. For example, an insurance claim for a damaged vehicle or a cause of action against someone who vandalized your home.
  ⦁ All property held in a spendthrift trust for a debtor if the trust was created by or proceeded from someone other than the debtor.
  ⦁ Uniforms, arms, and equipment used in military service and pensions and awards awarded for military service.
  ⦁ A debtor who doesn’t claim the homestead exemption can exempt cash up to the lesser of $11,375 minus the value of property exempted under 5205, or $5,700 cash if not using the homestead exemption. (Debtor & Creditor Law § 283(2).)
Other Personal Property
  ⦁ § 5205 – Security deposits held for rental real estate or utilities; service animals; necessary medical and dental accessories; New York State college choice tuition savings program trust fund payments for the benefit of a minor or up to $11,375 of value if you own the account; cash surrender value of insurance policies.
  ⦁ § 5206 – Burial plot no larger than 1/4 acre with no building or structure (other than headstone or monument) on it.
  ⦁ Banking § 407 – $600 on deposit with a savings and loan association.
Tools of the Trade
  ⦁ § 5205 – Tools necessary for your profession up to $3,400 in value.
Wages and Income
  ⦁ § 5205 – 90% of income received within 60 days before filing bankruptcy; 90% of earnings from the sale of milk on your farm; 100% of pay to a noncommissioned officer, private, or musician in the armed forces of the U.S. or N.Y.
  ⦁ § 5205 – Court-ordered alimony, maintenance or child support to the extent reasonably needed for support.
Pensions and Public Benefits
  ⦁ § 5205, Debtor & Creditor § 282 – IRA, 401(k), Keogh, or another qualified retirement plan; Social Security, unemployment, disability, public assistance, workers’ compensation or veterans’ benefits.
  ⦁ Debtor & Creditor § 282 – Benefits from crime victim’s reparations laws, payment for the wrongful death of your dependent or a person upon whom you were dependent and up to $8,550 for personal bodily injury.
  ⦁ Debtor & Creditor § 282 – Aid to blind, aged, disabled, crime victim’s compensation, home relief, local public assistance, Social Security benefits, unemployment compensation, veterans’ benefits, workers’ compensation.
Qualified retirement accounts are exempt under the federal rules and can be used in every state, regardless of the exemption scheme used.
Lawsuit Awards and Settlements
  ⦁ $8,550 in damages compensating you for a personal injury if your settlement or lawsuit award must state that the money is compensation for bodily injury; otherwise, the trustee may argue that the exemption does not apply. This law does not protect lawsuit money that you receive for pain and suffering. (Debtor & Creditor § 282(3)(iii).)
  ⦁ Lawsuit money for stolen, lost, or damaged property if you could have exempted the property you’re your bankruptcy filing is within one year from the date you received the funds. (NYCPLR § 5205(b).)
  ⦁ Lost future earnings that compensate you or someone upon whom you depend for support and compensation for the wrongful death of someone you relied on for support is exempt up to an amount reasonably necessary to support you and your dependents. (Debtor & Creditor § 282(3)(ii),(iv).)

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