Real Estate

The Continued Impact of COVID-19 on the Distressed Real Estate Market

Bankruptcy Treatment of Environmental Liabilities: A Refresher and Issues to Consider

July 2021

Interplay Between the New York State Eviction Moratorium and a Bankruptcy Judge’s Authority to Enter a Dispossess Order

In 2020, New York State passed the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020[1] (“moratorium”). With some exceptions, it suspends eviction and foreclosure proceedings for nonpayment of rent or mortgage against tenants or property owners facing financial hardship.[2] Courts have generally held that state laws imposing eviction moratoriums during the COVID-19 pandemic are constitutional exercises of the state’s police powers. For example, in Elmsford Apartments Associates LLC v.