NYC Landlords Can’t Touch Rent-Controlled Flats: Bankruptcy

(Bloomberg) -- It’s official: Tenants in New York City whofile for bankruptcy won’t lose their below-market-rateapartments, thanks to a pair of opinions from the New York StateCourt of Appeals and the Manhattan-based U.S. Court of Appealsfor the Second Circuit.

Combined, the decisions remove the threat that people whofile for bankruptcy in New York will be evicted from valuableapartments even though they’re current on the rent.