Legal Opinion

In Re Smith

United States Bankruptcy Court, S.D. New York

Decided May 2, 2012No. 13-36890PublishedCited by 6 opinions

1Opinion of the Court

MEMORANDUM DECISION REQUIRING THE PARTIES TO ENGAGE IN LOSS MITIGATION

CECELIA G. MORRIS, Chief Judge.

By general order dated December 18, 2008, and amended on December 29, 2010, the Court established a loss mitigation program (the “Program Procedures”). 1 The Program Procedures create a forum for debtors and lenders to reach consensual resolution whenever a debtor’s residential property is at risk of foreclosure. See Program Procedures, 1. A key feature of the Program Procedures is the Loss Mitigation Order, which is entered after notice and an opportunity for a hearing, and sets deadlines…

2Cases cited6 opinions

  1. Johnson v. Home State BankSupreme Court of the United States · 1991
  2. Citicorp Mortgage, Inc. v. Lumpkin (In Re Lumpkin)United States Bankruptcy Court, D. Connecticut · 1992
  3. Buszozak v. WoloNew York Supreme Court · 1925
  4. Buckley v. Chevron, U.S.A., Inc.New York Supreme Court · 1991
  5. DiCola v. American Steamship Owners Mutual Protection & Indemnity Ass'n (In Re Prudential Lines, Inc.)United States Bankruptcy Court, S.D. New York · 1996

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3Cited by6 opinions

  1. In re WimmerUnited States Bankruptcy Court, S.D. New York · 2014
  2. Greene Ave. Restoration Corp. v. Green Throop LLC (In re Greene Ave. Restoration II Corp.)United States Bankruptcy Court, E.D. New York · 2019
  3. Brisman v. Deonarine Parasram d/b/a Vandi Sales d/b/a ParasraUnited States Bankruptcy Court, E.D. New York · 2022
  4. Brisman v. Parasram d/b/a Vandi Sales d/b/a Parasram Store etUnited States Bankruptcy Court, E.D. New York · 2022
  5. Generations Bank v. SciottiNew York Supreme Court · 2014

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