The surge of bankruptcies from corporate landlords in New York City demonstrates a troubling trend where many are filing lacking proper legal counsel, undermining the legal process.
According to data from BankruptcyData.com, more than half of the real estate corporations that filed for bankruptcy in New York's Eastern District did so without an attorney, highlighting systemic abuses.
Long Island bankruptcy attorney Avrum Rosen remarked that numerous small corporate landlords are abusing the bankruptcy system by filing cases without counsel, which burdens the courts.
Nearly half of the pro se real estate bankruptcies in the U.S. are being filed in New York's Eastern District, revealing a concerning pattern of problematic filing behaviors.
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