Bankruptcy is emerging as an important foreclosure prevention strategy. Not only does the bankruptcy filing bring an immediate halt to the foreclosure process, but it provides tools for remedying the underlying problem, including catch-up plans, strip-off of second mortgages, and loss mitigation for mortgage modification negotiations. Bankruptcy can also remove unrelated debts, such as credit card and medical debts, freeing up the debtor’s resources for making mortgage payments. In many cases, bankruptcy may be the best foreclosure defense alternative available.
This CLE, presented by Ndukwe Agwu, senior staff attorney in the Consumer & Economic Advocacy Program at Brooklyn Legal Services, will explore what can be achieved when using bankruptcy to avoid foreclosure.
Identify the limits of bankruptcy and where other remedies should be considered.
Ndukwe Agwu graduated from SUNY Purchase in Purchase New York with a double degree in Political Science and Economics. He went on to attend Touro Law School, graduating in 2006. Immediately following graduation from law school, Ndukwe went on to work at DHL as an in-house attorney handling OSHA and workers compensation claims and hearings. In 2008 he accepted a position with Legal Services of the Hudson Valley (LSHV) as a staff attorney. There, he started out in their Mount Vernon office as a general practice attorney handling primarily landlord/tenant, public benefits, unemployment, and social security benefits. In 2010 he moved into the foreclosure unit and soon thereafter became one of the lead foreclosure attorneys for LSHV.
Ndukwe is a graduate of the Max Gardner Bankruptcy Boot Camp and a member of the National Association of Consumer Bankruptcy Attorneys(NACBA). He is on the Board of Directors for the “Coalition for Debtor Education” out of Fordham Law School which has a mission to assist consumers, particularly vulnerable populations, in understanding and improving their ability to manage their financial affairs. Ndukwe is also an adjunct professor at SUNY Purchase in Purchase New York where he teaches “Legal Research and Writing” and “The Nature and Function of Law”.
Bill Kransdorf is coordinator of the NYC Bankruptcy Assistance Project (NYC BAP or the Project) at Legal Services NYC, which provides free bankruptcy assistance to low-income New Yorkers. He earned his BA from the University of Chicago and his JD from Harvard Law School. He has worked in legal services since 1992, first at Legal Aid of Marin, near San Francisco and, later, at the former Legal Aid of Alameda County. He also worked for the workers’ rights law firm of Van Bourg, Weinberg, Roger & Rosenfeld, and later went into private practice as a bankruptcy attorney in Oakland, California.
Bill later returned to Legal Aid of Marin where he eventually became Director of Legal Services. He has been coordinator of NYC BAP since 2005. The Project employs pro bono attorneys from New York’s top law firms, as well as law students from top law schools, to assist debtors in the preparation of bankruptcy petitions as well as with contested matters in the bankruptcy courts. The Project has become a national model of pro bono and bankruptcy advocacy.
Very practical information. Excellent.
These guys are excellent!
Very easy to follow. Kudos to instructors!
I enjoyed the speakers' presentations.
Excellent presenters -- concise and informative
Great presenters! Very knowledgeable!
Good, compact presentation by a dynamic duo of speakers who erupt with a volcano of ideas.
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