Nussbaum Lowinger files for Chapter 11 bankruptcy
Mark Nussbaum’s former law firms filed for Chapter 11 bankruptcy months after the once prominent real estate lawyer admitted to diverting hundreds of millions of dollars to Brooklyn investor Mendel Steiner. A chief restructuring officer put Nussbaum Lowinger and Mark J Nussbaum & Associates into bankruptcy in federal court in New York’s Southern District on Thursday, halting an ongoing alternative to bankruptcy proceedings in New York state court, known as an ABC. A lawyer handling the ABC has already said it is planning to contest the bankruptcy. Nussbaum’s former law firms listed between $100 million and $500 million in liabilities […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Inside the Search: Choosing the Right Deal in Chicago With
Taka Buranda
It’s a Family Affair: Multigenerational Living Rental Can
Help Landlords Boost Income While Offering Tenants
Affordability
PolicyPro: J-51 reboot flops for rent-regulated landlords,
boosts co-ops and condos
Hotel union deal puts cleaners on track for $100K
salaries
Mamdani targets Brooklyn corridors for major housing
push 
Saunders partners with Premier Estate Properties to link
ultralux markets
RealPage rent-fixing settlements pass $200M (and
counting)
Record High Mortgage Debt Sounds Scary. Here’s What the
Headlines Leave Out.
Richard Born dumps Chambers Hotel for $66M
NYC’s top deals: Benchmark scoops up $42M apartment complex
on UWS
