The New York Debtor Loss Mitigation Affidavit is a document used by creditors and debtors in New York to negotiate a settlement to resolve a debt. It is typically used in situations where the debtor is unable to pay the full amount of the debt and the creditor is willing to accept a reduced amount. The affidavit is a statement of the debtor's financial situation, including their income, expenses, and assets. The debtor must sign the affidavit, affirming that the information provided is true and accurate. There are two types of New York Debtor Loss Mitigation Affidavit: the voluntary and the involuntary. The voluntary affidavit is signed by the debtor and is used when the debtor is willing to negotiate a settlement with the creditor. The involuntary affidavit is signed by the creditor and is used when the debtor is unwilling to negotiate a settlement. Both types of affidavits must be completed and signed in the presence of a notary public.
New York Debtor Loss Mitigation Affidavit
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How to fill out New York Debtor Loss Mitigation Affidavit?
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FAQ
Local Rule 1009-1(a) requires that, whenever lists, schedules or statements are amended, an affidavit must be filed which sets forth the changes (additions, deletions, corrections) which have been made. In re. Name(s) of debtor(s) as it/they appear on the petition.
Yes, individual debtors under chapters 7, 11, 12 and 13 are all eligible to participate, however, in Chapter 7 cases, the request for loss mitigation must be filed within 60 days of the petition date, or such other time as the Court may allow upon a motion to file out of time.