Establishes a temporary state fund to provide legal counsel for bankruptcy proceedings under federal law.
The bill establishes a temporary state assistance fund to provide legal counsel for bankruptcy proceedings under chapter eleven of the federal bankruptcy code. It defines "covered businesses" as those adversely affected by COVID-19 or public health restrictions and eligible for relief under the federal Small Business Reorganization Act. The New York office of court administration will administer the fund, ensuring independent, competent, and zealous representation.
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