New York § 85.70 Notice to creditors

New York Statutes

§ 85.70 — Notice to creditors

New York § 85.70

Law LFNLocal Finance

Title 6-ALocal Obligations: Financial Emergency; Condition Precedent to Claims; Stay of Claims; Repayment Plan For Municipality; Termination of Stay

Art. 2Local Indebtedness

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Bluebook

N.Y. Local Finance § 85.70 (2026).

Text

  § 85.70 Notice to creditors.  Upon the filing of a petition pursuant\nto section 85.30 of this title, or of a repayment plan or amendment or\nmodification thereof pursuant to section 85.40 or 85.60 of this title,\nor upon the application for, or the entry of, any order extending,\nvacating or modifying a stay pursuant to this title, prompt and\nappropriate notice thereof and of any hearing in connection therewith\nshall be given, at the expense of the municipality, to all creditors of\nthe municipality affected thereby in such form and manner, including by\nmail or publication or both, as the court may find to be practicable and\nappropriate in the circumstances. Notice of any other event or\nproceeding shall be given as the court may direct, to such persons, in\nsuch form and manner and

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§ 85.70 Notice to creditors. Upon the filing of a petition pursuant\nto section 85.30 of this title, or of a repayment plan or amendment or\nmodification thereof pursuant to section 85.40 or 85.60 of this title,\nor upon the application for, or the entry of, any order extending,\nvacating or modifying a stay pursuant to this title, prompt and\nappropriate notice thereof and of any hearing in connection therewith\nshall be given, at the expense of the municipality, to all creditors of\nthe municipality affected thereby in such form and manner, including by\nmail or publication or both, as the court may find to be practicable and\nappropriate in the circumstances. Notice of any other event or\nproceeding shall be given as the court may direct, to such persons, in\nsuch form and manner and with such provision for the payment of the\nexpenses thereof as the court may find to be practicable and appropriate\nin the circumstances.\n