A lawyer with nearly 30 years’ experience, Nancy L. Kourland is a Chapter 11 bankruptcy litigator in New York City. As a longtime New Yorker, Nancy L. Kourland supports a number of city groups and nonprofits, including the Central Park Conservancy.
The Central Park Conservancy is a nonprofit created in 1980 by residents who were concerned about the care and improvement of Central Park, an 843-acre urban park on the island of Manhattan. After witnessing two decades of steady decline, the first thing the Central Park Conservancy did was raise money from city residents, businesses, and foundations to go forward with projects aimed at the upkeep, maintenance, renovations, and restorations of the park facilities.
Today, Central Park is one of the most frequented parks in the United States. It’s also a highly popular setting for paintings, movies, television shows, and novels. Lined with public art, the park features walking and biking trails, gardens, a castle, and a carousel. Also home to the Central Park Zoo and the Central Park Ice Skating Rink, the park plays host to concerts and many more programs aimed at children, families, and adults. The Central Park Conservancy maintains the world-class beauty and history this park brings for the millions of the people who visit each year.
Nancy L. Kourland is a longtime lawyer in the New York City area. In the almost 30-year span she’s worked in law, Nancy L. Kourland has earned recognition as a bankruptcy litigator, focusing in large part on Chapter 11 bankruptcies.
In bankruptcy law, there are several different chapters for which you can file depending on who’s filing and the amount of debt. Chapter 7 bankruptcy is used by people and businesses with no disposable income to get rid of debt. Debtor most likely lose their property in liquidation. Chapter 13 bankruptcy applies to people with a regular income, and it is used to renegotiate the debt in order to pay it off over time. In this case, debtors may be able to keep their property. Chapter 12 is another type of bankruptcy that applies only to commercial fishing vessels and farmers.
Chapter 11 bankruptcy typically involves large business partnerships or corporations. A business that has a substantial amount of debt but wants to reorganize its debts to stay in business will usually file Chapter 11. Creditors would get paid over time, and the business is still active. Sometimes if the debt for a married couple is over a certain amount, a Chapter 11 bankruptcy might be filed. It is the most complicated of the choices, and fewer law firms handle Chapter 11 cases.