When is a Guarantor a Third Party Beneficiary of Another Guaranty?

I recently handled a case where a lender moved for for summary judgment on a guaranty. We opposed the motion there was a material dispute of fact as to whether the guarantors were third-party beneficiaries of a secondary guaranty from the SBA, and thus the liability of my clients and the amount due were not clear. Here is an exception from my brief: Continue reading

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Unjust Enrichment Defense in Debt Collection

In a recent case, I opposed a motion for Summary Judgment in a collection action with the defense of unjust enrichment. The creditor attempted to recover the same debt twice from different guarantors. Here is on of the defenses, I argued: Continue reading

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You’re Frustrating Me…

Sometimes when you have a duty to perform either by agreement or contract, it simply cannot be done because the other party hasn’t done their part or has prevented you from doing yours. Clearly this can be frustrating, and fortunately New York law protects us from this. Take a quick look at this excerpt from a brief to see how the frustration of performance defense applies in court. Continue reading

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What Does It Mean to be Deceptive or Misleading in a Guaranty?

Have you ever wondered if you were tricked or duped into signing a guaranty or now feel surprised by some hidden terms you didn’t know about when you signed? Well, here is the standard in New York to determine if there was any deceptive or misleading conduct that may get you off the hook: Continue reading

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Double Recovery and the Single Satisfaction Rule

New York’s General Obligations Law has been held to bar creditors from recovering upon a debt twice. This is commonly referred to as the Single Satisfaction Rule. Clearly, the someone was listening to the Rolling Stones. In a recent case I opposed a motion for Summary Judgment against a guarantor of a debt raising this issue of Single Satisfaction of a debt recovery. Here is a quick excerpt of my brief: Continue reading

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Joinder, Nonjoinder, and Misjoinder

In a litigation, all necessary parties must be joined in the action. Failure to do so may result in dismissal. This is codified in the CPLR: Continue reading

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Does The Plaintiff Have Standing To Sue?

I recently opposed a lender’s motion for Summary Judgment on the grounds that it lacked standing. Here is an excerpt from that brief. Continue reading

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Discovery Dispute Resolved With Rock, Paper, Scissors

Order of the court
Avista Management vs. Wausau Underwriters Insurance Co.

NEW YORK (FORTUNE) – This is the text of the order requiring attorneys for each side to play a game of ‘rock, paper, scissors’ on the courthouse steps. (Back to story) Continue reading

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Lanin Law P.C. Prevails In Kings Supreme Court: The Doctrine Of The Law Of The Case Defeats A Lender’s Summary Judgment Motion

We just defeated a lender’s summary judgment motion in a commercial foreclosure action before Justice Pfau in Kings County Supreme Court. Continue reading

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Success! Lanin Law P.C. Obtains Another 2% HAMP Mortgage Loan Modification

For those who may be curious about what a loan mod actually looks like once it is approved, here is an agreement we worked out for one of our clients with Chase to save his home and reduce his mortgage payments and interest rate. This is redacted to maintain confidentiality.

If you have any legal questions or need help with a loan modification, please contact Attorney Scott Lanin at (212) 764-7250 x 201 or use the contact form in the right sidebar.

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