Tenants of Bankrupt NYC Apartments Seek Cash to Fix Rat Woes

Tenants in bankrupt Manhattan apartment buildings affiliated with Emerald Equity Group LLC are demanding that housing code violations including rat infestations and bed bugs be immediately addressed as part of a Chapter 11 agreement.

Residents are seeking an order compelling the debtor, 203 W 107th Street LLC, to use available funds to address outstanding New York City Housing Court orders and make any urgent repairs to the buildings, according to court papers...

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RSK: Nothing like living in NYC. If the owners are bankrupt then part of the work-out goes to them before they emerge. If they are just handing the properties back to the bank or a new bidder, fixing the problems will belong to new owners. Not pretty and there will be more I am sure...

Ken Notes: I hear they are good roasted with a little BBQ sauce...