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Cristina M. Lipan

Cristina M. Lipan

  • Bankruptcy
  • New York
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Biography

Cristina Lipan represents chapter 7 trustees in chapter 7 and chapter 11 bankruptcy cases, as well as representing debtors in chapter 11 bankruptcy cases. A local New York State graduate, Ms. Lipan is admitted to practice in the Southern and Eastern Districts of New York Bankruptcy Courts.

Practice Area
    Bankruptcy
    Chapter 11 Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy
Fees
  • Free Consultation
Jurisdictions Admitted to Practice
New York
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Languages
  • Romanian: Spoken, Written
  • Spanish: Spoken, Written
Professional Experience
Bankruptcy Attorney
LaMonica Herbst & Maniscalco, LLP
- Current
Bankruptcy attorney, chapter 7 and chapter 11.
Attorney
Law Offices of Joseph A. Romano, P.C.
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Bankruptcy Attorney
Shipkevich PLLC
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Bankruptcy Project Manager
Garden City Group, LLC
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• Provided administrative services in complex Chapter 11 cases. • Managed notice and service requirements during a chapter 11 bankruptcy case, including solicitation and public offerings. • Supported business development team by conducting research on distressed companies, while maintaining Salesforce database and preparing various reports.
Bankruptcy Attorney
Borges & Associates
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• Represented creditors in commercial bankruptcy cases. • Followed bankruptcy cases to ensure proper treatment for the client by reviewing case filings such as operating reports, sale motions, and plan and disclosure statements. • Ensured creditors paid by filing claims, preparing motions for allowance and defending against claims objections. • Defended creditors against lawsuits brought by the debtor or trustee, including preference and fraudulent conveyance actions. Reviewed client accounting data and creating defense analyses to find the lowest possible exposure for the creditor. • Researched various facets of the law, including bankruptcy issues and contract disputes. Drafted and filed court documents, including motions and memorandums. • Negotiated settlements for avoidance actions and claims objections. Drafted stipulations of settlement. • Appeared at court hearings, presented oral arguments on submitted motions, and presented various issues and resolutions to the presiding Judge.
Education
Hofstra University
J.D. (2010) | Law
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Honors: Dean’s Scholar Program Annual Dean’s List for 2007-08 Dean’s List, Fall 2009
Activities: Hofstra Labor and Employment Law Journal, Staff Member Hofstra Law Women, Charitable Events Coordinator, 2008-2009 Participant in the Moot Court Competition, Fall 2008
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City University of New York - Hunter College
B.S. (2007) | Economics
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Professional Associations
State Bar of New York  # 4896270
Member
Current
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Legal Answers
152 Questions Answered
Q. A question about bankruptcy.
A: Although the bankruptcy discharge extinguishes the personal liability of a debtor, it does not extinguish an action against the debtor in rem, i.e., the secured creditor’s right to enforce its mortgage lien. As long as the mortgage was valid, the secured claim the lender had against the property was never discharged. It sounds like the mortgages might have been invalidated? It's unclear from your question. In any case, the bankruptcy does not get rid of a mortgage. With respect to notice in the foreclosure proceedings, that is a different question. She would want to speak to a foreclosure attorney to confirm that was done properly.
Q. I have Proof of Claim paperwork from a former job filing Chapter 11, but I don't know if I am a creditor.
A: Just because you received the proof of claim does not mean you are a creditor. The form is sent out to a lot of parties - anyone that might have a claim. As a former employee, you are a party that might have a claim. If you believe you are owed money then you would file a claim, but you will need to submit proof. I
Q. How can I protect self from a store going bankrupt if they are storing an expensive item for me?
A: You may consider paying with a credit card and dispute the charges in the event that happens. This may tie up your credit. You might also negotiate timing of the payment. Another option is to perhaps place the funds in escrow pending pick up. You have to discuss with the store to see what they will agree to do. For example, with a major furniture retailer, they generally do not charge the credit card until the item is shipped - but this is a private business policy so you'll have to negotiate. Keep detailed records, copies of payment etc. If they do file bankruptcy, you'd assert a claim in the bankruptcy case (but you don't want to rely on this). You might try to reach out to Debtor's counsel (if chapter 11 filed) or the trustee (if chapter 7 filed) requesting the pick up, but who knows if you'll be able to get your item.
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Contact & Map
LaMonica Herbst & Maniscalco, LLP
3305 Jerusalem Avenue
Suite 201
Wantagh, NY 11793
Telephone: (516) 826-6500
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