I live in NY City and own an investment home in Fla. If I file for bankruptcy in NY what is the effect on the Florida house?

In response to your question about the Florida property, it all depends on whether or not there is any equity in the premises as well as what is your overall objective in filing a bankruptcy. I am practicing bankruptcy law for over 20 years.  So, if you would like to schedule a free consultatoin in either my Forest Hills or Coram offices, please feel free to call me.  The best number to reach me at is my cell phone at 516-967-6272. Very truly yours, Mark E. Cohen, Esq.

If the florida home has equity then the Bankruptcy Trustee would sell it and after paying off the mortgage(s), would use the remainder to pay creditors. If the property has no equity then you could keep it.