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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.

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 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.
Professional Associations
State Bar of New York  # 4896270
Member
Current
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Jurisdictions Admitted to Practice
New York
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Fees
  • Free Consultation
Practice Area
    Bankruptcy
    Chapter 11 Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy
Languages
  • Romanian: Spoken, Written
  • Spanish: Spoken, Written
Legal Answers
Q. Trustee objected to exemptions due to me exceeding limits. Should I amend my schedule C? It is for chapter 7
A: It doesn't mean anything if no one objected. Most creditors don't, but the Trustee may do so for the benefit of all creditors. If you have exceeded your exemptions, amending your schedules won't make any difference (it is a question of fact, not just about what you assert on your schedules). If the Trustee is already asking questions, he/she may demand that you turn over any equity to be distributed to creditors (or may sell the property to liquidate that equity). Also, how do you have equity in your car if you don't own it? That doesn't make sense. If you don't have a bankruptcy attorney handling this, you need to retain one ASAP to address the equity in the home. Determining whether there is equity and what exemption you have available depends on different factors, which can't be determined here. You need a bankruptcy attorney to look over all your financial details.
Q. If payment for a contractor entered into my chapter 7 bankruptcy, and approved. What of civil suit and mechanics lien?
A: The mechanic's lien is a secured claim, secured against the property on which work was done. That doesnt go away just by virtue of the bankruptcy filing. You can file an adversary in the bankruptcy case though to get rid of it, if you believe it is based on fraudulent charges. Also, you want to check if the mechanic's lien was perfected pre-bankruptcy. You need an attorney to check these issues.
Q. If you have a house that you need to sell however you are in the middle of a bankruptcy when can you sell the house?
A: Any equity you have in that house (above your exemption) would belong to the bankruptcy estate if you file bankruptcy. Meaning, the Trustee might sell it to take that money to pay your creditors. You may have enough of an exemption to protect that equity, but what is available to you will depend. Do not file bankruptcy on your own. Make sure you retain an experienced bankruptcy attorney.
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Contact & Map
LaMonica Herbst & Maniscalco, LLP
3305 Jerusalem Avenue
Suite 201
Wantagh, NY 11793
Telephone: (516) 826-6500