When a debtor is filing for bankruptcy, often their first question is “what happens to my home?” Under a Chapter 13 bankruptcy, a debtor is granted safe harbor for their assets. The purpose of...
Attorneys generally specialize in specific areas of law, such as bankruptcy. In fact, a lawyer is normally required under the rules of professional responsibility to refer clients out when the...
Bankruptcy is a process designed to allow a debtor to obtain a fresh start through discharge of certain debts. When a debtor files for bankruptcy, they’re granted the protection of the automatic...
If you are party to a contract, and the other side fails to perform their agreed upon actions, you may have a cause of action against them. This blog will discuss the potential pitfalls in litigating...
While a breach of contract may seem like a remedy for many people feeling injured, contracts in New Jersey have very specific requirements in the formation of them. While we have discussed contract...
Filing for bankruptcy is often seen as a last resort for most people. The purpose of filing is to achieve a “fresh start” for the debtor, allowing them to pay back parts of their debt over the course...
We’ve previously discussed the automatic stay, and its effects that become active when a debtor files for bankruptcy. However, what happens when property of the debtor, such as a car, is repossessed...
With the recent news regarding Bed Bath & Beyond filing for bankruptcy, and more recently Christmas Tree Shops, many may ask what it means for a business to file for bankruptcy liquidation. Further,...
We have previously discussed the procedures for a sheriff’s sale, and the effect that a bankruptcy may have to prevent a sheriff’s sale. However, what happens when a surplus exists after a sheriff’s...