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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...

Breach of contract occurs when one party fails to fulfill their contractual obligations. A contract is a legally binding agreement between two or more parties, and a breach of contract can result in...

In every state, including New Jersey, obtaining a judgment is just the first step in repaying a plaintiff for an injury they have suffered. Whether it be a default judgment or a drawn out trial,...

After a person files a bankruptcy petition, they will be assigned a date for their “Meeting of Creditors,” also known as the 341 Meeting. Although bankruptcy debtors will not actually meet with their...

To gain any judgment against an individual, a plaintiff must first file a complaint. Normally, the defendant will file an answer, the parties will file applicable motions, attend settlements, and...

Filing a bankruptcy petition under any chapter of the Bankruptcy Code creates what is called an “automatic stay.” The automatic stay prevents creditors from taking action against a bankrupt...