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September 19, 2022 David L. Stevens Debt Management

Fair Debt Collection Practices Act

The Bankruptcy Code is a set of federal laws that affords debtors (the party that declares bankruptcy) certain protections,such as the automatic stay and debt discharge injunction. These protections...

September 19, 2022 David L. Stevens Bankruptcy, Business Bankruptcy, Business Law

Can a Foreign Citizen File Bankruptcy in the United States?

Internationally, the United States is looked at as a land of opportunities. Many come here seeking better business opportunities, educational benefits, or any other route to the American Dream....

June 16, 2022 David L. Stevens Bankruptcy, Business Bankruptcy, Business Law, Credit

What Happens When a Company Subject to a Collective Bargaining Agreement Declares Bankruptcy?

Under the bankruptcy code, a debtor my reject certain “executory contracts” as they can be considered liabilities to the estate. What this means is that a debtor may choose to assume, or reject,...

June 16, 2022 David L. Stevens Bankruptcy, Credit

What Happens If a Bankruptcy Debtor Dies?

 

 

 

 

 

While it does not happen often, debtors do sometimes pass away while their Chapter 7 or Chapter 13 bankruptcy case is still pending. Those in their old age, or those attempting to discharge...

March 1, 2022 David L. Stevens Bankruptcy, Credit, student loans

What Does It Mean to Discharge in Bankruptcy?

Discharge in bankruptcy means to eliminate, or wipe out, a debt. Under a Chapter 7 Bankruptcy for example, unsecured debt, such as credit cards, personal loans, or medical bills, can be completely...

January 20, 2022 David L. Stevens

Foreclosures and Evictions Have Already Started in New Jersey

Due to COVID-19’s continuing negative impact on the economy, thousands of New Jersey residents are still experiencing financial difficulties. Among these are homeowners receiving foreclosure...

April 27, 2020 David L. Stevens

Filing for Bankruptcy is Exciting!

I am often asked how I can be so optimistic when my job is working with people going through perhaps the most difficult time in their lives. It’s easy: my job is to make things better.  I am a...

December 3, 2019 David L. Stevens

Operating Guidelines for NJ Small Businesses in Chapter 11 Bankruptcy Cases

Chapter 11 cases are more complicated bankruptcy cases in many ways and much more is required of a debtor in Chapter 11 than in a chapter 7 or chapter 13 case. The debtor's failure to comply with the...

September 13, 2019 David L. Stevens

Money is Fungible:  Safeguard the Character of Exempt Assets

A bankruptcy case begins when a debtor files a bankruptcy petition in a bankruptcy court.The start of the case creates a bankruptcy estate, which contains “all legal or equitable interests of the...

April 8, 2019 David L. Stevens Business Bankruptcy

Shutting the Doors of a Failing NJ Business and Walking Away

 Every day new companies open their doors, employ a workforce, and provide valuable services and products to help sustain our economy.  Clearly, not all businesses are successful, particularly small...

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