Chapter 7 Bankruptcy is known as the liquidation chapter, but this nickname is not really appropriate. In the vast majority of cases, liquidation never occurs. The Federal Bankruptcy Code and State...
July 13, 2015
Bankruptcy,
Chapter 7
A chapter 7 debtor (as opposed to a trustee) may bring such actions for his or her own benefit (as opposed to for the benefit of the debtor's estate) in limited circumstances. To bring the avoidance...
July 10, 2015
Insurance Claims,
Car Accident,
Accident
It is an unfortunate reality to face, but essentially every time an individual travels on the roadways, they are at risk of being involved in an accident. New Jersey residents are also aware that...
July 1, 2015
Bankruptcy,
Chapter 7,
Chapter 11
Recent financial struggles facing the Texas Rangers baseball team have brought attention to the issue of involuntary bankruptcy proceedings. Creditors holding roughly $525 million in debt accrued by...
June 10, 2015
Business Law
Have you ever wondered how referrals work in law firm in New Jersey? Check out how the New Jersey Court Rule allows division of fees to avoid business disputes.
June 1, 2015
Bankruptcy,
Foreclosure
Sometimes homeowners facing foreclosure decide that they cannot afford to stay in the home and that it just does not make sense because the house value is much less than the amount they owe on...
May 1, 2015
Bankruptcy,
Chapter 11
"Structured Dismissals" in the Chapter 11 process are becoming an acceptable alternative to confirmation of a Chapter 11 plan.
Take the case of a business owner trying to "save the company" in this...
April 21, 2015
Bankruptcy,
Chapter 7
Chapter 7 Trustees are compensated in two ways. First, they receive a flat $60 fee per case. Second, in the event there are assets to liquidate, the trustee will receive "reasonable" compensation in...
April 10, 2015
Foreclosure
Buying a house is a big deal for New Jersey residents. This allows the individual or family to establish a home and fulfill their goal to achieve the American dream. However, there are several risks...
February 13, 2015
Bankruptcy,
Business Law
Business Bankruptcy & Licensee Rights
The rights afforded to a licensee under Section 365(n) trump "free and clear" sales under Section 365(f). This was the holding in a recent decision by Judge...