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Generally, a lien will pass through a bankruptcy unaffected, that is, unless it is specifically avoided. If competent bankruptcy counsel is not retained, an unsuspecting debtor may think that they...

Many individuals are saddled with income tax debt and seek help from the Bankruptcy Code to solve this issue in their life. Each provision of the bankruptcy code treats taxes differently and it is...

A primary relief of filing for bankruptcy protection is to obtain the benefit of the Automatic Stay. The Automatic Stay keeps creditors at bay while the bankruptcy case is administered. It prevents a...

Not all debts go away in a bankruptcy. Certain types of debt are nondischargeable. Potentially nondischargeable debts, those for money, property, services, or an extension, renewal, or refinancing of...

Any small business owner knows the importance and difficulty in obtaining credit. Whether the need for financing is to purchase real estate, inventory, or to obtain terms with vendor, the small...

You should always investigate and look to see whether bankruptcy is the best option for you. There are various helpful websites that provide information on bankruptcy and can be helpful in making a...

When residents in New Jersey decide to start a business, it is very common that they will seek a small business loan. While it is obvious that at the start of the small business the owner will deal...

Under the Bankruptcy Code, debtors and bankruptcy trustees are authorized to assume or reject executory contracts and unexpired leases in bankruptcy. The legislature, in drafting Section 365 of the...

Changes in Chapter 13 Bankruptcy Law Treatment of Condominium Association Liens

Over the past year, New Jersey bankruptcy law concerning condominium association liens and their treatment under a ...

Many business owners find themselves in a situation where they are saddled with debt and can see no way out. These businesses may even own real property facing foreclosure. An insolvency proceeding...