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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...

If you are married and mired in debt, bankruptcy can stop creditor actions and give you a fresh financial start. A common question is whether to file jointly or file only under one spouse's name....

At first one would think this question is simply no. However, legal questions are rarely so easily answered. Lawyers are a crafty bunch. 

Official unsecured creditor committees are provided for by 11...

After a person files a bankruptcy petition, they will be assigned a date for their "Meeting of Creditors," also dubbed the "341 hearing." Although bankruptcy debtors will not actually meet with their...

The decision to file for bankruptcy should not be taken lightly. But bankruptcy is not just a last resort for those who need a life preserver. Some people choose to drown in debt when they should...

A bankruptcy can last on your credit for up to ten years after the filing, but it does not mean that you cannot get credit in those ten years. It may be harder to get credit initially after the...

Bankruptcy is like being in a lobster trap. They are both easy to get into, difficult to move around in once inside, and difficult to get out of. This concept is particularly true when it concerns a...