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...
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...
January 3, 2015
Bankruptcy
While the following is not a complete list of all issues when deciding whether to file bankruptcy, these are frequent considerations and questions that arise with clients contemplating bankruptcy.
December 30, 2014
Bankruptcy,
Chapter 13
If you owe tax debt and the IRS or state is coming after you, then a New Jersey chapter 13 bankruptcy may be an option for you.
December 15, 2014
Bankruptcy
After a successful bankruptcy, a person is discharged from most debts - meaning the person no longer has any personally responsibility for the debt. What many New Jersey residents don't know,...
December 12, 2014
Bankruptcy,
Debt Management
What Property Is Included in the Bankruptcy Estate?
When you declare bankruptcy, anything that you have a property interest in becomes an asset of your bankruptcy estate. All assets of the bankruptcy...
December 5, 2014
Bankruptcy,
Chapter 13,
Chapter 7
Chapter 13 Following Chapter 7 Bankruptcy
If you have recently filed for a chapter 7 bankruptcy and received a bankruptcy discharge but want to find a way to keep your home from a potential...
November 10, 2014
Bankruptcy
New Jersey Bankruptcy Court
When most people think of going to court, they think of the local courthouse located in the county in which they reside. Bankruptcy is a federal matter, however, and not...
October 24, 2014
Bankruptcy,
Chapter 13,
Debt Management
While in all likelihood, your student loans will not be discharged through a bankruptcy proceeding, a chapter 13 bankruptcy may be an option that can help you manage your debt.
October 17, 2014
Bankruptcy,
Foreclosure
Deficiency Judgments Years After Foreclosure
Recently, Michele Conlin published an article for Reuters Online, which can be read here, stating that many Americans are struggling with banks coming...