As of the last few months – cryptocurrency brokerage firms such as Three Arrows Capital, and Celsius Network, Ltd. filed for Chapter 11 Bankruptcy. Unfortunately for some of their customers, there...
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....
On June 21, 2022, President Biden signed into law the Bankruptcy Threshold Adjustment and Technical Corrections Act (Bill S. 3823). What Bill 3823 does is it increases the Chapter 13 debt limits...
When a person files for bankruptcy, they are beginning a complicated legal proceeding that involves multiple moving levers. Doing so creates obligations for both debtors and creditors, while also...
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,...
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...
A few days ago, I met a couple from New Jersey looking for financial assistance. As we went over their financial difficulties, they began telling me about this “debt consolidation program” they were...
In March 2020, thousands of businesses were forced to shut down,many Americans were left without a job, and millions applied for unemployment benefits. According to State of New Jersey’s Department...
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...