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January 29, 2024 John J. Scura III Chapter 11, Business Bankruptcy

Top Ten Reasons Why a Small Business Chapter 11 Under Subchapter V of the Bankruptcy Code May Be Better

A small business Chapter 11 under Subchapter V of the Bankruptcy Code has many more advantages than the traditional Chapter 11. Our firm obtained the first confirmed Chapter 11 plan under Subchapter...

November 2, 2023 David L. Stevens Bankruptcy, Business Bankruptcy

Merchant Cash Advance in Bankruptcy in NJ

Merchant cash advances can provide an easy solution to a small business’s cash flow problem. However, these types of loans are often seen as predatory and, in some states, usury. While it can be a...

October 9, 2023 Scura Law Firm Bankruptcy, Chapter 7, Chapter 11, Business Bankruptcy

Bankruptcy Strategies: Choosing Between Chapter 7 vs. Chapter 11 for Your Business

July 11, 2023 Aiden Murphy, Esq. Bankruptcy, Business Bankruptcy

Businesses in Bankruptcy

With the recent news regarding Bed Bath & Beyond filing for bankruptcy, and more recently Christmas Tree Shops, many may ask what it means for a business to file for bankruptcy liquidation. Further,...

October 10, 2022 Roshni Shah Bankruptcy, Business Bankruptcy, COVID-19

Forbearance and Deferment

Although it may seem that the financial hardship caused Covid-19 is slowly clearing and businesses are beginning to see their first positive financial gains since March 2020, a major financial...

October 10, 2022 Jamal Romero Bankruptcy, Business Bankruptcy, Credit

Life after Bankruptcy: How to Repair Your Credit

Perhaps the biggest misconception of filing for bankruptcy is how long it takes to rebuild your credit. The amount of time a bankruptcy stays on your credit report varies depending on the type of...

October 10, 2022 Jamal Romero Bankruptcy, Business Bankruptcy

Preferential Claims: Ordinary Course of Business Defense

The term “preference payment” in a bankruptcy context can come as a surprise to many unsuspecting creditors. Picture this, you’re a small business, and one of your customers (also a small business)...

September 19, 2022 David L. Stevens Bankruptcy, Business Bankruptcy, Business Law

Can a Foreign Citizen File Bankruptcy in the United States?

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....

June 16, 2022 David L. Stevens Bankruptcy, Business Bankruptcy, Business Law, Credit

What Happens When a Company Subject to a Collective Bargaining Agreement Declares Bankruptcy?

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,...

June 10, 2020 Scura Law Firm Chapter 13, Debt Management, Chapter 11, Business Bankruptcy

Stripping of IRS or State of New Jersey Tax Debt in Bankruptcy

Liens can be a complicated problem for many individuals dealing with heavy debt issues. A lien is a claim or legal right against assets, most often property or real estate, which are utilized as...

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