For a lot of people, the phrase "meeting of creditors" is the most intimidating part of filing bankruptcy, mostly because it sounds like it's going to be a courtroom showdown. It isn't. If you've...
If you've been keeping an eye on bankruptcy filings in New Jersey lately, you already know the numbers have been climbing. What's gotten a lot less attention is a quieter development moving through...
When a Chapter 11 bankruptcy estate has enough assets to pay every creditor in full—and still has money left over, how is the Chapter 11 trustee compensated? The answer is more nuanced than many...
A Business Lifeline That Often Becomes a Liability
Most people think of bankruptcy as forms, deadlines, court hearings, and technical rules.
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...
According to the Consumer Financial Protection Bureau, the average price consumers paid for new vehicles reached a record high of $48,182 and monthly payments are up 19% from 20211. More importantly,...
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...
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...
