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...
Generally, when individuals decide to start a business, one of the first task to complete is to incorporate the business and determine what type of business entity is best for their company. These...
On February 17, 2021, the New Jersey Supreme Court in Maison v. New Jersey Transit Corporation, et al. issued an opinion that heightened the standard of care owed to passengers on the New Jersey...
One of the most difficult issues that arise during a personal injury case is when the insured’s/defendant’s insurance company seeks to disclaim liability coverage. This can be extremely frustrating...
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...
Although we’re still a couple of months away, the April 15th tax deadline will be here before you know it, and if you already owe income taxes for previous tax years, you could be facing an even...
On January 18, 2022, Governor Murphy signed a historic bill that will permit an insured to file a bad faith claim against its own insurance company where it fails to reasonably settle an...