While the foreclosure picture nationally appears to be improving, New Jersey is not yet joining the party. Our state is lagging behind others, in part due to foreclosure proceedings grinding to a halt after New Jersey Chief Justice Stuart Rabner directed mortgage...
Month: February 2012
New Jersey hospital uses Chapter 11 to solve financial problems
The recession has impacted many business entities in New Jersey over the past few years, including those providing medical services. One area of concern up in Hudson County is what is perceived as a glut of hospital space that has left three hospitals seeking...
New Jersey business bankruptcy filings drop for second year
The Great Recession began in December of 2007, and its effect on business operations led to increased cash flow problems for commercial entities. In turn, that led many companies to file for bankruptcy protection to either weather the storm or cease operations in an...
Business bankruptcy plan approval good news for Camden project
New Jersey residents will be interested to learn that TH Properties is set to successfully emerge from bankruptcy after its reorganization plan was approved by a judge. It will allow the company to continue its development of Barton Ridge in Camden County, along with...