Many people in New Jersey are aware that as the economy has declined in recent years, the bankruptcy-filing rate has increased. Businesses have by no means been immune to the economic troubles of the Great Recession and business bankruptcy filings are more common now...
Month: March 2012
Commercial bankruptcy a consideration for some churches
As the Great Recession has continued to affect people and businesses in New Jersey and elsewhere, foreclosures are increasing in not only personal residences, but also for commercial property as well. Just like many home mortgage holders who increased their loans...
Millions of Americans continue to struggle with medical debt
New Jersey Senator Bob Menendez has joined several other senators in sponsoring federal legislation aimed at getting medical debt off the shoulders of hard-working Americans. At issue is the fact that medical debt continues to plague as many as 72 million individuals...
Chapter 11 filed by New Jersey voice and data services provider
The recession that began in 2008 continues to claim business victims in Camden and throughout New Jersey. While some say there are signs of an economic recovery on the horizon, those companies that continue to struggle sometimes find it in their best interests to seek...