A company that may be able to make a significant change in the types of batteries used in cars across New Jersey and across the country filed for bankruptcy recently. The Chapter 11 bankruptcy filing came after a deal to sell control of A123 Systems Inc. to a foreign...
Month: October 2012
Chapter 7 bankruptcy may buy business time to restart
Often consumers in one state, such as New Jersey, pay businesses from other states to assist them in efforts such as moving or shipping. When the item that the customer expected to be moved or shipped fails to arrive, about it can cause problems for the company that...
Personal bankruptcy trustees seeking to sell assets online
Many readers in New Jersey know that when they file for personal bankruptcy, control of their assets goes to the trustee assigned to their case by the court. The trustee, in some cases, can sell assets in a personal bankruptcy to gain money to repay creditors....
New Jersey businesses: Chapter 11 offers hope for debt relief
Some businesses in New Jersey may find that, in light of financial decline, they may require the protections offered in bankruptcy. This may be especially true when businesses can no longer pay the debts owed to creditors, leaving them financially disabled. In some...