what can you do if you have a smaller business that is owed money by the Chapter 11 business. There are actually a number of steps that you can take to help maximize your recovery
REPRESENTING CREDITORS IN LARGE CHAPTER 11 BANKRUPTCIES
read more
Law Office of Robert Braverman, LLC
New Jersey Retail Stores Continue to Close
The pandemic as well as inflation has led to the closing of numerous retail stores in New Jersey.
JOHNSON AND JOHNSON SUBSIDIARY FILES FOR CHAPTER 11 AGAIN
LTL Management LLC, a subsidiary of Johnson and Johnson, filed a Chapter 11 in the United States Bankruptcy Court for the District of New Jersey in Trenton New Jersey on April 4, 2023.
BANKRUPTCY INCOME LIMITS INCREASE ON APRIL 1, 2023
the court wants to see if the person filing bankruptcy has the means to pay something back to the creditors. To do this, the court compares the debtors income to the average income of a family the same size as the debtor that lives in the same state as the debtor
Can Student Loans be Discharged in Bankruptcy?
Can student loans be discharged in Bankruptcy? The answer is sometimes. Different factors come into play such as is the student loan federal or private, is there a hardship, what type of institution the student attended and for what purpose was the money used.
Increasing Bankruptcy Expense Limits Under the Means Test
Even if your income and expenses, with this add-on, still results in the need to file a chapter 13 and pay something to your creditors, your payments will be less than they would have been
EXTENSION OF TIME IN BANKRUPTCY
Are you now prevented from suing. If there is no bankruptcy, then the answer most times would be yes. However, section 108 of the bankruptcy code states that if the statute of limitations has not expired when the bankruptcy was filed, then the time to sue does not end until the later of when it normally would have run out (2 years) OR 30 days after the automatic stay ends. So in this example, you could still proceed with the lawsuit as long as you file within 30 days of getting the permission tp proceed
Bertucci’s Files Chapter 11 And Closes Marlton Restaurant
The Coronavirus has taken its toll on numerous and diverse businesses. Retailers and restaurants are two of the businesses that have been hit the hardest. On December 5, 2022 Bertucci’s Brick Oven Pizza & Pasta filed a Chapter 11 bankruptcy.
Requirements for Filing Chapter 13 Bankruptcy
Chapter 13 is an extremely helpful way to protect assets such as save your home from foreclosure by paying mortgage arrears over time, reducing what is owed on a car and reducing debt in general, among other things.
As the Philadelphia Union Enjoys Success in Chester PA, the City of Chester Struggles
The City of Chester is home to the Philadelphia Union soccer team. Thanks to the outstanding play of goalie Andre Blake, a great defense and lots of scoring, the Philadelphia Union have advanced to the Eastern Conference Finals. Unfortunately, the Stadium and a nearby Casino have done little to boost the financial fortunes of Chester Pennsylvania.
