CHERRY HILL
856-254-2196
PHILADELPHIA
215-647-9891
MAPLE SHADE
856-254-2196
WILLINGBORO
856-254-2196
SICKLERVILLE
856-254-2196
TOLL FREE
800-759-0767
CHERRY HILL
856-254-2196
PHILADELPHIA
215-647-9891
MAPLE SHADE
856-254-2196
WILLINGBORO
856-254-2196
SICKLERVILLE
856-254-2196
TOLL FREE
800-759-0767
Undoubtedly the Pandemic hitting just one year after formation had a major impact on the Laundromat. Although both individuals and companies can file a Chapter 7 bankruptcy, there are generally more issues in a Chapter 7. For one, with a business there is often assets to be liquidated. When an individual files bankruptcy, no assets are typically sold because individuals are allowed to exempt (protect) a lot of their assets.
Can a debtor buy or lease a car while they are in bankruptcy. The answer is yes.
Cineworld Group, the second largest movie theater chain, filed a chapter 11 in the United States Bankruptcy Court for the Southern District of Texas. Regal Cinemas is owned by Cineworld Group
The location of the Courthouse will impact the trustees assigned to your case as well as the judge appointed in your case
If you are able to file a Chapter 7 to eliminate unsecured debt, then any outstanding utility bills can be included and eliminated as well. Similarly, if you are paying a reduced amount to your unsecured creditors in a Chapter 13, the Utility Companies can be treated the same way.
However, having now filed and completed a number of SubChapter V bankruptcies in both Southern New Jersey and Philadelphia Pennsylvania, it has become apparent that the goal was accomplished.
Your knowledge and experience with Chapter 13 and Chapter 7 benefitted your clients
The Bankruptcy Judge issued an Order to Show cause indicating that the Cherry Hill company’s bankruptcy case would be dismissed if the required documents were not filed. In addition, the debtor needed to hire an attorney.
As a result of the Coronavirus, New Jersey imposed a mortgage moratorium to temporarily stop mortgage foreclosures from proceeding to help people keep their homes. However, on November 15, 2021 that moratorium ended. As a result, foreclosures can again proceed....
So what happens if your debt exceeds those limits? You can still file a chapter 11 bankruptcy to deal with the debt. A chapter 11 is more expensive and more complicated, but it generally allows you to accomplish the same thing.
