When a Chapter 13 bankruptcy is filed in New Jersey a notice is sent by the court to schedule two hearings. The first is the meeting with the trustee that the debtors and their attorneys must attend. Creditors are also invited but rarely attend. The other hearing...
Law Office of Robert Braverman, LLC
Toys R Us Bankruptcy Closing New Jersey and Pennsylvania Stores
Toys R US, which is in a Chapter 11 bankruptcy, announced Tuesday that they are closing up 182 stores, according to a story on USA Today at https://www.usatoday.com/story/money/business/2018/01/24/toys-r-us-plans-close-up-182-stores/1060674001/They also published a...
What happens at a bankruptcy meeting of creditors.
When you file a bankruptcy you are required to attend a meeting of creditors. If you file a bankruptcy in South Jersey that meeting will occur in either Cherry Hill New Jersey, Camden NJ or Northfield NJ. The meeting generally is held about 30 days after filing....
Chapter 12 Bankruptcy for Farmers and Fisherman
Chapter 12 is a type of bankruptcy that can be filed by a family farmer or a family fisherman. In order to qualify for chapter 12 at least 50% of income must be derived from farming it fishing operations. 50% of debts of the farmer must come from farming operations...
Where Should Bankruptcy be Filed
Let's say you have a home in Northeast Philadelphia Pennsylvania and a vacation home in Margate New Jersey or a commercial property in Cherry Hill New Jersey. Should you file in Philadelphia Pennsylvania or can you file in New Jersey as well. 28 USC section 1408 says...
Bankruptcy Trustee Suing College to Recover Tuition Paid By Debto
Bankruptcy trustee suing college to recover tuition. What happens when you pay your child's college tuition and then file a chapter 7 bankruptcy within the next couple of years? Some bankruptcy trustees are suing the colleges to get the money back to pay the...
Defending Preference Claims in Bankruptcy
When a business files for bankruptcy, the trustee will sometimes sue creditors to get money back from them if they received a payment within 90 days of the filing of the bankruptcy. This is known as a preference action since the idea behind it is to avoid a debtor...
Risk for Cosigner When Bankruptcy is Filed
At one time or another, most people have been asked to cosign a loan. The request is made because the credit of the borrower prevents that borrower from getting credit on their own. When someone agrees to cosign a loan, they are doing more then just lending their...
Bankruptcy Requirement of Filed Tax Returns in Pennsylvania
In order to proceed with a bankruptcy, federal, state and local tax returns that were required to be filed must be filed for the last four years in a Chapter 13 and for the last year in a Chapter 7. In other words, if you did not make enough income to file a tax...
Willingboro New Jersey Bankruptcy Attorney
The Law Office of Robert Braverman, LLC has recently opened a law office at 200 Campbell Drive, Willingboro New Jersey to better serve the individuals and businesses of Willingboro and nearby cities such as Westampton, Willingboro and Burlington City, NJ....

