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MAPLE SHADE
856-864-9670
SICKLERVILLE
856-864-9670
TOLL FREE
800-759-0767
Personal bankruptcy filings have dropped by 50-percent over the past six years. There are a number of reasons for this decline in bankruptcy filings. Unemployment is down which is typically a factor. In addition, according to ABC, (Margot Kim...
Most people realize that when a bankruptcy is filed, the automatic stay stops most lawsuits against the debtor. However, there are exceptions under Section 362(b). For example, a lawsuit can proceed against someone that filed bankruptcy in order to establish...
When the Bankruptcy Code was amended, one of the purposes was to make it more difficult for high income earners to eliminate their debt in a Chapter 7 bankruptcy. As a result, sections were added to the Bankruptcy Code which essentially add some limitations on...
An Involuntary Bankruptcy is filed not by the individual or company that has the debts, but instead by creditors of that individual or company. The involuntary bankruptcy can either be a Chapter 7 or Chapter 11 bankruptcy. Three creditors with combined claims totaling...
Gymboree appears to be on the verge of bankruptcy according to The Denver Post. http://www.denverpost.com/2017/05/05/gymboree-stores-closing/ A number of stores will likely close as part of the bankruptcy process. A number of brick and mortar retailers have struggled...
Chapter 13 is a type of bankruptcy often used by debtors to save their home by paying mortgage arrears over time. However, when filing Chapter 13, a debtor is obligated to pay priority claims in full through the bankruptcy as well. Priority claims include domestic...
Whether you are from Pennsauken NJ or Cherry Hill New Jersey or Northeast Philadelphia Pennsylvania, individuals often come into my office and ask the same question. Am I eligible to file bankruptcy? Most times individuals are eligible to file bankruptcy. There are...
When a business is struggling, often it will turn to a Chapter 11 bankruptcy in order to reorganize its debts. Through Chapter 11 a business can often reduce unsecured debts like claims of suppliers, restructure secured debt and pay priority tax debts over time, among...
The bankruptcy code requires that a Trustee appointed by the US Trustee's office conduct a meeting of creditors. In a simple Chapter 7 or Chapter 13 meeting of creditors, typically no creditors appear. Business bankruptcies are more likely to have creditors appear. At...
http://www.reuters.com/article/us-americanapparel-layoffs-idUSKBN15025M American Apparel Layoffs Employees in Bankruptcy ProceedingsBy Jessica DiNapoli and Lisa RichwineCanadian apparel maker, Gildan Activewear Inc (GIL.TO), has withdrawn its plan...
