Section 1301 of the Bankruptcy Code is entitled "Stay of Action Against Codebtor". If an individual files a bankruptcy while living in, say, Pennsauken, NJ and his ex-wife, living in Philadelphia, PA had cosigned for a credit card while they were married, can the...
Law Office of Robert Braverman, LLC
NEW JERSEY RETAILERS FILING BANKRUPTCY IN 2016
A number of large retailers with stores in New Jersey have filed for bankruptcy in 2016. Bob's Stores with locations in Freehold, Springfield Twp, and Totowa, New Jersey filed in April 2016. Golfsmith with locations in Mount Laurel, New Jersey filed in...
Bankruptcy Supreme Court Case: Czyzewski v. Jevic Holding Corporation
Wednesday December 7th, 2016 the U.S. Supreme Court heard arguments in the case Czyzewski v. Jevic Holding Corporation (a Delanco, NJ based company). http://www.nytimes.com /2016/12/06/ business/dealbook/ supreme-court-case- has-bankruptcy-...
Tax Returns Must be Filed when Filing Bankruptcy
Thinking of filing a Chapter 13 bankruptcy? Know that all tax returns that you are required to file for the prior 4 years must be filed before the bankruptcy meeting of creditors which occurs approximately 30 days after filing. If you live in New Jersey, this means...
INDIVIDUAL CHAPTER 11 BANKRUPTCY
An individual Chapter 11 bankruptcy is typically filed when an individual is not eligible to file a Chapter 13 bankruptcy because they exceed certain debt limits. You cannot file a Chapter 13 bankruptcy if you have more than $394,725.00 in unsecured debt or more than...
Keeping Home in Chapter 7 Bankruptcy
Whether you can keep your home depends on various factors including the amount of equity in the property. The amount of equity you can protect in your residence depends on the exemptions available. If you live in, for example, Pennsauken New Jersey, you can...
Can an Item Be Added to a Bankruptcy That Has Been Discharged?
As discussed in http://info.legalzoom.com/can-item-added-bankruptcy-discharged-27099.html , Debt incurred after a bankruptcy petition is discharged cannot subsequently be added to the bankruptcy. In no-asset bankruptcies, debts not included in a petition,...
ELIGIBILITY FOR A CHAPTER 13 BANKRUPTCY
ELIGIBILITY FOR A CHAPTER 13 BANKRUPTCYEligibility does not change for a chapter 13 whether the individuals live in Moorestown New Jersey or Northeast Philadelphia. In order to file a Chapter 13, there are limits imposed. Pursuant to section 109 of the Bankruptcy...
Qualifying Military Service and Bankruptcy Means Test
As a general rule, individuals filing a bankruptcy in New Jersey, Pennsylvania and other states must complete and file a "Statement of Your Current Monthly Income," referred to as the means test. Under this test, if you make more than the average family your size in...
Bankruptcy closes Midtown II diner
A Bankruptcy ultimately was not enough to save a Philadelphia Pennsylvania diner. According to Philly.com at http://articles.philly.com/2016-06-02/business/73496318_1_diner-bankruptcy-health , during the last two years, the Midtown II diner at 11th...

