The good news for readers in New Jersey is that the number of bankruptcies in our state and across the nation has dropped for the past two consecutive years. In fact, a recent report indicates that the national level of personal bankruptcy filings fell by 14 percent...
Law Office of Robert Braverman, LLC
New Jersey retailer seeks commercial bankruptcy
Super Storm Sandy hit many areas of New Jersey hard as it passed through our state. Many people lost property, including personal homes and businesses. For some in our state and throughout the nation, these losses ended with filing for personal or commercial...
Chapter 13 bankruptcy can repay many debts in New Jersey
Financial woes can affect people from all walks of life, as many in New Jersey know very well. During the recent recession, many have found that businesses that were once successful have fallen on hard times or even been forced to close. This has led some business...
New Jersey business bankruptcy can happen for many reasons
Readers in New Jersey may remember the recent reports that appeared in the national media discussing the illnesses contracted by individuals who were given a commonly used steroid. The specialty pharmacy that distributed the steroid sold the drug to pharmacies and...
New Jersey personal bankruptcy can come when business fails
Like many businesses in New Jersey, for several years a tutoring business was successful for a man in another state. However, after competition began to eat away at the market share of the business, the owner found that he was no longer able to make ends meet. This...
New Jersey Chapter 7 bankruptcy offers stay against creditors
Filing a Chapter 7 bankruptcy in New Jersey can offer many protections for a person who finds that they have a large amount of debt that they cannot repay. Under Chapter 7, an individual can expect to find that creditors are no longer able to collect judgments or make...
New Jersey investors sometimes pushed to Chapter 7 bankruptcy
Radisson is a large hotel chain that may be familiar to our readers in New Jersey and Pennsylvania. Recently one of the members of an ownership group that invested in one of the chain's properties filed for a Chapter 7 bankruptcy. This filing occurred after the hotel...
New Jersey folks seek Chapter 13 bankruptcy after foreclosure
The number of bankruptcy filings occurring in New Jersey and across the nation is down over the past year, according to a recent report. This includes Chapter 13 bankruptcy filings that seek to have a debtor repay much of what is owed to their creditors through a...
Bankrupt battery company readies for auction
A123 was once a prominent business in the green world. The startup lithium-ion battery maker was launched in 2001 and went public nine years later. Then, it was valued at over $2 billion. Now, however, A123 is in a very different place.After filing for bankruptcy, the...
Commercial bankruptcy of Hostess leads New Jersey to want snacks
Many of our readers in New Jersey may have spent at least a part of their week running to the grocery store to snap up the remaining inventory of Hostess snacks such as Twinkies and Ho-Hos. Stores here and across the nation have reported an increase in snack sales...

