Readers in New Jersey may be aware that one of our nation's largest airlines took a step closer to being able to exit bankruptcy recently. American Airlines' parent company AMR Corp. filed for commercial bankruptcy protection, Chapter 11, last November. At that time,...
Law Office of Robert Braverman, LLC
Bankruptcy court turns down Hawker Beechcraft bonus plan
Many in New Jersey may be aware that when a company experiences a financial difficulty, employees can become concerned about the long-term effects on their employment and benefits. When the fiscal problems reach a point where the company faces a commercial bankruptcy,...
New Jersey learns of Olympic mom’s personal bankruptcy
For the past few weeks people in New Jersey and across the U.S. have watched stunning performances by some of the best athletes in the world. The Olympic Games have offered a chance for many young people to gain fame, and to win one of the most coveted sporting events...
New Jersey businesses: Commercial bankruptcy a positive option
Readers in New Jersey may be familiar with Linwood Furniture, a company that makes furniture for the hospitality industry. The company filed commercial bankruptcy under Chapter 11 in March 2012. Now the court administrator in charge of the case has asked to have the...
Canseco files Chapter 7, like some in New Jersey
Jose Canseco played on 8 different Major League Baseball teams during his 16-year career in the game. In fact, he was the Rookie of the Year for the American League in 1986 and the league MVP in 1988. His outstanding career included 462 home runs, and two World Series...
Personal bankruptcy may soon relieve consumers of student debt
A recent report was released by the Consumer Financial Protection Bureau suggesting that Congress should consider changing the rules concerning the discharge of private student loan debt during bankruptcy proceedings. The current policy, based in a 2005 law, prevents...
Is personal bankruptcy the best choice for financial stability?
When personal finances become unmanageable, there are several options available to ease the load. A debt reduction strategy can help you to restructure your monthly income and debt payments in a way that will reduce your overall level of debt over time. However, it is...
American Airlines wants to cut retirement benefits in bankruptcy
When a company files for bankruptcy in New Jersey or elsewhere in the country, there can be changes for the employees, both past and current, of that organization. In one recent commercial bankruptcy from AMR Corp. and American Airlines, the changes may come as a...
Payments to creditors must be disclosed in personal bankruptcy
People in New Jersey facing bankruptcy often have many questions regarding the process. Many worry about keeping property and how to minimize the impact of a filing on their credit score. One area of particular concern for many filing personal bankruptcy is credit...
MF Global trustee eyes potential commercial bankruptcy deal
The economic landscape is bleak across the entire nation, and not just for consumers. Many businesses are finding it necessary to file for commercial bankruptcy protection when expenses outweigh revenue. One commercial bankruptcy to have hit the news recently is that...

