If you have considered filing for bankruptcy, then you may understand the feelings of fear and uncertainty that come with it. Though it’s a chance to start over financially, it’s not something most people want in their lives. But for many older Americans,...
Law Office of Robert Braverman, LLC
First Day Orders in Chapter 11 Bankruptcy Cases
When a Chapter 11 business bankruptcy is filed, as a general rule the debtor company cannot pay prebankruptcy debts until a plan or reorganization is approved many months letter. However, in certain circumstances the inability to pay certain prepetition debts can put...
Can I File a Bankruptcy a Second Time?
A bankruptcy can be filed a second time. The impact of filing depends on how long before was the prior bankruptcy filed and what chapter was filed and whether a discharge was received in a prior bankruptcy. If a discharge was received in a chapter 7, you cannot...
New Philadelphia Location for Meeting with Creditors
Whether you live in Northeast Philadelphia, Center City Philadelphia, or elsewhere in the city, when you file a Chapter 7 or a Chapter 13 Bankruptcy you are required to attend a "Meeting of Creditors". In most consumer cases none of the creditors show up. However, you...
Keeping Your Home In A Chapter 7 Bankruptcy
The increase in exemptions available in New Jersey to protect the equity in your home has made it easier to keep your home in a Chapter 7 Bankruptcy. As of April 1, 2019 the exemption a home owner is allowed under federal exemptions, which are used in New Jersey,...
Exceptions to the Bankruptcy Automatic Stay
As a general rule when a bankruptcy is filed the commencement or continuation of lawsuits or collection matters against the debtor are automatically stopped. However, there are exceptions where the matter can continue. For example, a criminal action is not stopped by...
Can you bounce back after bankruptcy?
Filing for bankruptcy may seem scary, but it can actually be very helpful for people facing serious financial issues. Filing bankruptcy helps people in many ways, but the aftermath still can sting a bit. You might wonder what will happen after you file. How do you...
Bankruptcy Exemptions Increase April 1, 2019
When a bankruptcy is filed the individuals filing are allowed to protect a certain amount of equity in their assets and keep those exempt assets. In New Jersey and Pennsylvania debtors filing bankruptcy can protect assets using Federal or state exemptions. Except for...
2019 planned store closing already outnumber 2018
2018 saw Toys R Us, Wet Seal and The Limited close all their retail locations, while Kmart, Walgreens, Best Buy, Foot Locker and more each closed hundreds of stores.That trend continues in 2019, and at an even faster clip, according to “The New York...
Exceptions to the Bankruptcy Automatic Stay
As a general rule when a bankruptcy is filed the commencement or continuation of a lawsuit or collection matters against the debtor are automatically stopped. However, there are exceptions where the matter can continue. For example, a criminal action is not stopped by...

