Bankruptcy Law

In response to the financial impact of the Coronavirus, Congress passed the CARES Act which provides individuals and businesses various forms of relief, such as stimulus checks and increased unemployment. The CARES Act also includes provisions that specifically impact...

As Stay at Home Orders continue because of Covid 19, Small Businesses will continue to be hit hard financially. Whether your business is a Salon in Cherry Hill New Jersey closed completely, a restaurant in Maple Shade New Jersey whose business has been reduced to...

The coronavirus ( COVID 19 ) has had an impact on bankruptcy and the bankruptcy courts just like it has had an impact on all aspects of life. However, bankruptcy remains a viable option to deal with its impact on financial circumstances both during and after the virus...

Don't forget to take post filing Money Management Course. A lot of people filing bankruptcy are aware of the need to take a credit counseling course before they can file bankruptcy. Typically it is taken on line or by telephone. However, you should be aware of the...

There may be more than one place where you can file your bankruptcy. The statute indicates you can file where you reside, where you are domiciled or where your principal assets are located. Lets say your permanant address is in Willingboro New Jersey. That is where...

Philadelphia 's Hahnemann Hospital and Saint Christopher's Hospital for Children were part of a health care conglomerate that filed for bankruptcy on July 1, 2019. On September 23, 2019 the bankruptcy court in Wilmington DE approved the sale of Saint Christopher's...

1099c income occurs when there is a cancellation of debt. For example, if you owe a creditor $10,000.00 and they agree to settle for $6,000.00, forgiving the $4,000.00, the sum of $4,000.00 can count as income to you. However, if instead the entire debt is eliminated...

Lets say you are having financial difficulties but are not sure if Bankruptcy is right for you. Where do you begin. The library is a good place to start. I checked out the Willingboro Library at 220 Willingboro Parkway near my Willingboro office. A review of some of...

Under Bankruptcy Law, the Bankruptcy Court takes into account the debtors household income and compares it to the median family income of their state to help determine whether a chapter 13 or a chapter 7 should be filed. On April 1, 2019 the household income numbers...

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...