Business & Commercial Bankruptcy

Business owners in New Jersey may be interested to learn about a case involving the closure of a non-profit organization in another state. The non-profit was a corporate entity that had an endowment attached t it. Recently, the corporation filed for a business...

Readers in New Jersey may be surprised to learn that one company is responsible for as much as 70 percent of the school supplies sold to school districts in our state and across the nation. The company, School Specialty, supplies not only traditional papers and...

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...

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...

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...

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...

A large church with a successful television show that may be familiar to many in New Jersey is embroiled in a lawsuit that has slowed the progress of the church's bankruptcy. The Crystal Cathedral, which once was the filming location for the 'Hour of Power' television...

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,...

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,...

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...