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...
Business & Commercial Bankruptcy
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...
Nuclear waste safety an issue in Chapter 7 bankruptcy
As many New Jersey business owners know, running a business is no small task, especially in a struggling economy. Owning a business is not cheap, and sometimes the expenses simply become too much. This seems to be exactly what happened with a nuclear waste storage...
Commercial bankruptcy a consideration for some churches
As the Great Recession has continued to affect people and businesses in New Jersey and elsewhere, foreclosures are increasing in not only personal residences, but also for commercial property as well. Just like many home mortgage holders who increased their loans...
New Jersey business bankruptcy filings drop for second year
The Great Recession began in December of 2007, and its effect on business operations led to increased cash flow problems for commercial entities. In turn, that led many companies to file for bankruptcy protection to either weather the storm or cease operations in an...
Business bankruptcy plan approval good news for Camden project
New Jersey residents will be interested to learn that TH Properties is set to successfully emerge from bankruptcy after its reorganization plan was approved by a judge. It will allow the company to continue its development of Barton Ridge in Camden County, along with...

