A businessman has filed for a personal Chapter 11 bankruptcy after losing money during the recent economic downturn, a situation familiar to many in New Jersey. The businessman is the president of a company that controls interest in apartment buildings across the...
Chapter 11
Chapter 11 bankruptcy offers New Jersey businesses fresh start
A company that may be able to make a significant change in the types of batteries used in cars across New Jersey and across the country filed for bankruptcy recently. The Chapter 11 bankruptcy filing came after a deal to sell control of A123 Systems Inc. to a foreign...
New Jersey businesses: Chapter 11 offers hope for debt relief
Some businesses in New Jersey may find that, in light of financial decline, they may require the protections offered in bankruptcy. This may be especially true when businesses can no longer pay the debts owed to creditors, leaving them financially disabled. In some...
Ritz Camera seeks Chapter 11 protection a second time
As many in New Jersey know, the faltering American economy has altered the lives of countless consumers, as people struggle to manage their debt load and readjust their spending. The economic downturn also affects businesses, causing them to make similar adjustments....
New Jersey meat vendor faces commercial bankruptcy
Recent news reports have brought "pink slime" to the attention of New Jersey consumers. When negative reports surface about a company, it can hurt its financial stability. On April 2, AFA Foods, a ground beef processor that distributes to retailers and fast-food...
Arcapita Bank BSC files for Chapter 11 bankruptcy
Many people in New Jersey are aware that as the economy has declined in recent years, the bankruptcy-filing rate has increased. Businesses have by no means been immune to the economic troubles of the Great Recession and business bankruptcy filings are more common now...
Chapter 11 filed by New Jersey voice and data services provider
The recession that began in 2008 continues to claim business victims in Camden and throughout New Jersey. While some say there are signs of an economic recovery on the horizon, those companies that continue to struggle sometimes find it in their best interests to seek...
New Jersey hospital uses Chapter 11 to solve financial problems
The recession has impacted many business entities in New Jersey over the past few years, including those providing medical services. One area of concern up in Hudson County is what is perceived as a glut of hospital space that has left three hospitals seeking...

