Chapter 7

New Jersey business owners know that an individual sometimes has to put in their own funds when they start a new venture. This can mean taking mortgages on a residence or using savings to begin a new business. However, if the business fails or is stalled for some...

Filing a Chapter 7 bankruptcy in New Jersey can offer many protections for a person who finds that they have a large amount of debt that they cannot repay. Under Chapter 7, an individual can expect to find that creditors are no longer able to collect judgments or make...

Radisson is a large hotel chain that may be familiar to our readers in New Jersey and Pennsylvania. Recently one of the members of an ownership group that invested in one of the chain's properties filed for a Chapter 7 bankruptcy. This filing occurred after the hotel...

Many people seeking the protections offered by a bankruptcy in New Jersey hope to keep as many of their assets as they can during the process. For many who file for Chapter 7 liquidation, the exemptions permitted under our laws may be able to allow them to keep some...

Often consumers in one state, such as New Jersey, pay businesses from other states to assist them in efforts such as moving or shipping. When the item that the customer expected to be moved or shipped fails to arrive, about it can cause problems for the company that...

People in New Jersey from all different walks of life know that sometimes a financial situation can degrade to the point that seeking bankruptcy protection is one of the few good choices left for an individual. This was the case recently for one coach of a major...

Jose Canseco played on 8 different Major League Baseball teams during his 16-year career in the game. In fact, he was the Rookie of the Year for the American League in 1986 and the league MVP in 1988. His outstanding career included 462 home runs, and two World Series...

New Jersey readers may be interested to learn about a former executive of an entertainment venture called the Mob Experience and his experience with personal bankruptcy. In his Chapter 7 filing, the man detailed many more liabilities than his assets could cover. In...

As many in New Jersey are aware, even the most sophisticated of investors may fall prey to some who have less than genuine intentions. Such instances can include Ponzi schemes. When a person who invested in such a scheme loses their investments, they may be forced to...

For many in New Jersey, the choice to file for bankruptcy is not easy, but it is often necessary. Faced with overwhelming amounts of debts that cannot be repaid, a person may seek a Chapter 7 bankruptcy in order to get a fresh financial start. This new start can offer...