Food is a necessity that, at times, is taken for granted. Those with plenty should help those with little. Through our firm’s Thanksgiving Food Drive, this year we looked to give back to those in need within our New Jersey...
Food is a necessity that, at times, is taken for granted. Those with plenty should help those with little. Through our firm’s Thanksgiving Food Drive, this year we looked to give back to those in need within our New Jersey...
The growth of online sales has steadily driven numerous brick-and-mortar retailers out of business or into bankruptcy. As a New Jersey firm focused on bankruptcy law, we pay careful attention when large companies based in our state face these difficulties....
In recent years, some of our fellow New Jersey businesses have filed a Chapter 11 bankruptcy only to convert to a Chapter 7 in order to liquidate. Popular retailer Party City managed to avoid this trend in 2023 by concluding...
A Chapter 13 bankruptcy involves a reorganization of your existing debt and a Chapter 7 bankruptcy is a liquidation of assets. In order to be eligible for a Chapter 7 filing, you must be below the median income level for...
Lekevie C. Johnson, a former Champaign, IL pastor, pleaded guilty on December 1st to federal program misapplication, student loan misapplication, and false statement in bankruptcy. Johnson operated a not-for-profit corporation that received federal grant funds from the United States Department...
A Cincinnati jury found a Hamilton, OH man and a Brooklyn, NY woman guilty of multiple crimes, including bankruptcy fraud, in relation to a foreclosure scam that affected more than 750 homeowners across the country. 66-year-old Lorin Kal Buckner and...
Alex Jones, a radio show host and conspiracy theorist, recently filed for bankruptcy. In 2012, after the tragic shooting at Sandy Hook Elementary, Jones began to spread his conspiracy theory that the government had planned this massacre, that no one...
On June 7, 2022, the U.S. House of Representatives passed bill S.3823, which is now expected to be signed by President Biden. This bill will increase the debt limits that a debtor – individual, married couple, or business – to...
New Jersey median income changes effective November 1, 2020, will impact bankruptcy cases. The U.S. Trustee Program announced updated information on New Jersey median incomes. The changes are important for Chapter 7 Bankruptcy cases and Chapter 13 bankruptcy repayments. New...
In Chapter 11 Bankruptcy, there is what is known as a Subchapter V. There are significant benefits for a small business to file Subchapter V instead of a typical Chapter 11. This includes two (2) complicated but important concepts: “Absolute Priority”...
As New Jersey has announced the loosening of restrictions in response to the Coronavirus (COVID-19) pandemic, Gillman, Bruton & Capone, (“GBC”), is happy that we are able to reopen our offices to the public again effective June 1, 2021. Our...