Gillman Bruton Capone Law Group Thanksgiving Food Drive
Gillman Bruton Capone Law Group Thanksgiving Food Drive

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...

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WeWork: Working Itself Through Bankruptcy
WeWork: Working Itself Through Bankruptcy

WeWork, a coworking space company, filed for Chapter 11 bankruptcy on November 6, 2023 and is being represented by King & Spalding. This filing marked a significant step in the company’s efforts to restructure its debt and operations amidst ongoing...

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The Road to Red Lobster’s Bankruptcy
The Road to Red Lobster’s Bankruptcy

Recently, Red Lobster has filed for Chapter 11 Bankruptcy and it's path to this filing is shaped by a combination of strategic missteps and external economic pressures. The seafood chain has grappled with several key issues which pushed them to...

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Effects of Filing for Bankruptcy
Effects of Filing for Bankruptcy

Filing for bankruptcy is a significant financial decision that can have some lasting effects for individuals and businesses.  Even with these effects in mind, the relief that bankruptcy offers from overwhelming debt that may be worth the temporary repercussions of...

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Preventing Foreclosure and Eviction Through Chapter 13 Bankruptcy
Preventing Foreclosure and Eviction Through Chapter 13 Bankruptcy

Chapter 13 bankruptcy is not just a mechanism for debt restructuring—it’s also a crucial strategy for homeowners facing the distressing prospect of foreclosure or eviction. Chapter 13 bankruptcy offers a structured approach to not only halt these proceedings but also...

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Real Estate Equity and Debt Repayment Strategies in Chapter 13
Real Estate Equity and Debt Repayment Strategies in Chapter 13

Chapter 13 bankruptcy serves as a beacon of hope for individuals facing financial turmoil, especially homeowners. This legal pathway not only offers a chance to reorganize debt but also protects the equity in real estate, which for many, represents a...

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Benefits of a Chapter 13 Bankruptcy- Part
Benefits of a Chapter 13 Bankruptcy- Part

The Distinction Between Chapter 13 and Chapter 7 Bankruptcy At the heart of Chapter 13 bankruptcy is the opportunity for debtors to keep their assets, most notably their homes. This is in stark contrast to Chapter 7, where liquidation of...

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New Median Income Requirements in New Jersey for 2024
New Median Income Requirements in New Jersey for 2024

Periodically the New Jersey' Department of Labor and Workforce Development (NJDOL) will update the median income figures for the various household sizes reported on a person’s tax returns. NJDOL has recently provided the new median income figures which go into...

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Why Bed Bath & Beyond Filed for Bankruptcy
Why Bed Bath & Beyond Filed for Bankruptcy

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....

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How Party City Entered and Emerged From Bankruptcy
How Party City Entered and Emerged From Bankruptcy

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...

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What is the Difference Between Chapter 13 and Chapter 7 Bankruptcy?
What is the Difference Between Chapter 13 and Chapter 7 Bankruptcy?

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...

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