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...

READ MORE
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....

READ MORE
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...

READ MORE
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...

READ MORE
Illinois Man Pleads Guilty to Misapplication of Funds and False Bankruptcy Statements
Illinois Man Pleads Guilty to Misapplication of Funds and False Bankruptcy Statements

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...

READ MORE
Defendants Convicted of Bankruptcy Fraud in Massive Foreclosure Scam
Defendants Convicted of Bankruptcy Fraud in Massive Foreclosure Scam

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...

READ MORE
Alex Jones Files for Bankruptcy After Massive Civil Verdict
Alex Jones Files for Bankruptcy After Massive Civil Verdict

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...

READ MORE
Congress Passes Bill Making it Easier to File for Bankruptcy
Congress Passes Bill Making it Easier to File for Bankruptcy

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...

READ MORE
BANKRUPTCY FAQ: MEDIAN INCOME FIGURES FOR NEW JERSEY BANKRUPTCY CASES EFFECTIVE NOVEMBER 1, 2020
BANKRUPTCY FAQ: MEDIAN INCOME FIGURES FOR NEW JERSEY BANKRUPTCY CASES EFFECTIVE NOVEMBER 1, 2020

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...

READ MORE
COVID-19 Bankruptcy Relief Extension Act Ends on March 27, 2022 – Act Now
COVID-19 Bankruptcy Relief Extension Act Ends on March 27, 2022 – Act Now

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”...

READ MORE
GBC REOPENING Policy – JUNE 2021
GBC REOPENING Policy – JUNE 2021

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...

READ MORE