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...
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...
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...
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...
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...
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...
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...
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...
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...
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