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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”...

The Social Security Administration (SSA) announced that benefits will increase by 1.3% in 2021 for the annual cost of living allowance (COLA). Obviously, social security benefits are essential for older Americans to maintain current in their household expenses. The historically low COLA...

As the health and public safety concerns surrounding the Coronavirus (COVID-19) pandemic continue to increase, Gillman Capone, (Gillman Capone), is monitoring the situation closely. Our primary concern is the safety and well-being of our employees, family, community and clients. An...

Through our firm’s Thanksgiving Food Drive, this year we are looking to give back to those in need within our New Jersey community...