News & Information

2025 saw a significant rise in bankruptcy filings across the nation, with total cases reaching 574,314, an 11% increase over the previous year, according to the Administrative Office of the U.S. Courts. At Gillman Capone, we understand that these statistics...

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...

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...

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...

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...

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 Coronavirus outbreak has caused the unprecedented shutdown of businesses by the government. While this may be necessary to control the spread of the virus, the shutdown is having a devastating effect on businesses throughout the country. With New Jersey...