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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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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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...

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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...

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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...

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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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Coronavirus Stimulus Package: Will It Be Enough To Save Small Businesses
Coronavirus Stimulus Package: Will It Be Enough To Save Small Businesses

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...

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CORONAVIRUS AND SMALL BUSINESSES:  BOUNCING BACK FROM THE  PANDEMIC
CORONAVIRUS AND SMALL BUSINESSES: BOUNCING BACK FROM THE PANDEMIC

Even if you have have operated your business in the most prudent of manners, it is likely that you still have at best, enough reserve capital to operate your business for three months without bringing in any or very little...

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