coronavirus stimulus package: will it be enough to save small businesses

Posted by Marc Capone on March 30, 2020

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…

CORONAVIRUS AND SMALL BUSINESSES: BOUNCING BACK FROM THE PANDEMIC

Posted by Marc Capone on March 27, 2020

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…

Gillman & Gillman to Present Seminar: BOOT CAMP: Foreclosure and Loan Workout Procedures

Posted by Justin Gillman on November 11, 2015

Justin M. Gillman, Esq., of Gillman & Gillman, LLC, will be presenting a seminar entitled “BOOT CAMP: Foreclosure and Loan Workout Procedures” for the National Business Institute (NBI) on Tuesday,…

Bankruptcy News: Phone Scammers Targeting Bankruptcy Filers

Posted by Justin Gillman on October 28, 2015

Phone scamming from public information is becoming more and more prevalent with the access to information through online resources. We have seen firsthand the impact of phone scams involving the…

Loan Modifications: Freddie Mac Announces Increase in Standard Interest Rates for Modifications

Posted by Justin Gillman on April 10, 2015

Freddie Mac has announced that the base interest rates on Freddie Mac Standard Loan Modifications and Streamlined Modifications will increase for the first time in several years effective April 14,…

New Jersey Foreclosure Rates Highest in Nation in 1st Quarter 2014

Posted by Justin Gillman on July 8, 2014

The Mortgage Bankers Association, which monitors and reports on foreclosure rates, reported that New Jersey surpassed Florida as the state with the highest rate of “loans in foreclosure”. The report…

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Resumption of Random Audits by US Trustee of Consumer Bankruptcy Cases.

Posted by Justin Gillman on March 1, 2014

Resumption of Random Audits of Chapter 7, Chapter 11, and Chapter 13 Consumer Bankruptcy Cases. Random Audits of Under the Bankruptcy Code, beginning with the Bankruptcy Abuse Prevention and Consumer…

Mortgage Forgiveness Act Exemption Expired on December 31, 2013 And May Have Major Impact on Homeowners Decision to Pursue Bankruptcy in Foreclosure

Posted by Justin Gillman on February 6, 2014

Since 2007, homeowners who conducted short sales and other loss mitigation alternatives on their properties were able to exempt any income associated with their mortgage company’s write-off of any debt…

Bankruptcy filings fell in New Jersey 2012 continuing decline

Posted by Justin Gillman on January 23, 2013

Based on recent statistical data, bankruptcy filings fell in 2012. The article has some interesting trends about bankruptcy filings including a state-by-state analysis. Filings in New Jersey Bankruptcy…

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