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 were able help those with little. Through our firm’s Thanksgiving Food Drive, this year we were able to give back to those in need within our...

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

Justin M. Gillman, Esq., of Gillman & Gillman, , will be presenting a seminar entitled "BOOT CAMP: Foreclosure and Loan Workout Procedures" for the National Business Institute (NBI) on Tuesday, December 8, 2015, in Princeton, New Jersey.   The Seminar is...

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Bankruptcy News: Phone Scammers Targeting Bankruptcy Filers
Bankruptcy News: Phone Scammers Targeting Bankruptcy Filers

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 IRS and other debt collection matters. Now, a recent scam...

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

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, 2015.  See here.   Effective April 14, 2015, the base rate...

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New Jersey Foreclosure Rates Highest in Nation in 1st Quarter 2014
New Jersey Foreclosure Rates Highest in Nation in 1st Quarter 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 indicated that 8% of New Jersey mortgage loans were in...

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

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 Protection Act of 2005 (BAPCPA), the Office of the United...

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

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 under the federal mortgage forgiveness act.    However, Congress allowed the...

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