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 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...
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...
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...
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...
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...
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...
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...
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...
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...
Gillman Bruton Capone Law Group
N/a
