Social Security Benefits will have record low increase in 2021

Posted by Justin Gillman on October 19, 2020

The Social Security Administration (SSA) announced that benefits will increase by 1.3% in 2021 for the annual cost of living allowance (COLA). Obviously, social security benefits are essential for older…

Bankruptcy Law Changes Approved by House Committee

Posted by Justin Gillman on September 30, 2020

The U.S. House Judiciary Committee has approved two (2) important potential changes to the Bankruptcy Code to protect consumers who are faced with overwhelming debt. Student Loan Debt The Committee…

Cover Your Assets: Asset Protection for New Jersey Business Owners

Posted by Justin Gillman on August 18, 2020

Going into business for yourself is a risky endeavor. From investing in goods and services and hiring employees to simply carrying out the daily tasks related to your business, each…

Bankruptcy Courts rule SBA must consider Bankrupt Applicants for loans

Posted by Marc Capone on June 1, 2020

Judge Cynthia C. Jackson of the U.S. Bankruptcy Court for the Middle District of Florida became the latest judge to rule that the Small Business Administration cannot reject an applicant…

Impact of COVID-19 on Chapter 7 Bankruptcy Discharges

Posted by Justin Gillman on May 22, 2020

The Coronavirus (COVID-19) pandemic has affected even the New Jersey Bankruptcy Court normal process of entering a discharge in a Chapter 7 Bankruptcy case. We applaud the New Jersey Bankruptcy…

recent case liberally interprets sub-chapter V eligibility

Posted by Marc Capone on May 20, 2020

The Small Business Reform Act defines small business debtor as a person engaged in commercial or business activities (including any affiliate of such person that is also a debtor under this title and excluding a person whose primary activity is the…

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