The United States Bankruptcy Court for the District of New Jersey is responsible for handling bankruptcy cases throughout the state. As part of the federal court system, bankruptcy cases arise from the Bankruptcy Code and are heard exclusively in federal courts rather than state courts. The New Jersey Bankruptcy Court operates in the Third Circuit and provides [...]

Understanding Bankruptcy Exemptions and Lien Avoidance in New Jersey If you're a New Jersey homeowner facing financial difficulties, bankruptcy may offer a path to a fresh start while protecting your most valuable assets - your home. One powerful bankruptcy tool that may be at your disposal is the ability to "avoid" certain liens that impair [...]

At our Firm, we increasingly handle Chapter 11 bankruptcy reorganizations for businesses and individuals arising from Merchant Cash Advances (MCAs). While MCAs are advertised and sold as convenient solutions for a business' immediate cash flow needs, they frequently cause businesses and their owners distress. In short, while MCAs are often legally valid and enforceable, to [...]

The goal of every bankruptcy is to balance the rights and interests of the debtor (the person or company that files bankruptcy) against those of the debtor’s creditors (the people or companies owed money by the debtor). A bankruptcy judge is the final say when there are disputes on how to balance these competing rights [...]

Medical debt is a big problem in America. It’s been reported by CNBC that approximately 30% of working Americans have some kind of medical debt. A majority of Americans with medical debt report that they’ve defaulted on that debt. Further, it was reported that in 2016, more than 1 in 4 American families experienced issues [...]

For those struggling with debt, worn out by litigation, threatened by foreclosure, or facing other financial issues, bankruptcy may offer a lot of relief. In some cases, bankruptcy is the best option to address many of these issues all at once. Getting rid of debt is the most obvious benefit of filing for bankruptcy. But [...]

There are many benefits of filing bankruptcy, for both businesses and individuals. The benefits of filing bankruptcy include but are not limited to, the discharge of overwhelming debt. However, filing for bankruptcy is not without its drawbacks and potential pitfalls. Considering the complexity of bankruptcy, it’s very important that people consult with experienced bankruptcy counsel [...]