Chapter 7 for Businesses vs. The ABC Liquidation Process

Operating a business is hard work. Keeping a business open for the long haul is even harder. According to the U.S. Bureau of Labor Statistics, about 20% of small businesses close within their 1st year of operations. Around 50% of small businesses close by their 5th year of operations. In the end, only 33% of [...]

Filing Chapter 7 Bankruptcy In 2021 – How Does It Work & Do You Qualify?

When most people think about the word “bankruptcy,” they’re thinking about filing Chapter 7 bankruptcy. It’s the simplest kind of bankruptcy. It is also the most common kind of bankruptcy. But Chapter 7 can also be the most risky kind of bankruptcy. Most people file Chapter 7 bankruptcy with the expectation that, because they don’t [...]

2021-02-22T20:22:36+00:00February 19th, 2021|Bankruptcy, Chapter 7 Bankruptcy|

Bankruptcy in New Jersey – Everything You Need to Know in 2021

Bankruptcy is a big deal. It’s a powerful, complex and, for most people, a very confusing concept. Bankruptcy in New Jersey is especially complex in 2021 due to new laws and regulations related to the pandemic. We’ve created this guide to make it easier for you to understand the most important bankruptcy concepts, from a [...]

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