by Jay Silverberg | Jan 12, 2021 | Bankruptcy, Blog
Whether a Chapter 7 bankruptcy filing is the optimal choice for a financially struggling New Jersey business depends on many factors, including: Whether the business is structured as a sole proprietorship or as a corporate entity or as a partnershipThe nature and...
by Jay Silverberg | Jan 7, 2021 | Bankruptcy, Blog
Subchapter 5 bankruptcies are a relatively new type of bankruptcy proceeding created by the Small Business Reorganization Act (“SBRA”) — 11 U.S.C. §§ 1181, et seq. The SBRA was passed by Congress in late 2019 and became effective in mid-February 2020. Subchapter 5...
by Jay Silverberg | Jan 5, 2021 | Bankruptcy, Blog
In general, for individuals living here in New Jersey and elsewhere across the country, there are two types of bankruptcies that can be filed: Chapter 7 and Chapter 13. Chapter 7 is for complete and full discharge — elimination — of qualified debts and...
by Jay Silverberg | Nov 10, 2020 | Bankruptcy, Business lawyer
People who start businesses pour a lot of resources and energy into seeing their venture succeed. Just like parents nurturing children, business owners ensure their company’s growth in all ways they can, including consulting professionals. In child-rearing, the...
by Jay Silverberg | Nov 9, 2020 | Bankruptcy, Blog
Meeting the Trustee- Preparing for and Attending the 341 Meeting A common concern for many consumer debtors who file for Chapter 7 or Chapter 13 relief is attending their 341 Meeting of Creditors. The Meeting of Creditors or 341 Meeting happens for both bankruptcy...
by Jay Silverberg | Oct 26, 2020 | Bankruptcy
A Brief Guide to Discharging Student Loans in Bankruptcy If you’re crushed by student loans with no end in sight, you may have thought about bankruptcy. But can you wipe out (or “discharge”) student loans in bankruptcy? Many people think you can’t. And most of the...
