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 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 | Jan 1, 2021 | Blog
If you own a New Jersey business with less than $7.5 million in qualified debt and you are considered filing for bankruptcy protection, time is running out to file under Subchapter 5. With the continuation of the COVID-19 pandemic, many small businesses are struggling...
by Jay Silverberg | Dec 30, 2020 | Blog, Business lawyer
For New Jersey businesses struggling under the weight of the COVID-19 pandemic, Congress recently provided relief in the form of “second draw” loans under the Paycheck Protection Program (“PPP”). In March 2020, Congress passed the CARES Act...
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...
