June 25, 2009
This is a popular topic with our New York and New Jersey bankruptcy clients. The answer to this questions, is as always . . . it depends. Technically, the ideal thing to do is discharge all your debt. However, a Chapter 7 will lower your credit and make it difficult to get new credit fast. …
June 8, 2009
We received many questions from our New York and New Jersey bankruptcy clients over this: Should I go with a debt relief agency or file a Chapter 7? Even though bankruptcy attorneys will be quick to suggest filing a Chapter 7, our approach is different. We advise everyone that bankruptcy must be a last solution, …
June 1, 2009
NEW YORK, March 31 (Reuters) – The top federal bankruptcy judge in New York on Tuesday defended Chapter 11 bankruptcy protection as a means for companies to preserve jobs and shed money-losing units in an orderly manner. After bankruptcy code reforms in 2005, fewer companies have exited Chapter 11 bankruptcy protection. Some critics in the …
June 1, 2009
NEW YORK, Jan 9 (Reuters) – New Jersey biodiesel producer U.S. Bioenergy of America, Inc, filed for bankruptcy protection this week, the latest bad news for the infant U.S. biodiesel industry, The company, based in Edison, New Jersey, filed for the protection in the U.S. Bankruptcy Court in Trenton, court records showed. The company, which …
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