279 days ago
If you are going through or anticipate going through foreclosure proceedings in New Jersey, you may be able to request mediation which may allow you to avoid declaring bankruptcy. In an effort to help resolve the growing number of foreclosure actions in New Jersey by encouraging work-out and payment arrangements between distressed borrowers and lenders, [...]
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Hiring a competent New Jersey bankruptcy attorney is highly recommended to assist with Chapter 7 bankruptcy issues. While it is possible to file a bankruptcy case without the assistance of an attorney, it is extremely difficult to do so successfully because the relief available to you, the obligations imposed on you and the ramifications associated [...]
What Happens When A Company Declares Bankruptcy?
Recently, Harry & David (the mail-order food company) declared for Chapter 11 Bankruptcy protection. They are far from the first company to face tough times and declare bankruptcy, but what exactly is Chapter 11 Bankruptcy and how is it different from Chapter 7 or 13? What Is Chapter 11 Bankruptcy? Unlike Chapter 7 and Chapter [...]
Bankrupt Crystal Cathedral: An Hour Without Power?
Recently, the Crystal Cathedral, a megachurch in Orange County, well known for broadcasting the “Hour of Power” to over 1 million people in over 150 countries, has filed for Chatper 11 bankruptcy. The church was originally started by Rev. Robert Shuller in a rented drive-in movie theater in 1955. However, the Cathedral is suffering under [...]
Banks Suing For $100,000s From Previously Foreclosed Homeowners
By Mark Sweet, ESQ Today, the reality is that many people are walking away from their homes at record rates. Many people will either go into foreclosure or try a short sale. In a shot sale, the common understanding is that the bank will accept a bid for less than the house is worth. Why [...]
