Quick Answer: Bankruptcy is often thought of as something for individuals with little income who have gotten themselves in debt, on the other end of the spectrum, corporations trying to navigate the twists and turns of the economy. However, there is another category of bankruptcy filers that has been increasing in recent years – Millennials.…
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Quick Answer: While those of us in Tastycake country may not have felt the same impact as the rest of the world when Hostess Brands company declared bankruptcy in 2012, there is good news coming for everyone who likes to snack on a Twinkie from time to time. The company has pulled itself out of…
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Quick Answer: Chapter 7 bankruptcy is often referred to as the “liquidation” bankruptcy because the bankruptcy trustee will liquidate property to pay your creditors before discharging certain remaining debts. While it may not sound attractive to have your property seized and liquidated, an experienced bankruptcy can help you find ways so that the benefits of…
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Quick Answer: While it is perfectly legal and is an important part of our economic system, bankruptcy still carries a stigma for many people. Interestingly, this perceived stigma is often directed at themselves but not at other people – put another way, while many people don’t judge others for filing for bankruptcy, they may not…
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Quick Answer: Filing Bankruptcy Across PA, NJ, NY & MD Many people who are experiencing financial problems are unsure when the right time may be to file for bankruptcy. Some people do not believe their overdue debts are “bad” enough to file and may wait too long, while others may file too soon and not predict some issues with…
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Quick Answer: When you think of businesses filing for bankruptcy, you may likely think of small, family-owned boutiques and small businesses that could not compete with big name retailers. However, large corporations are certainly not immune from financial troubles, especially in this changing economic climate, and many large companies in and around New Jersey have…
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Quick Answer: If you have experienced an illness, injury, loss of a job, or another life event that has caused you to fall behind on your mortgage, you may believe foreclosure is inevitable. However, in many cases, there are ways that an experienced mortgage attorney can help you get back on track with your payment…
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Quick Answer: If used wisely, credit cards can allow you earn reward points, finance vacations or large purchases for 0%, or other beneficial financial maneuvers. However, many people use credit cards irresponsibly and for the wrong reasons, such as to buy things they cannot actually afford. While credit cards can seem to help you stay…
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Quick Answer: What you Should Know as a Landlord While the year is not even halfway over, many major national retailers have already filed for bankruptcy in 2016. Some of the more familiar names involved in this corporate bankruptcy trend include Aeropostale, Sports Authority, PacSun, Fairway Market, and Vestis Retail Group, which operates chains Sport…
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Quick Answer: A case recently decided by a New Jersey tax court has clarified that environmental contamination can be considered when determining a property’s true market value for tax purposes, even if it possesses a “value in use” to the owner. This decision is significant, because it is contrary to the existing rule that commercial…
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