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…
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…
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…
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…
Quick Answer: Many people enjoy sharing photos, videos, thoughts, and stories on various social media sites including Instagram, Facebook, and Twitter. However, if you are in the midst of any type of legal case, social media information can often impact the outcome of your case. Bankruptcy is no different and recent events in the case…
Quick Answer: St. Thomas More Award 2015-2016 – Sponsored by Mr. Michael Siddons, Esq. Involvement in the community is an important part of my practice, as such, I am sponsoring a scholarship award for the 2015-2016 school year. $500 tuition assistance scholarship awarded to a Christ the Teacher Student Year 1: Preference given to a…
Quick Answer: Recently, Attorney Siddons was successful in having his client awarded $15,000.00 in statutory damages against a debt collector who violated the Telephone Consumer Protection Act (“TCPA”), 47 U.S.C. § 227 et seq. INTRODUCTION TO THE TELEPHONE CONSUMER PROTECTION ACT The TCPA prohibits “any person within the United States, (or any person outside the…
Quick Answer: In 2008, the Internal Revenue Service (IRS) began a program called the Fresh Start, which aimed to assist those with back taxes. This program provides taxpayers with back taxes and other Federal tax debts with a range of alternatives. It also increases the original liability coverage from $25,000 to $50,000 with monthly payments…
Quick Answer: In two cases involving the Bank of America in 2015, the Supreme Court held that even multiple mortgages on the same property (each is known as a junior lien mortgage), cannot be void in a Chapter 7 Bankruptcy debt if the value of collateral securing the debt is less than the outstanding indebtedness…
Quick Answer: It might be a difficult topic to think about, but once you have a child, you have to think about who you would want to take care of your child in the event you are no longer able to. Though it is tough, naming someone as guardian of your child or children establishes…
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