Posts Categorized: Foreclosure

New Jersey Bankruptcy in 2015: Everything You Need to Know

Filing a bankruptcy is a big decision and it can be a little overwhelming. We’ve put together this list of all the important things you need to know so that you can make your decision with all the facts in 2015. Types of Bankruptcy There are two main types of consumer bankruptcy: Chapter 7 and… Read more »

Surviving Casino Closures: Unemployment in Atlantic City

The famous Atlantic City casinos are closing, which means thousands of Atlantic City residents are finding themselves unexpectedly unemployed. The casinos have been struggling for years, but stiff competition from Las Vegas and casinos in surrounding states have simply overwhelmed the boardwalk. Four casinos have closed already in 2014. As of September 2014, Atlantic City… Read more »

Debtor Files Multiple Bankruptcy Cases to Stave Off Foreclosure

In re Johnson, 2013 W.L. 172455 (Bankr. D.S.C. 2013) You must file bankruptcy in good faith, not as an attempt to game the system The court will dismiss, with prejudice, serial filings intended to stall foreclosure with no intention or ability to reorganize and may grant in rem relief to creditors. Bankruptcy is for reorganization…. Read more »