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November 2011 Archives

Casino company able to stop foreclosure on one property

New Jersey residents who are employed by the casino formerly known as the Atlantic City Hilton can feel a little relief with the news that it will remain open. The parent company was able to reorganize debts and stop foreclosure on the casino now known as ACH. But it means two Mississippi casinos owned by the parent company will be foreclosed on in the process.

Group rallies to stop foreclosures despite October snowstorm

An October snowstorm did not stop protesters from rallying against home foreclosures on Oct. 29. The Coalition to Save Our Homes marched in Irvington, New Jersey, to demand that action be taken against lenders. Holding up signs saying "Stop Foreclosures," they allege that mortgage lenders deliberately overpriced the market.

Is bankruptcy in the cards for previous owner of The Pier Shops?

Due to the sluggish economy, many companies are struggling to meet their financial obligations as consumers scale back on purchases. That has forced many companies to file for bankruptcy, and it may also explain the troubles facing an upscale shopping venue in Atlantic City, New Jersey. The venue was recently bought by lenders at a foreclosure auction.

New Jersey study shows need for debt relief

Downward trends in the economy will have devastating effect on families, homeowners, business owners and the community. When New Jersey citizens are unemployed, they also tend to accumulate personal debt. When they have too much personal debt, they cannot afford their house and other monthly payments and will tend to default on loans. It's either this or they seek options such as bankruptcy relief.

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At the law offices of Minion & Sherman, our New Jersey bankruptcy attorneys have been providing families with real solutions for more than 20 years.

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