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February 2012 Archives

Efforts to stop foreclosure hit snag, more expected in New Jersey

The foreclosure locomotive in New Jersey appears set to pick up steam once again. The process was slowed considerably over the last two years because of an investigation by the state attorney general's office into allegations of fraud in the home repossession legal process.

Chapter 7 bankruptcy protection sought by Hollywood star

If anyone needs any more proof that the Great Recession has affected all income levels across New Jersey and throughout the country, perhaps it came this past week with news that Hollywood star Gary Busey has filed for bankruptcy protection.

Bankruptcy an option for those with medical debt

Unfortunately, many New Jersey residents know all too well that a catastrophic illness brings more than just medical hardship for individuals and their families. First, the serious illness itself must be confronted just to stay alive. But the second part of the equation is the financial turmoil the illness creates, often wiping out personal savings to the extent that there is not enough money to maintain vital medical insurance. And the sad fact is that many do not even have sufficient insurance coverage in the first place. The result is that the inevitable mounting medical debt has forced people who are already suffering through no fault of their own to file for bankruptcy protection, often while they are struggling to defeat the disease that befell them.

Sports agent who inspired "Jerry Maguire" files for Chapter 7

The sports agent who inspired the movie "Jerry Maguire" has filed for bankruptcy, chronicling a slow descent into financial turmoil fueled by alcohol and divorce. Leigh Steinberg may no longer be a poster boy for the movie's catchphrase "show me the money," but he is now working to reconstruct his life, starting with filing for bankruptcy.

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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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