Post Marine Company, a yacht manufacturing company based out of Mays Landing, New Jersey, claimed $5.4 million in debt, and only $1.4 million worth of assets during a recent appearance in bankruptcy court. The company filed for Chapter 7 bankruptcy and will soon be...
Month: April 2011
Bankruptcy rocks New Jersey Ridgefield project
New Jersey contractor Joe Wilson believed his invitation to work on a Ridgefield construction project was a good opportunity. However, it's been two years since the project's completion, and Wilson is still owed $300,000 for his efforts. Wilson is one of the 29...
Foreclosure activity down 44 percent in New Jersey
Each quarter, RealtyTrac compiles foreclosure data from across the country. Last week, the company announced the foreclosure numbers for the first quarter of this year. According to their report, the foreclosure rate was down by 44 percent in New Jersey when compared...