Most Americans have debt these days - it's really only a matter of how much and whether each individual has the capacity to pay it. In today's economy, more and more people are simply unable to do so. Understandably, many New Jersey residents don't want to talk about...
Chapter 7
New Jersey bankruptcy: ACA governs medical bill collection
Most New Jersey residents would agree that going to the doctor can be nerve wracking. Depending on why a patient is there, doctors and nurses are performing examinations and tests that aren't often comfortable. Then the bill comes, and patients often wonder which was...
New Jersey debtors, like sports stars, find relief in bankruptcy
New Jersey residents may be among many who imagine that someone in the public eye, such as an athlete or actor, must be rolling in the money and well away from financial trouble. While this may be the case for some who are actively working in the public eye, when a...
Cancer patient hotline likely to file bankruptcy
For any Essex County business, it is important to make wise decisions for the future prosperity of the business. Even if these decisions seem to be good for the future of a business at the time they are made, though, one cannot always foresee how certain decisions...
High competition often cause of bankruptcy for manufacturers
In any industry, outside competition that drives down prices can cause financial problems for companies who are unable to compete. Recently, companies that manufacture products for the renewable energy industry have been experiencing exactly this. As Essex County...
Despite growth, Konarka files for Chapter 7 bankruptcy
Residents of New Jersey may be familiar with the growth that the solar power industry, as well as other "green" industries, has been seeing across the country. However, a disparity apparently exists in the industry between the installation companies, where business is...
38 Studios may be facing a Chapter 7 bankruptcy filing
Recently, 38 Studios, a video game design company, laid off a staff of nearly 400 employees. The company, as some New Jersey residents may be aware, is headed up by former ace pitcher Curt Schilling and has been facing financial difficulty for some time. Though it is...
‘Octomom’ files for Chapter 7 bankruptcy, seeks fresh start
Nadya Suleman, likely better known to most New Jersey residents as the Octomom, has recently filed for bankruptcy. The mother of 14 has a mountain of debt to deal with -- about 20 times the amount of her assets -- that her Chapter 7 bankruptcy filing will work to cut...
Chapter 7 upends Jersey City children’s gym
The ongoing recession that began in 2008 continues to hit our communities hard. Small businesses in New Jersey, especially those offering so-called nonessential products and services, have had their share of struggles trying to survive in a down economy. These types...
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. The long-time actor, once...