Archived
If you win a medical malpractice lawsuit filed 4 years after filing Chapter 7, can the trustee take monies owed to the creditor?
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Answered on September 15, 2012
I agree with other responses. If you listed a possible malpractice case in your bankruptcy schedules, then you are ok as the claim has been...
Archived
What is the process to cancell a judgement after a chpater 7 bankruptcy in New Jersey?
Steven's answer
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Answered on September 12, 2012
The judgment cannot be enforced against your other assets, but until it is removed from the chain of title, it stays as a lien clouding your title...
Can DMV Surcharges be included in Chapter 7 Bankruptcy?
Steven's answer
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Answered on September 08, 2012
I concur with Mr. Truesdale. That is why our practice is always to order a judgment search, which will pick up state government liens, called debt...
Archived
Chapter 7 Bankruptcy
Steven's answer
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Answered on September 06, 2012
Generally 3 months before your filing date. But if the trustee sees a need or issues to investigate, you might have to produce even up to 1 to 2...
Archived
In NJ filed Chpter 7, (07) reaffirmed 1st mort, not 2nd can i do short sale? Will i be liable for any deficiencies on 1st or 2nd
Steven's answer
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Answered on September 02, 2012
Even though you reaffirmed the first mortgage, if you remain in the property until a foreclosure complaint is filed, the first mortgage lender will...
Is there a time limit for amending a bankruptcy chapter 7 petition, after the discharge?
Steven's answer
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Answered on August 30, 2012
First you have to consider why you would need to amend. Is it to add a creditor, or to include an asset or lawsuit claim you forgot to list or...
Archived
I am taking over the lease of an existing deli and changing the name. do i register as an LLC?
Steven's answer
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Answered on August 26, 2012
An LLC is the preferred form of business in your situation. Check with the state right away about transfer of the lottery business. Be careful....
Archived
Unlisted debt on bankruptcy
Steven's answer
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Answered on August 23, 2012
As others have correctly noted, in New Jersey, Pennsylvania and Delaware (the 3d Circuit) a discharge in a "no asset" case where there is no money...
Archived
Can you claim bankruptcy if you own a business?
Steven's answer
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Answered on August 18, 2012
Not a problem. But how the business income and assets are treated in bankruptcy depends on the form of the business. If it is a corporation or LLC...
Archived
How good is a verbal agreement on a commercial business in the state of new jersey?
Steven's answer
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Answered on August 15, 2012
Other counsel are correct. Something in writing is always a good idea for major purchases or transactions. And any sale of goods over $500 needs to...
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