If I file personal bankruptcy do I have to claim my S corporation as assets?

Your S Corporation's assets would not be part of your bankruptcy and would not have to be listed on your bankruptcy schedules. However, your...

When the Chapter 7 Trustee issues a report of no distribution of assets, it means that the Debtor (you) does not have any property that can be used...

Corporations filing bankruptcy

Bankrutpcy exemptions are limited to individual debtors. An LLC will not have any bankruptcy exemptions and all of its assets will be liquidated...

NJ. If you get hit with a huge lawsuit as an individual can you file bankruptcy and later have it dismissed if you settle?

First, the bankruptcy case will not affect the validity of the New Jersey State Court Lawsuit. While filing a bankruptcy will stop the progress of...

If my debt is purchased from my original credit card company by another company, do I still owe the debt?

Yes. Without reading the contract, I am going to assume that all credit card agreements allow the credit card company to assign the contract to...

Should an accountant in the State of NJ who runs a business and commits fraud in its operation, be able to go bankrupt?

If an individual has committed fraud, you can make a motion to have his or her entire discharge denied pursuant to Bankruptcy Code section 727 or,...

Final Disposition

You have two options: 1.) You can get a limited amount of information online at http://njcourts.judiciary.state.nj.us/web1/ACMSPA/ First,...

You really need to talk to an attorney about your son's tution payments (I am assuming you were a co-signer on his student loans). In order to get...

I have mold growing in my basement in the house I rented.

The first step I would take is to document the mold problem (i.e., take pictures (and email them to yourself so you can find them later) and...

Deli next to mine

It really depends on the terms of your lease. It is not uncommon for tenants in shopping centers (e.g. strip malls, malls, adjoining properties...