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East Orange: 973-677-9000
Paterson: 973-247-9445
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October 2015 Archives

Can a Chapter 7 filing help struggling family business owners?

Individuals, rather than businesses, may more commonly utilize the liquidation provisions offered by a Chapter 7 bankruptcy filing. However, a recent article reminds us that this type of bankruptcy may also be appropriate for sole proprietorships and/or family-owned businesses. 

Should bankruptcy be seen as more than a last resort?

A recent article provided a checklist for businesses considering whether bankruptcy might be in their best interest. Yet is the analysis different depending on whether the filer will be an individual or a business? As a law firm that has helped both individuals and business owners examine their debt management choices, we see many parallels. 

How soon can credit be rebuilt after a Chapter 7 discharge?

Readers may still associate a bankruptcy filing with certain stereotypes or stigmas. Some may believe that only consumers with poor debt management skills utilize the protections offered by this area of federal law. Others may view a Chapter 7 filing as a last-resort option that results in a black mark on one’s credit rating.

Are there common misconceptions surrounding a bankruptcy filing?

Unexpected financial situations may be hard to recover from, as two local celebrities are learning the hard way. Specifically, two cousins from Jersey City and Ramsey who co-hosted a program on HGTV have filed for bankruptcy after an unfavorable arbitrator’s ruling that left them with hundreds of thousands of unsecured debt. The arbitration involved an unhappy customer seeking damages from a renovation project.

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  • NACBA | National Association of Consumer Bankruptcy Attorneys
  • NACA | National Association of Consumer Advocates
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Goldman & Beslow, LLC

Goldman & Beslow, LLC is a Federal Debt Relief Agency by an Act of Congress. We have proudly assisted consumers seeking relief under the U.S. Bankruptcy Code for over 38 years.

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EAST ORANGE
OFFICE
7 Glenwood Avenue,
Suite 311B
East Orange, NJ 07017
East Orange Law Office

Phone: 973-414-8069
Phone: 973-419-7631
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
Fax: 973-675-5886
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NEWARK OFFICE 168 Bloomfield Avenue
Newark, NJ 07104
Newark Law Office

Phone: 973-483-1333
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
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PATERSON OFFICE 100 Hamilton Plaza,
Suite 405
Paterson, NJ 07510
Paterson Law Office

Phone: 973-247-9445
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
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JERSEY CITY OFFICE 26 Journal Square,
Suite 603
Jersey City, NJ 07306
Jersey City Law Office

Phone: 201-659-6226
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
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