Under Section 521 of the Bankruptcy code, an individual debtor is obligated to choose how to treat the collateral of a secured creditor. Under the Code, the choices are: reaffirm the debt, redeem the collateral, surrender it, or claim the property as exempt. The debtor must file a Statement of Intention which explicitly lists the […]

The take-home lesson for worried home builders is that promotional materials should correctly describe your work and ensure you deliver what you advertise.

Understanding and clearly conveying possible defenses will aid businesses confronting bankruptcy preference clams.

Although some business losses are inevitable, there are tactics to minimize avoidable losses when a customer files bankruptcy.

An inherited IRA that meets the requirements of the NJ Statute and satisfies the 5-part Yuhas test is beyond the reach of bankruptcy trustees in New Jersey, per a recent decision from .

People engaged in schemes falling within the historical purview of “actual fraud” will no longer find refuge in the bankruptcy courts.

The Pennsylvania Supreme Court recently addressed key bankruptcy law questions regarding amendments and relation-back approach.

The Bankruptcy Code provides numerous protections for debtors in order to facilitate the goal of enabling a fresh start. Section 305(b) of the Code even permits a case to be reopened for various reasons, including “to accord relief to the debtor.”

One of the biggest hassles in the course of commercial litigation is defending depositions of your key players.

Who is it?  Which neighbor is “that neighbor” – the loud, unruly one who just seems to attract trouble?  Unfortunately, too many neighborhoods have “that neighbor,” hosting late night parties, parking their cars or RVs wherever they please, blasting their television or music, or maybe just being ornery and difficult to get along with.  Now, […]