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Chapter 7 Bankruptcy in New Jersey When You Personally Guaranteed the Company's Debts
Dissolving your LLC does not erase the personal guarantee you signed on the lease, the SBA loan, or the equipment financing. This guide explains how a Chapter 7 bankruptcy in New Jersey discharges guaranteed business debt, why the entity itself never receives a discharge, how the means test and the federal exemption election work for New Jersey filers, what Section 523 never wipes out, and the insider preference and fraudulent transfer traps that can cost an owner the dischar
Peter Lamont, Esq.
Sep 79 min read
Understanding Chapter 7 Bankruptcy Discharge and its Exceptions
This blog post will discuss the exceptions to a Chapter 7 discharge outlined in Rule 4004.
Peter Lamont, Esq.
Apr 4, 20235 min read
What Cannot Be Discharged in a Chapter 7 Bankruptcy: Know the Limits
Chapter 7 bankruptcy allows individuals to eliminate a significant portion of their unsecured debt and achieve a fresh financial start....
Peter Lamont, Esq.
Mar 27, 20233 min read
What is Chapter 7 Bankruptcy?
Chapter 7 is one of the most common forms of bankruptcy in the United States, offering relief for individuals and businesses alike who...
Peter Lamont, Esq.
Mar 27, 20234 min read
The Importance of Hiring a Bankruptcy Attorney for Your Chapter 7 Bankruptcy
Filing for Chapter 7 bankruptcy can be a complex and daunting process involving numerous legal requirements, paperwork, and deadlines....
Peter Lamont, Esq.
Mar 27, 20234 min read
Dealing with the Emotional Impact of Bankruptcy
This post will discuss the emotional impact of bankruptcy, provide strategies for coping with these feelings
Peter Lamont, Esq.
Mar 27, 20234 min read
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