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Children’s Clothing Retailer Gymboree Files for Bankruptcy

Joining a long list of brands scrambling to adapt, children’s clothing retailer Gymboree as filed for Chapter 11 bankruptcy protection. The announcement comes after the company has reportedly struggled with over $1.4 billion in debt. The bankruptcy first seeks to eliminate well over $900 million in debt. Initial plans outlined in the bankruptcy filing express…Read More

Japanese Airbag Maker Takata Files for Bankruptcy

Japanese airbag manufacturer Takata has announced their plan to file for bankruptcy both in the United States and in Japan. The bankruptcy comes after a decade long struggle with safety recalls for faulty products. Takata’s peak occurred in the early 90s after they had manufactured a more affordable type of airbag that initially showed a…Read More

New List Deems New Jersey with Highest Foreclosure Rates

Owning a home has its many costs. Even for homeowners without a mortgage, the steadily increasing cost of property and state taxes has even made living in a paid off home a financially difficult task for many. Just last year, over one in 142 homeowners faced foreclosure for a variety of reasons. A new study…Read More

Rapper Lil’ Kim Losing New Jersey Home to Foreclosure

According to Bergen County court records, rapper Lil’ Kim is set to lose her Alpine mansion to foreclosure. The mansion, which Kim bought for $2.2 million in 2002, has reportedly struggled to keep up with her payments for some years. Foreclosure proceedings were set forth by HSBC Bank in 2010. According to information obtained from…Read More

Federal Reserve Increases Interest, Debtors to Face Higher Costs

The Federal Reserve has increased the national interest rate by a quarter percentage point. This hike makes three increases since last December with more planned throughout the year. While the increase does not seem very high at a quarter percent, this increase can mean higher costs for consumers nationwide. The increase directly affects revolving leans…Read More

Client Testimonials

"Joel was very thorough in every aspect of preparation, presentation and representation of our very complex bankruptcy case. Joel and his staff
were extremely reponsive to our questions and concerns and made us feel that we were their most important client. Joel gave us every option
to consider and his objectiveness was a check and balance to our emotional perspective of our situation. In court Joel had a tremendous
rapport with the judges and court administrators which gave us great confidence in expecting a favorable outcome..." [read more]

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