William Yadlon Bankruptcy, 732-828-1000, Law East Brunswick, Middlesex, New Jersey NJ

CHAPTER 7 BANKRUPTCY Chapter 7 bankruptcy is also called liquidation bankruptcy. The debtor has to turn over to a court-appointed trustee all of the debtor’s non-exempt property for sale. Money obtained from the sale is used to pay off expenses and creditors, based upon certain priorities. Any debt remaining is discharged by order of the bankruptcy court, meaning that the debtor no longer is required to pay back the debt. The bankruptcy laws are not designed to take every piece of … [Read More...]

CHAPTER 13 BANKRUPTCY Chapter 13 bankruptcy has been known by several names including “Reorganization” “Adjustment of Debts” and “Wage Earner Plan”. The concept behind Chapter 13 bankruptcy is that the debtor formulates a plan which takes into account income and subtracts living expenses ultimately leading to a monthly surplus that is paid over to a trustee assigned by the Bankruptcy Court to administer the case. The surplus, or Chapter 13 plan payments are used to pay off … [Read More...]

In over 27 years as an attorney I have performed over 10,000 residential and commercial real estate closings of all types. With my paralegals and secretaries, we close real estate transactions with great professionalism developed from this experience. We get the job done and please everyone with our service. Real estate closings are serious matters for buyers, sellers and home owners refinancing their property. They are simple only when nothing goes wrong. However, these transactions involve many individuals … [Read More...]