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Bankruptcy

Wednesday, July 6, 2011

When Is It Time To Consider Bankruptcy?

Parsippany attorney shares thoughts about options to explore when faced with crushing debt.

Since the economic downturn began in 2008, bankruptcy filings have been on the rise overall across the nation. According to Scott Goldstein, an attorney in private practice in Lake Hiawatha, while the trend has been increasing, lately there has been a slight decline. He said this may be due to the fact that at this point, many people who would like to file for bankruptcy just can’t afford to do so. Goldstein, a graduate of Duke University Law School, practiced commercial litigation starting in 2004. Last year, he established his own practice focusing on bankruptcy, because he wanted to use his legal education doing work that brought him more personal fulfillment. “When I was working in commercial litigation, I worked for a large company …

Public Savings

4:52 pm on Wednesday, July 6, 2011

Whether you’re trying to rebuild your credit history or establish credit for the first time, the secured credit card from Public Savings Bank is great option to help achieve your goals. No credit check or checking account required and reports to all 3 major credit bureaus. www.Publicbankcard.com   more ›

Wednesday, May 25, 2011

NJ.com: Parsippany's Jackson Hewitt Files for Bankruptcy

The tax preparation company anticipates being free from court protection in 60 days.

Parsippany-based Jackson Hewitt Tax Service Inc. has filed for Chapter 11 bankruptcy, according to NJ.com. The tax preparation firm is under scrutiny by U.S. regulators over the company's participation in tax refund anticipation loans. Jackson Hewitt reported having $500 million assets and debts  and said it has made an arrangement with secured lenders that will let the firm exit court protection within 60 days. A Chapter 11 bankruptcy code permits financially troubled businesses to reorganize and continue operating. For the full story, click here.

Josela

12:53 am on Tuesday, May 31, 2011

Tax preparation service Jackson Hewitt recently filed for Chapter 11 bankruptcy protections. The company is using a prearranged bankruptcy restructuring plan, so it will be a quick bankruptcy. New regulations made it extremely hard to secure financing for tax refund loans, making it really hard on Hewitt and other tax preparation firms. Refund anticipation loans are frequent targets of certain …   more ›

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