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Discharging Personal Income Taxes in Bankruptcy: An Overview

Posted by July 14, 2015

The Internal Revenue Service (“IRS”) is the 100 pound gorilla in the room when it comes to filing for bankruptcy, because with limited exceptions income tax debts are not dischargeable in bankruptcy. The purpose of this post is to review the limited exceptions that enable individuals to discharge federal and state income taxes in Chapter 7, Cha ... Read More.

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Federal Court Rejects False Statement Claim Against NJ Debt Collection Law Firm

Posted by July 14, 2015 , , ,

In a precedential opinion issued on June 30, 2015, the United States Court of Appeals for the Third Circuit affirmed the lower court's dismissal of a putative class action complaint filed by a consumer against a law firm and its client for allegedly violating a provision of the Fair Debt Collection Practices Act ("FDCPA") that prohibits a debt coll ... Read More.

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NJ Appellate Court Holds That Law Firm’s Subsequent Mortgage Lien has Priority Over Factoring Company’s Earlier Recorded Mortgage Providing for Optional Advances

Posted by July 2, 2015 , ,

It's the rare occasion that a prior recorded mortgage is held to be inferior to a subsequently recorded mortgage. But that was the ruling by the New Jersey Appellate Division in a decision published on June 17, 2015.  Rosenthal & Rosenthal vs. Riker, Danzig, Sherer, Hyland & Peretti, L.L.P., (Docket No. A-2890-13T3 (App. Div. 2015).  This ... Read More.

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