Michael J Fitzpatrick

Michael J Fitzpatrick

September 08, 2022 | New Jersey Law Journal

Assignment for the Benefit of Creditors? One Creditor's Experience With an Archaic State Insolvency Process

This article provides insight, from a creditor's perspective, into the ABC process in New Jersey. "My advice to any creditors that find themselves in an ABC is to try to move it to a federal bankruptcy court as soon as possible."

By Michael J. Fitzpatrick and Mark Salah Morgan

9 minute read

July 01, 2014 | New Jersey Law Journal

Creditors Must Maintain Abandoned Property Before Foreclosure Is Completed

On May 15, Gov. Chris Christie signed into law Assembly Bill A347, which authorizes municipalities to impose penalties on creditors that fail to timely remedy code violations and/or abate nuisances on vacant residential properties in foreclosure, even if the creditor does not own the property and has no intention of taking ownership of it.

By Joy Harmon Sperling and Michael J. Fitzpatrick

6 minute read