September 08, 2022 | New Jersey Law Journal
Assignment for the Benefit of Creditors? One Creditor's Experience With an Archaic State Insolvency ProcessThis 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 CompletedOn 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