Business & Commercial Law
New Jersey Law Blog
Major Changes are Impacting IRAs and QRPs – How is your Estate Plan Affected?
Posted in Business & Commercial Law
Recently, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) was enacted into law. The SECURE Act makes significant changes to the administration of Individual Retirement Account (“IRA”) and Qualified Retirement Plan (401k, 403b, etc.)(“QRP”), and was effective on January 1, 2020. For many people, an IRA or… Continue reading
Don’t Throw Away That Old Calendar – It Could Be Helpful in Your Divorce
Posted in Business & Commercial Law
As the year comes to an end, a new calendar was likely a present received during the holiday season. Many of us instinctively throw out an old calendar. But wait; it can be so much more than a trip down memory lane!
Expungements Erasing Your Mistake
Posted in Business & Commercial Law
We live in a time where information flows freely, quickly, and openly to both individuals and companies alike. As a result, the availability of a criminal record search, or other similar search concerning an individual is easily obtained. In fact, a search can often be performed without the consent or… Continue reading
End of the Year Bonuses – Do They Have to Be Shared with My Ex?
Posted in Business & Commercial Law
The end of the year is coming, and for many employees that means end of the year bonuses will be included in their paychecks this month. Many question whether their bonus should be included as “income” for the purpose of support obligations, as well as equitable distribution in the context… Continue reading
International Child Abduction and the Hague Convention
Posted in Business & Commercial Law
The world is increasingly becoming a smaller and more accessible place. Globalization and international employment opportunities have made it common for people to move or be transferred to foreign countries. The increased possibility of living abroad combined with marriage and/or children may result in complex issues. Which country’s laws apply… Continue reading
Estate vs. Non-Estate Assets
Posted in Business & Commercial Law
In the process of probating and administering a Last Will and Testament of a Decedent, questions may arise whether assets owned by the Decedent are considered Estate assets or non-estate assets. This is called the distinction between probate and non-probate assets. It is important for determining Estate taxes to make… Continue reading
Houlihan’s Files for Chapter 11 Bankruptcy; Rival, Landry’s LLC is Stalking Horse Bidder
Posted in Business & Commercial Law
HRI Holding Corp, aka the Houlihan’s restaurant chain, filed for Chapter 11 bankruptcy in Delaware under docket number 19-12415 on Thursday, November 14, 2019.
What Happens to Your Home During a Divorce
Posted in Business & Commercial Law
Deciding what to do with a marital home during a divorce can be tricky. Sometimes one or both parties wishes to retain the house after the divorce by buying the other spouse out of their interest. Other times, the parties may choose to sell the home either during the divorce… Continue reading
The Third Circuit Court of Appeals Hit Penneast Pipeline Company with Another Setback
Posted in Business & Commercial Law
The Third Circuit Court of Appeals hit PennEast Pipeline Company with another setback on November 5, 2019. The Court of Appeals denied the company’s request for a rehearing of the Court’s earlier decision, which held that the 11th Amendment of the United States Constitution prohibits PennEast Pipeline Company from suing… Continue reading
Sears Wants It’s Money Back… Debtor Filing Preference Complaints Against Trade Creditors
Posted in Business & Commercial Law
This past week, Chapter 11 debtor Sears Holdings Corporation (“Sears”) filed hundreds of preference complaints to recover money from paid pre-petition creditors. For most creditors, it must seem odd to be receiving a complaint to return money for goods or services sold prior to October 15, 2018 (the date when… Continue reading
