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June 2016 Archives

The automatic stay and bankruptcy

One of the most difficult and stressful parts of having debt problems is the fact that borrowers become the targets of aggressive debt collection agencies. These debt collectors can be rude, invasive and they will track borrowers down wherever they are. They will even call distant relatives, workplaces and homes, and this can be just as embarrassing as it is stressful to deal with.

50 Cent close to finalizing his Chapter 11 bankruptcy process

Rap superstar 50 Cent is inches away from finalizing his bankruptcy. The rapper filed a tentative bankruptcy agreement that requires approval from the court. In the agreement, he agreed to settle his debts with creditors for $23.4 million. In order to meet these obligations, he plans to sell a multimillion-dollar mansion in Connecticut and use future proceeds he plans to receive in a $75 million malpractice recovery.

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At the law offices of William H. Oliver, Jr. & Associates in Toms River and Lakewood, New Jersey, we represent clients in Toms River, Neptune, Trenton, Middletown, Red Bank, Wall, Lakewood, Lakehurst, Manchester, Asbury Park, Old Bridge, Jamesburg, Barnegat, Forked River, Manahawkin, Ocean Township, Brick, Manasquan, Howell, Freehold, Hazlet, Bradley Beach, Brown Mills, Long Branch, Keansburg, Marlboro, Bayville, Beachwood, Whiting, Sayreville, South River, East Brunswick, Monmouth County, Ocean County, Middlesex County, Burlington County and Mercer County.