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Kridel Law Group Legal Blog

Trust 101: Spendthrift Trusts

Posted by Kridel Law Group | Jun 04, 2020 | 0 Comments

WHAT IS A TRUST? Very simply put, a trust is a device that allows your contemplated beneficiaries to skip the Court process of probate, as to the assets that you wish to have them receive directly. This saves time and money with respect to Court and attorney fees, and likely additional grief afte...

There May Be Relief For Your Tax Debt

Posted by Kridel Law Group | Jun 04, 2020 | 0 Comments

When filing for bankruptcy, one of the questions often asked is whether or not tax debt is dischargeable. The long and short of it is yes and no. Yes, some tax debt is dischargeable, as long as certain requirements are met. And no, most tax debt cannot be discharged. WHAT TYPE OF TAX DEBT IS DISC...

The Means Test For Chapter 7 and Chapter 13 Matters

Posted by Kridel Law Group | Jun 04, 2020 | 0 Comments

The most common bankruptcy filed is that of a Chapter 7, a liquidation for individuals or businesses which is designed to eliminate all debts. In exchange, your assets are liquidated, subject to certain exemptions, which allow you to retain certain assets. Secured debt is treated differently, as ...

Money Laundering And The Bank Secrecy Act

Posted by Kridel Law Group | Jun 04, 2020 | 0 Comments

The Bank Secrecy Act of 1970 (BSA) was enacted to prevent white collar crimes such as money laundering, tax evasion, or other financial crimes. The BSA requires financial institutions, such as banks, credit unions, and other depository institutions, to assist government agencies and report any su...

Why We Invest Heavily In Legal Software

Posted by Kridel Law Group | Jun 03, 2020 | 0 Comments

Technology is an active part of our society and the very foundation of how most successful businesses are run. Staying up-to-date on software and technology, even in the field of law, is vital to maintaining the highest quality service to our clients. INVESTMENT IN LITIGATION SUPPORT SOFTWARE The...

When is Bankruptcy not Appropriate in New Jersey?

Posted by Kridel Law Group | Jun 03, 2020 | 0 Comments

Bankruptcy proceedings can be life-changing for debtors who are looking to get back on their feet, free from crushing debt. But bankruptcy proceedings are not right for everyone. In order to benefit from filing bankruptcy, debtors must be willing to live with certain hardships, at least temporari...

What You Can Do To Enforce And Collect A Judgement

Posted by Kridel Law Group | Jun 03, 2020 | 0 Comments

If you have obtained a judgment against another party which is refusing to pay the monies you are owed, you have a few options. Your experienced New Jersey civil litigation attorney can advise as to which method of collecting the judgment might be most appropriate under your specific circumstance...

What Is a Fraudulent Transfer?

Posted by Kridel Law Group | Jun 03, 2020 | 0 Comments

A fraudulent transfer (previously known as a fraudulent conveyance) occurs when a debtor transfers property or assets to another person or entity for the purpose of preventing a creditor from collecting on a debt. In many cases, the telltale sign is that the property is transferred to a friend or...

The IRS Voluntary Disclosure Program

Posted by Kridel Law Group | Jun 03, 2020 | 0 Comments

If you or your company has unpaid taxes from previous years or offshore assets on which taxes have not yet been paid, our experienced tax law attorneys in New Jersey can help you work with the IRS to bring your taxes current while minimizing any penalties. Voluntary disclosure programs are availa...

The Conscientious Employee Act

Posted by Kridel Law Group | Jun 03, 2020 | 0 Comments

Businesses can have a variety of valuable assets, including securities, real estate, costly equipment, and expensive office space. However, some of a company's most valuable equity is in intangible assets, such as customer goodwill, client lists, and name recognition. Although these assets are of...

Taxing Gambling Income

Posted by Kridel Law Group | Jun 03, 2020 | 0 Comments

Although not many people consider the possible tax consequences of their actions when heading off to a casino for a casual night of gambling, there are important repercussions that all taxpayers should keep in mind. For instance, some types of gambling winnings must be reported as income to both ...

Summary Exhibits in Federal District Court (Rule 1006)

Posted by Kridel Law Group | Jun 03, 2020 | 0 Comments

When selecting a New Jersey attorney for your complex civil litigation case, it is essential that he or she be well-versed in all of the Federal Rules of Evidence. One such rule provides the procedure by which attorneys must offer summary exhibits in Federal District Court. Failure to adhere to t...

Reforms in New Jersey Alimony Law

Posted by Kridel Law Group | Jun 03, 2020 | 0 Comments

New Jersey alimony laws have been called archaic in the past, but received several updates when Governor Chris Christie signed an alimony reform bill into law in 2014. If you have an alimony order in place or are going through divorce proceedings in which alimony may be a factor, it is important ...

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