Kridel Blog

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 Kridel Law Group sees the value in having the best in litigation support…

If you are subject to a spousal support and/or child support order but find that your financial situation has changed and making the required payments is becoming too much of a burden, you may want to speak with your experienced family law attorney in New Jersey to discuss whether filing a motion for modification due to changed circumstances is a good idea.…

For tax purposes, it is important for those who engage in frequent gambling to be able to distinguish between a professional gambler and a casual gambler. WHAT IS THE DIFFERENCE IN TAX TREATMENT BETWEEN A PROFESSIONAL GAMBLER AND A CASUAL GAMBLER? Professional gamblers can take advantage of certain tax benefits that are not available to casual gamblers and have the option…

In New Jersey, residents who have incomes that are higher than the state median, but who still wish to file for Chapter 7 bankruptcy and have primarily consumer debts, must pass the Means Test. If a debtor is able to pass this test, he or she will be eligible for a Chapter 7 filing and, as a result, will be able to…

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 family member for far less than what would be considered a reasonable…

Working on any project that requires a security clearance is especially important, in that the loss of that clearance translates into the loss of that job. The central agency serving as the corporate human resources organization for the federal government is called the U.S. Office of Personnel Management. This is the office that completes the bulk of personal security investigations. This clearance…

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 the Internal Revenue Service (IRS) and the state. FEDERAL LAW Those who are…

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 often intangible, they can and should be appraised and valued during bankruptcy proceedings. INTANGIBLE ASSETS The concept of goodwill is…

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 temporarily. If you are considering filing bankruptcy, one of our experienced bankruptcy attorneys in New…

If you are entering into bankruptcy in New Jersey, it is important to select the right type of bankruptcy proceedings based on your goals and needs. While Chapter 7 may seem attractive to many clients because it releases you from the crushing burden of most debts, parting with your assets in order to pay creditors is a disadvantage that can be…