Monthly Archives: January 2017

How Much Cash Can You Keep When You File for Bankruptcy?

The amount of cash you can keep when you file for bankruptcy depends on how much of it qualifies as exempt assets. When you file for bankruptcy, exemptions are your property deemed by the bankruptcy court to be necessary in starting over. The laws dictating them determine how much cash you can keep. The Amount of Cash You Can Keep Though there are federal exemption laws, exemption laws differ state to state. In New Jersey, you can either use NJ state exceptions or federal bankruptcy exemptions to determine what property you can keep. You cannot, however, mix between the two sets of laws. You must choose either federal or state exemption laws to work with. In the case of both sets of laws, cash includes both money in your bank and paper cash as well. One type of cash generally not exempt under either set is cash from exempt property sold…
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Are Non-Compete Agreements Enforceable in New Jersey?

Non-compete agreements are not always necessary for a business. There are, however, times when having key employers sign an NCA is critical to a business’s success. Courts can change these non-disclosure agreements, though, and will not always enforce them. New Jersey courts can consider the enforceability of an NCA for an employer to use it against a former employee. In doing so, there are certain factors they consider. Factors of Enforceable Non-Compete Agreements Non-compete agreements are generally enforceable in New Jersey so long as they are reasonable in scope and duration. This is primarily because New Jersey does not want to restrict trade. The court will only enforce non-competes, therefore, that are defined narrowly. There are three primary factors New Jersey courts use to determine if a non-compete agreement is reasonable. First, the primary focus of the NCA must be to protect the legitimate business interest of the employer. This includes…
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How to Find a Great Real Estate Lawyer

It’s a smart decision to get a real estate lawyer when thinking of buying a home. A good attorney will help ensure your rights are protected and can expedite the process by processing legal documents for you. That being said, you will benefit from the assistance of some attorneys more than others. Here are some tips to help you find the right real estate lawyer. Tips on Finding a Real Estate Lawyer Give yourself time – Finding the right lawyer can be a time-consuming process. With this in mind, it’s best to start the search for your new home as early on as possible. You shouldn’t make your decision on a lawyer because time was a major contributing factor. Ask your friends and family – Most people do this anyways, but an easy way to find an attorney who will work well for you is to ask the people closest…
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