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Law Office of Ronald V. De Caprio

Sears Bankruptcy Will Have Varied Impacts on Others

By now, the news of the bankruptcy filing by Sears is well known. Many Sears stores will close, and many employees will lose their jobs. But, what about firms that sell goods and services to Sears or rent space to Sears?
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Law Office of Ronald V. De Caprio

Retailing Icon Sears on Verge of Bankruptcy

Another retailing icon appears to be edging toward a bankruptcy filing. Sears, one of the most recognized names in American retailing, is expected to file a business bankruptcy petition.
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Law Office of Ronald V. De Caprio

Taxation of Debts Cancelled in Bankruptcy

Most residents of Rockland County have never heard of cancellation of indebtedness income. The common perception is that when a creditor cancels a debt, that’s it.
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Law Office of Ronald V. De Caprio

Jurisdiction of U. S. Bankruptcy Courts

Rockland County businesses and individuals who are contemplating the filing of a petition in bankruptcy court rarely stop to wonder why Congress created a special court to handle bankruptcy cases. The creation of bankruptcy courts and the defining of their jurisdiction is a long and complicated history.
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Law Office of Ronald V. De Caprio

Seasons Kosher Supermarkets Files Chapter 11 Petition

Another grocery chain has decided to seek protection from creditors by filing a Chapter 11 petition. Seasons Kosher Supermarkets, based in Flushing, N.Y., filed its petition in the Eastern District of New York on September 16.
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Law Office of Ronald V. De Caprio

Preventing Asset Forfeiture in Bankruptcy

When a Rockland County resident is considering filing a bankruptcy petition, one of the first questions is whether creditors can compel the forfeiture of certain assets, most commonly a car or the family home.
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Law Office of Ronald V. De Caprio

Developer Turns to Bankruptcy to Save Washington Heights Project

Most residents of Rockland County and New York City view bankruptcy solely as a means for eliminating burdensome debts. However, a bankruptcy proceeding can often be used for other purposes, as a recent filing in the bankruptcy court in the Southern District of New York has demonstrated.
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