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The Fair Foreclosure Act (FFA), N.J.S.A §§ 2A:50-53 to 2A:50-73, is a state law that protects residential mortgage debtors and establishes a uniform statutory framework under which courts can more clearly identify the rights and remedies of the parties involved in foreclosure proceedings throughout New Jersey. [1]
In the case of a merger, the surviving organization is the legal successor to the others in respect to liability. [1]In the case of dissolution without assigning a legal successor, the funds and assets of the dissolved entity may be granted to other entities.
Proof of the accused party's wrongdoing may result in the court granting the filing spouse a larger portion of the marital property or increased support and alimony. [8] However, fault divorces are considerably more expensive to obtain than no-fault divorces. [8] The most common fault grounds include the following:
While the above cases exemplify the circumstances where judicial dissolution has been found to be appropriate, dissolution remains “a drastic remedy.” 1545 Ocean Ave., 72 A.D.3d at 131.
The assets and property of the business are redistributed. When a firm has been liquidated, it is sometimes referred to as wound-up or dissolved , although dissolution technically refers to the last stage of liquidation.
Without assets to secure the loan, an unsecured loan puts the lender at greater risk of losing money if you default. To offset that risk, lenders may require you to sign a personal guarantee .
In November 1906, the Justice Department sued Standard Oil of New Jersey for violating the Sherman Act. The action was brought under the Expediting Act in the United States circuit court for the Eastern District of Missouri. After a 15-month-long trial, the court issued its decree of dissolution in November 1909 and its opinion in December 1909.
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