Bankruptcy News-
A law firm that at one time handled 40% of home foreclosures in New Jersey has filed for bankruptcy, blaming its mortgage-lender clients and tighter rules for its troubles.
Zucker, Goldberg & Ackerman LLC , or ZGA, sought chapter 11 protection Monday, and is in the process of handing off 30,000 active foreclosure and insolvency cases in preparation for liquidation, court papers say. If a turnaround opportunity arises, the firm will seize it. For now, however, the firm is throwing in the towel….
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The firm is not “closing down”. They have merged with KML Law. Another move to screw the employees who were laid off.