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Scarinci Hollenbeck Successfully Resolves Objection to Bankruptcy Discharge

Author: Scarinci Hollenbeck|September 28, 2023

Scarinci Hollenbeck’s David Edelberg Successfully Resolves Objection to Bankruptcy Discharge for Fraction of Initial Claim

Scarinci Hollenbeck Successfully Resolves Objection to Bankruptcy Discharge

Scarinci Hollenbeck’s David Edelberg Successfully Resolves Objection to Bankruptcy Discharge for Fraction of Initial Claim

Scarinci Hollenbeck Successfully Resolves Objection to Bankruptcy Discharge

Little Falls, NJ – September 28, 2023 – David Edelberg, Partner and Chair of Scarinci Hollenbeck’s Bankruptcy and Creditors’ Rights Practice Group, successfully resolved an objection to client Gregory DePaolo’s bankruptcy discharge in the Bankruptcy Court for the District of New Jersey.  Through Scarinci Hollenbeck’s vigorous representation, Mr. DePaolo resolved the $480,000 objection in exchange for a $35,000 judgment.

“We are pleased to have successfully resolved this matter for our client,” said Mr. Edelberg. “The resolution highlights that having a strong litigation position often leads to a favorable outcome.”

Plaintiffs Daniel Albizati and Howard Bleznick objected to the discharge of their $480,000.00 claim against Mr. DePaolo.  Mr. DePaolo successfully settled the discharge objection by agreeing that only $35,000.00 would not be discharged. Thus, Scarinci Hollenbeck settled the claim for approximately seven percent of the plaintiffs’ initial demand amount.

The settlement also included favorable payment terms which allow Mr. DePaolo to make monthly payments for up to a seven year period. 

The case is Bleznick et al v. DePaolo (2:22-ap-01158), New Jersey Bankruptcy Court.

About David Edelberg

David Edelberg is a member of Scarinci Hollenbeck’s Bankruptcy and Creditors’ Rights practice group. Mr. Edelberg has extensive experience handling a wide variety of bankruptcy matters, including Debtor Representation, Creditors’ Rights, and Banking and Financial Services Litigation, and more. Mr. Edelberg is the Immediate Past Chair of the Bankruptcy Law Section of the NJ State Bar, Chair of the Professionalism Committee of the NJ State Bar, Chair of the Bankruptcy Law Section of the Bergen County Bar Association, and is a Trustee of the New Jersey Bar Association.

Learn more about David Edelberg’s practice: https://scarincihollenbeck.com/attorneys/david-edelberg

About Scarinci Hollenbeck’s NJ Bankruptcy Practice

Scarinci Hollenbeck’s bankruptcy attorneys are accustomed to dealing with complex and sophisticated business matters and have many years of experience handling the myriad of financial issues surrounding bankruptcy and reorganization, out of court workouts, and state and federal court litigation over creditors’ and debtors’ rights. Our attorneys’ broad legal and business knowledge allows them to achieve creative, expeditious, and cost-effective solutions to our clients’ most challenging issues.

Additional information on the firm’s Bankruptcy & Creditors’ Rights Practice can be found on our practice page: https://scarincihollenbeck.com/practices/bankruptcy-and-creditors-rights

Scarinci Hollenbeck Successfully Resolves Objection to Bankruptcy Discharge

Author: Scarinci Hollenbeck
Scarinci Hollenbeck Successfully Resolves Objection to Bankruptcy Discharge

Little Falls, NJ – September 28, 2023 – David Edelberg, Partner and Chair of Scarinci Hollenbeck’s Bankruptcy and Creditors’ Rights Practice Group, successfully resolved an objection to client Gregory DePaolo’s bankruptcy discharge in the Bankruptcy Court for the District of New Jersey.  Through Scarinci Hollenbeck’s vigorous representation, Mr. DePaolo resolved the $480,000 objection in exchange for a $35,000 judgment.

“We are pleased to have successfully resolved this matter for our client,” said Mr. Edelberg. “The resolution highlights that having a strong litigation position often leads to a favorable outcome.”

Plaintiffs Daniel Albizati and Howard Bleznick objected to the discharge of their $480,000.00 claim against Mr. DePaolo.  Mr. DePaolo successfully settled the discharge objection by agreeing that only $35,000.00 would not be discharged. Thus, Scarinci Hollenbeck settled the claim for approximately seven percent of the plaintiffs’ initial demand amount.

The settlement also included favorable payment terms which allow Mr. DePaolo to make monthly payments for up to a seven year period. 

The case is Bleznick et al v. DePaolo (2:22-ap-01158), New Jersey Bankruptcy Court.

About David Edelberg

David Edelberg is a member of Scarinci Hollenbeck’s Bankruptcy and Creditors’ Rights practice group. Mr. Edelberg has extensive experience handling a wide variety of bankruptcy matters, including Debtor Representation, Creditors’ Rights, and Banking and Financial Services Litigation, and more. Mr. Edelberg is the Immediate Past Chair of the Bankruptcy Law Section of the NJ State Bar, Chair of the Professionalism Committee of the NJ State Bar, Chair of the Bankruptcy Law Section of the Bergen County Bar Association, and is a Trustee of the New Jersey Bar Association.

Learn more about David Edelberg’s practice: https://scarincihollenbeck.com/attorneys/david-edelberg

About Scarinci Hollenbeck’s NJ Bankruptcy Practice

Scarinci Hollenbeck’s bankruptcy attorneys are accustomed to dealing with complex and sophisticated business matters and have many years of experience handling the myriad of financial issues surrounding bankruptcy and reorganization, out of court workouts, and state and federal court litigation over creditors’ and debtors’ rights. Our attorneys’ broad legal and business knowledge allows them to achieve creative, expeditious, and cost-effective solutions to our clients’ most challenging issues.

Additional information on the firm’s Bankruptcy & Creditors’ Rights Practice can be found on our practice page: https://scarincihollenbeck.com/practices/bankruptcy-and-creditors-rights

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