Joel R. Glucksman
Partner
201-896-7095 jglucksman@sh-law.comFirm Insights
G.W. Carver Memorial Gardens Cemetery Files for Bankruptcy
Author: Joel R. Glucksman
Date: October 24, 2013
Key Contacts
Back
George Washington Carver Memorial Gardens Inc., which closed its doors in September, has sought bankruptcy protection under Chapter 7 of the bankruptcy law. Although the company, which owns a cemetery in the gardens, has been struggling financially for several years, residents with loved ones buried in the gardens and those who have purchased plots are concerned about the filing.
Company President Louie Reese III, the firm’s sole director and a shareholder, said that Chapter 7 bankruptcy was the best course of action, according to court documents filed with the U.S. Bankruptcy Court. Under Chapter 7 proceedings, a trustee will be assigned to the case and sell the debtor’s nonexempt assets, the proceedings of which will be used to pay creditors. The firm named 38 creditors in court documents, which include the Alabama Department of Revenue, the Internal Revenue Service and the State of Alabama Commission of Insurance. The company listed between $500,000 and $1 million in liabilities and less than $100,000 in assets, according to Alabama news station ABC 3340.
Following the announcement, more than 1,000 people attended a public forum to express their concerns about the closing and ask questions about how the cemetery will be maintained. Some voiced their fears about misplaced graves, while others who have pre-purchased plots demanded to know what course of action they would be permitted to take, according to AL.com.
The filing is expected to bring about several lawsuits against G.W. Carver Memorial Gardens. During the public forum, which was hosted by state Rep. Juandalynn Givan, angered residents who have already purchased plots in the cemetery were urged to file formal complaints against the company with the state Department of Insurance, the news source reports. It is unclear how many individuals plan to take action against the company.
- Practices: Corporate Transactions & Business, Bankruptcy & Creditors' Rights, Bankruptcy Litigation
- Locations: Red Bank, NJ, New York City, Little Falls, NJ
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Related Posts
See all
Understanding Portability for Estate and Gift Tax
Portability of estate and gift tax enables a surviving spouse to inherit any unused portion of their deceased spouse’s federal estate and gift tax exemption. So, if one spouse doesn’t utilize their full exemption, the surviving spouse can effectively double their exemption amount with regard to estate tax liability. For married couples, portability offers a […]
Author: Marc J. Comer
Pet Trusts in New Jersey and New York: A Practical Estate Planning Tool
For many of us, pets are more than companions—they are members of the family. Yet they are often overlooked or inadequately provided for when it comes to estate planning. A pet trust offers a legally enforceable way to ensure that your animal continues to receive proper care if you become incapacitated or pass away. As […]
Author: Marc J. Comer
How Can Trusts Be Used in Business Succession?
For many New Jersey business owners, a closely held company represents decades of work, financial investment, and personal sacrifice. Trusts in business succession planning are one of the most effective tools for protecting that value, allowing founders to control how and when the business passes to the next generation while reducing the risk of disputes, […]
Author: George McGowan
Read Before You Sign: IT Contract Pitfalls Every NJ Business Should Know
In today’s digital economy, New Jersey businesses of all sizes rely heavily on technology vendors, software providers, cloud platforms, and managed IT services. Whether your company is purchasing software, migrating data to the cloud, engaging a cybersecurity consultant, or entering into a long-term managed services agreement, a careful IT contract review can have significant operational, […]
Author: George McGowan
New York NDA Requirements for Businesses
Non-disclosure agreements (NDAs) remain a critical tool for protecting sensitive business information. However, New York NDA requirements have evolved, and businesses must ensure these agreements are carefully drafted to remain enforceable. In a competitive market like New York City, NDAs are commonly used to protect proprietary information, client relationships, and strategic plans. At the same […]
Author: Dan Brecher
New Jersey Will Contest Grounds Explained
How Courts Evaluate Testamentary Capacity and Undue Influence Will contests in New Jersey are difficult to win, given the strong presumption that a properly executed will reflects the testator’s intent. However, challenges based on lack of testamentary capacity and undue influence remain common, particularly where there are concerns about mental capacity or the involvement of […]
Author: Marc J. Comer
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.