New Jersey

The information given on this page is for educational and informational purposes only, and does not constitute any legal or tax advice or opinion. This page is meant to give a quick start to research by other professionals, but it should absolutely not be relied upon for any purposes whatsoever. Additionally, this page is kept current only as our time allows, and the information given here may not be current. We make NO GUARANTEES as to the accuracy of the information herein and you should not rely on it. Even professionals who use this information must independently verify whether it is correct and current.

Nothing in the information given below should imply that the drafters of this webpage are admitted to practice law in the referenced state or have any special expertise in the areas listed. Nothing herein should be construed as a solicitation by the drafters of this website to practice law in the referenced state. Persons desiring planning should contact a licensed attorney or other appropriate planning professional in this state. Certainly, nothing herein is any substitute for the services, advice, or counsel of a properly licensed attorney in the relevant state!

New Jersey Asset Protection Overview

New Jersey debtors may choose from both the state or federal bankruptcy exemptions.

New Jersey is a creditor-friendly state, offering no homestead exemption but some protection to properly structured insurance arrangements.

New Jersey Statutory Creditor Exemptions

For additional detailed information on the use of life insurance, annuities, pension plans, and employee benefit plans for wealth preservation and asset protection, see advanced life insurance

New Jersey Homestead

• While there is no statutory homestead exemption, a homestead exemption may be claimed under the federal bankruptcy exemptions.

New Jersey Homestead Exemption Cases

• In re Schick,
  No. 04-CV-0067 (D.N.J. 05/04/2004)

New Jersey Life Insurance

• Life insurance proceeds are exempt, if the policy contains a clause that prohibits the proceeds from being used to pay the beneficiary's creditors.
  [17B:24-10 and 17B:24-6].

Statute [17B:24-10]

Statute [17B:24-6]

New Jersey Annuities

• Annuity contract up to $500 per month, are exempt. [17B-24-7]

Statute [17B-24-7]

• Disability proceeds are exempt. [38A-24-9]

Statute [38A-24-9]

New Jersey IRAs & Pension Plans

• Public employees pension plans are exempt.

New Jersey Fraudulent Transfers

For additional detailed information relating to fraudulent transfers, including the text of the Uniform Fraudulent Transfers Act, see fraudulent transfers

New Jersey Act

• New Jersey Fraudulent Transfers Act

New Jersey Fraudulent Transfer Cases

Federal District Court

• In re Ryker,
  2003.DNJ.0000148 (D.N.J. 11/20/2003)

• In re Ryker,
  2003.DNJ.0000145 (D.N.J. 08/13/2003)

• In re G-I Holdings Inc.,
  2003.DNJ.0000102 (D.N.J. 06/27/2003)

• United State v. Shan,
  2002.DNJ.0000162 (D.N.J. 02/28/2002)

Federal Circuit Court

• In re Resorts International, Inc.,
  No. 03-1857 (3rd Cir. 06/22/2004)

• In re Yacuk,
  2003.C03.0000650 (3d Cir. 08/20/2003)

• Official Committee of Unsecured Creditors
  of Cybergenics Corp., v. Chinery,
  330 F.3d 548 (3d Cir. 05/29/2003)

• Official Committee of Unsecured Creditors
  of Cybergenics Corporation,
  304 F.3d 316 (3d Cir. 09/20/2002)

Federal Bankruptcy Court

• In re Hill,
  342 B.R. 183 (Bkrtcy.D.N.J. 05/09/2006)

State Appellate Court

• Caput Mortuum, L.L.C. v. S&S Crown Services, Ltd.,
  No. A-0088-02T3 (N.J.Super.App.Div. 02/02/2004)

• Banco Popular North America v. Gandi,
  823 A.2d 809 (N.J.Super.App.Div. 04/29/2003) Civil Conspiracy

• State Dept. of Environmental Protection v. Caldeira,
  2002.NJ.0000183 (N.J. 04/08/2002)

• Barsotti v. Merced,
  788 A.2d 802 (N.J.Super.App.Div. 01/16/2002)

• State Of New Jersey Department Of Environmental Protection v. Caldeira,
  768 A.2d 782 (N.J.Super.App.Div. 03/16/2001)

• SASCO 1997 NI, LLC v. Zudkewich,
  2001.NJ.0000098 (N.J. 03/01/2001)

• Firmani v. Firmani,
  752 A.2d 854 (N.J.Super.App.Div. 06/20/2000)

• Karo Marketing Corporation, Inc. v. Playdrome America,
  752 A.2d 341 (N.J.Super.App.Div. 06/12/2000) Civil Conspiracy

• Cogar v. Monmouth Toyota,
  751 A.2d 599 (N.J.Super.App.Div. 05/25/2000)

• Gilchinsky v. National Westminster Bank N.J.,
  732 A.2d 482 (N.J. 06/14/1999)

• Gilchinsky v. National Westminster Bank NJ,
  709 A.2d 1347 (N.J.Super.App.Div. 05/12/1998)

• Intili v. DiGiorgio,
  693 A.2d 573 (N.J.Super.Ch.Div. 01/27/1997)

• United Jersey Bank v. Vajda,
  690 A.2d 693 (N.J.Super.App.Div. 03/27/1997)

• Finkel v. Finkel,
  675 A.2d 659 (N.J.Super.App.Div. 05/10/1996)

• National Westminster Bank NJ v. Anders Engineering Inc.,
  674 A.2d 638 (N.J.Super.App.Div. 04/23/1996)

• C.P. by J.P. v. Township of Piscataway Bd. of Educ.,
  681 A.2d 105 (N.J.Super.App.Div. 08/15/1996)

• In the Matter of Trueger,
  657 A.2d 847 (N.J. 05/05/1995)

• Strawn v. Canuso,
  638 A.2d 141 (N.J.Super.App.Div. 02/22/1994)

• Flood v. Caro Corp.,
  640 A.2d 306 (N.J.Super.App.Div. 04/18/1994)

• Jugan v. Friedman,
  646 A.2d 1112 (N.J.Super.App.Div. 07/13/1994)

• Ayr Composition Inc. v. Rosenberg,
  619 A.2d 592 (N.J.Super.App.Div. 01/08/1993)

• Boardwalk Regency Corp. v. Burd,
  620 A.2d 448 (N.J.Super.App.Div. 02/16/1993)

• Schell v. Schell,
  515 A.2d 1283 (N.J.Super.Ch.Div. 02/10/1986)

• Trus Joist Corp. v. Treetop Associates Inc.,
  477 A.2d 817 (N.J. 07/12/1984)

• Edward D. Lord Inc. v. Municipal Utilities Authority,
  318 A.2d 799 (N.J.Super.Law Div. 04/02/1974)

• Roxbury State Bank v. Clarendon,
  324 A.2d 24 (N.J.Super.App.Div. 07/08/1974)

• Commercial Insurance Co. v. John Apgar,
  267 A.2d 559 (N.J.Super.Law Div. 06/30/1970)

• Robinson v. Hallberg,
  258 A.2d 142 (N.J.Super.Ch.Div. 10/21/1969)

• Jackson v. Diamond T. Trucking Co.,
  241 A.2d 471 (N.J.Super.Law Div. 03/08/1968)

• Stark v. Flemington National Bank and Trust Co.,
  118 A.2d 114 (N.J.Super.Ch.Div. 11/09/1955)

• Coles v. Osback,
  92 A.2d 35 (N.J.Super.App.Div. 10/23/1952)

• Pope v. Bain,
  74 A.2d 317 (N.J.Super.App.Div. 06/19/1950)

• Glasser v. Feller,
  66 A.2d 560 (N.J.Super.App.Div. 06/09/1949)
  

New Jersey Trusts

For additional detailed information relating to the use of trusts for asset protection, including foreign and domestic asset protection trusts, see trusts.

New Jersey Trust Act (Non Self-Settled)

• New Jersey Trust Act

New Jersey Business Entities

New Jersey Acts

• New Jersey Corporation Act
• New Jersey Limited Partnership Act
• New Jersey Limited Liability Company Act

New Jersey Charging Order Cases

• Zavodnick v. Leven,
  773 A.2d 1170 (N.J.Super.App.Div. 04/27/2001)

New Jersey Alter Ego & Corporate Veil Cases

• Board of Trustees of Trucking Employees of North Jersey Welfare Fund,
  Inc-Pension Fund v. Kero Leasing Corporation,
  No. 03-2176 (3d Cir. 07/12/2004)

Useful New Jersey Links

For additional detailed information relating to financial frauds and tax scams, see http://www.quatloos.com

• New Jersey Secretary of State
• New Jersey Attorney General
• New Jersey Bar Association

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