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This brief addresses several important issues in the context of a Chapter 7 individual bankruptcy filing, which are: (1) The requirements under New Jersey law for a judgment creditor to perfect a levy against the judgment debtor's stock in a closely held corporation; (2) The obligations of creditors to timely object to a Debtor's claimed exemptions with an "unknown" value under the Federal Rules of Bankruptcy Procedures; (3) The methods and difficulties of valuing stock in closely held corporations by application of New Jersey law; and (4) The unauthorized practice of law by a corporation.
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