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Toys R Us Liquidation may put Jobs, Paychecks and Severance at Risk

Toys R Us filed for Chapter 11 Bankruptcy last fall, but their recent announcement of liquidation of their stores could put employees at risk.

When a large corporation files for Chapter 11 Bankruptcy, the effects are felt by many. The Toys R Us liquidation is no expectation here in New Jersey. Attorney John Scura speaks with News 12 about what this means for employees as well as for customers who hold gift cards.  

Scura, Wigfield, Heyer, Stevens & Cammarota, LLC encourages employees to check how their pensions are set up and make sure they are covered.


Possible Toys R Us liquidation puts 30,000 jobs at risk

News 12 New Jersey

Posted: Mar 15, 2018

A possible liquidation of all Toys R Us stores in the United States could put 30,000 people out of work.

The Wayne-based toy retail giant apparently broke the news to its employees Wednesday, according to a toy industry analyst. The chain filed for Chapter 11 bankruptcy protection last fall.

Bankruptcy attorney John Scura says pensions for large corporations like Toys R Us are typically set up in separate, protected funds but this is the first thing employees should check.

"There could be a shortfall on certain payments that are made to it,” Scura says.

Lawsuit States: Elderly Man Killed by Extreme Heat from HVAC System

Scura, Wigfield, Heyer & Stevens, LLP is representing the DiNapoli family who recently filed a lawsuit stating an elderly man was killed in his Bloomfield apartment on Dec. 13, 2015 from extreme heat caused by a defective heating/cooling system.

New Jersey Sees a Decline in Foreclosure Filings in 2015

Buying a new home is often regarded as an exciting time. Whether it is the homeowner's first home or not, purchasing a home is a major event. Moreover, it is a major financial responsibility that needs to be factored in whenever the homeowner makes any financial decisions. However, when an individual is dealing with financial troubles, those troubles could impact the homeowner's ability to make timely mortgage payments, which could unfortunately lead to foreclosure.

Fairway Market dangerously close to bankruptcy filing

Expanding a business requires more than just a business plan. There must be additional capital, cash resources or another source of funds that will help leverage the process. When this is not available, it might mean putting this expansion on hold; however, if such a business venture is unavailable due to financial problems, a business might need to restructure its finances or even consider debt relief options.

Will Stricter Trucking Rules Uncover Unsafe Trucking Companies?

Large trucks have a considerable presence on roadways in New Jersey and other states across the nation. While these large vehicles provide an effective way to transport goods across a city, state or nation, semi-trucks and tractor-trailer trucks pose many risks on the roadways. Because of that, truck safety is a constant issue, and while federal trucking regulations are passed to address these concerns, this does not always reduce the number of truck accidents occurring across the nation.

Trader Joe's Issues Product Recall on Cashews

Every day, consumers in New Jersey go to stores, purchasing items they need or want. In this process, consumers do not often put much thought into the possible dangers that a product could pose to them, especially when the product itself has no inherent risks. If a manufacturing or processing error occurs, edible goods could become contaminated, resulting in serious and even fatal risks to consumers.

Fatal Electrical Accidents Caused by Consumer Products

Electricity is used to power an endless list of things, and because of that, residents in New Jersey and elsewhere will often encounter electrically powered consumer products. While these products are designed with the safety of consumers in mind, malfunctions and defects can occur. This could lead to the electrocution of consumers, resulting in severe and even fatal injuries.

The End of Charitable Immunity for the YMCA

The Superior Court of New Jersey recently decided that defendant-YMCA was not allowed to invoke the charitable immunity exemption to avoid lawsuit. Charitable immunity is an affirmative defense that a defendant can raise in response to a lawsuit, when answering the complaint.

Kraft Issues Product Recall Due to Choking Hazard

Consumers in New Jersey and elsewhere often buy goods on a daily basis. This action is almost routine and done without the fear that the goods being purchased could cause serious or even fatal injuries when used or consumed. Despite this, errors occur in the design and manufacturing of goods, thus resulting in serious hazards for consumers. Because of this, product recalls are issued; however, this does not prevent all consumer injuries from occurring.

Study - Hospitals greatly overcharging patients

Receiving timely and affordable medical care is important for New Jersey residents; however, obtaining medical care that is affordable is not always the case when a diagnosis, treatment and surgery are required and a patient does not have insurance coverage. Hospital bills can accumulate and add up to a large outstanding debt. For some residents in New Jersey, medical debt can be a huge burden, causing some to consider debt relief options to escape his or her financial challenges.