Blog Posts in October, 2011
Posted on Oct 27, 2011 By Robert Kovacs
White House Offers New Relief To Massachusetts Student Borrowers President Obama has announced a plan that seeks to lessen the burden of paying back student loans for Massachusetts residents. The plan ...
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Posted on Oct 27, 2011 By Robert Kovacs
Making Monthly Payments During Bankruptcy Automatic payments are a convenient way to pay your bills. An automatic payment is an arrangement for a specific amount of money to go from your bank account ...
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Posted on Oct 27, 2011 By Robert Kovacs
Solicitor General Supports Debtor in Supreme Court In Countrywide v. Rodriguez, No. 10-1285 (S.Ct.) the United States Solicitor General submitted an amicus brief opposing certiorari and supporting ...
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Posted on Oct 27, 2011 By Robert Kovacs
Dear NACBA Member, I am pleased to report that NACBA’s “principal paydown plan,” designed to help struggling homeowners in chapter 13 save their homes from foreclosure, is now under ...
Continue reading "FHFA Director Praises Principal Paydown Plan as "Promising" and "Credible"Pledges to Provide Members an Assessment in Two Weeks" »
Posted on Oct 24, 2011 By Robert Kovacs
U.S. Bankruptcy Courts Increase Cost of Going Broke The U.S. Bankruptcy Courts have increased the fee for filing bankruptcy by $7. Effective November 1, 2011, the filing fee for Chapter 7 will ...
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Posted on Oct 17, 2011 By Robert Kovacs
The Judicial Conference of the United States adopted a new court fee schedule on September 13, which will become effective November 1, 2011. The revenue generated by the fee change will go into the ...
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Posted on Oct 16, 2011 By Robert Kovacs
Timely Appointment Policy We here at the Kovacs Law Office strive to ensure that all appointments are kept on a timely basis. That means if we schedule an appointment with you at 1:00 PM we fully ...
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Posted on Oct 16, 2011 By Robert Kovacs
Are You A Bankruptcy Phoenix? The ancient world has many stories of the firebird, or phoenix. The phoenix is mythical bird of great beauty that lives a very long time. At the end of its life the ...
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Posted on Oct 16, 2011 By Robert Kovacs
"Supreme Court Accepts Case Challenging Mortgage Fees Charged by Quicken Loans" "Updated: The U.S. Supreme Court has agreed to decide whether federal law bars mortgage lenders from ...
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Posted on Oct 16, 2011 By Robert Kovacs
Dear NACBA Member: On Wednesday, we wrote to bring you up-to-date on activities of NACBA’s Legislative Committee in support of the Principal Paydown Plan (PPP). Just as that email went out, we ...
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Posted on Oct 11, 2011 By Robert Kovacs
Making Good Choices During The Holiday Season The holiday season is fast approaching, so it is important to start making wise financial decisions if you are considering bankruptcy. Below are three ...
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Posted on Oct 9, 2011 By Robert Kovacs
States Tell Big Banks: "Enough!" Massachusetts Attorney General Martha Coakley has announced that her office is preparing to file lawsuits against big banks that engaged in unlawful ...
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Posted on Oct 6, 2011 By Robert Kovacs
Debt Collectors Must Obey The Law The Washington Post recently reported that a Southern California debt collection firm has been shut down by the Federal Trade Commission for violating debtor ...
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Posted on Oct 5, 2011 By Robert Kovacs
Chapter 13 Bankruptcy Primer A Chapter 13 bankruptcy case is primarily used to repay all or some of a person's debts. Typically, a repayment plan is for far less than what you owe with most ...
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Posted on Oct 5, 2011 By Robert Kovacs
Bankruptcy's Means Test In 2005, Congress changed the Bankruptcy Code and added a means test to prevent wealthy debtors from filing Chapter 7 Bankruptcy. The means test is a calculation designed ...
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