Blog Posts in 2012
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Posted on May 19, 2012 By Robert Kovacs
Dear Fellow NACBA Member: In response to the recent Chapter 11 bankruptcy filing by ResCap, the mortgage arm of Ally Financial, formerly known as GMAC Mortgage, NACBA will be seeking global relief ...
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Posted on May 7, 2012 By Robert Kovacs
Proposed law to allow private, non-government, student loans to be discharged in bankruptcy Below is the full text of the proposed change to the bankruptcy code, allowing private student loans to be ...
Continue reading ""S.1102 -- Fairness for Struggling Students Act of 2011 (Introduced in Senate - IS)" --" »
Posted on May 7, 2012 By Robert Kovacs
"NACBA is committed to working with you and our lawmakers to provide the fresh start that families need, including relief from student loan debt. Recently, S. 1102 , the “Fairness for ...
Continue reading "Ask Your Lawmaker to Cosponsor Student Loan Dischargeability" »
Posted on May 6, 2012 By Robert Kovacs
©National Consumer Bankruptcy Rights Center www.ncbrc.org 1 of 4 ______________________________________________________________________ Cases In Review April 2012 "Cases In Review" ...
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Posted on Apr 29, 2012 By Robert Kovacs
National Associaiotn of Consumer Bankruptcy Attorney's – Case Update and Amicus Riverside Bankruptcy Court's Sua Sponte Dismissal Reversed The District Court for the Central District of ...
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Posted on Apr 15, 2012 By Robert Kovacs
Warren Sapp Bankruptcy Warren Sapp, the hard hitting defensive lineman and now sports commentator, has filed for bankruptcy. Sapp had commented that some poor real estate investments lead to the ...
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Posted on Apr 11, 2012 By Robert Kovacs
Direct Air Bankruptcy – Case Update Today, April 11, 2012, the bankruptcy court order Direct Air's chapter 11 bankruptcy converted to one under chapter 7. In chapter 7 a case trustee will be ...
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Posted on Apr 1, 2012 By Robert Kovacs
Bankruptcy Can Stop Foreclosure Instantly Filing bankruptcy will instantly stop foreclosure on your home. With limited exception, when you file bankruptcy the automatic stay under section 362 of the ...
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Posted on Mar 31, 2012 By Robert Kovacs
Recent Bankruptcy Cases from the National Association of Consumer Bankruptcy Attorneys Debtors have been the beneficiaries of some significant appellate decisions in recent weeks, with NACBA and NCBRC ...
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Posted on Mar 31, 2012 By Robert Kovacs
Tax Masters -- $195 Million fraud judgment Tax Masters, whom many people recognize because of their large national ad campaign, has been found to have committed fraud on their clients by a Texas jury. ...
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Posted on Mar 31, 2012 By Robert Kovacs
Tax Masters -- $195 Million fraud judgment Tax Masters, whom many people recognize because of their large national ad campaign, has been found to have committed fraud on their clients by a Texas jury. ...
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Posted on Mar 25, 2012 By Robert Kovacs
Bankruptcy Hand Out – Your Rights During Bankruptcy – from NCLC Please click below to read the National Consumer Law Center's article Your Rights During Bankruptcy . Your Rights During ...
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Posted on Mar 25, 2012 By Robert Kovacs
Bankruptcy Hand Out – Using Credit Wisely After Bankruptcy – from NCLC Please click below to read the National Consumer Law Center's article entitled Using Credit Wisely After ...
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Posted on Mar 25, 2012 By Robert Kovacs
Bankruptcy Hand Out – Common Bankruptcy Questions – from NCLC Please click below to read the National Consumer Law Center's article entitled Common Bankruptcy Questions. Common ...
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Posted on Mar 23, 2012 By Robert Kovacs
Direct Air – Bankruptcy – Case Update Today, March 23, 2012, the United States Trustee ("UST"), filed a Motion seeking conversation of the case to one under Chapter 7 or ...
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Posted on Mar 20, 2012 By Robert Kovacs
Dear NACBA Member, This morning at 10 a.m. EDT, the Senate Judiciary Subcommittee on Administrative Oversight and the Courts will hold a hearing on “The Looming Student Debt Crisis: Providing ...
Continue reading "TODAY: Senate Judiciary Subcommittee Hearing on Student Loans" »
Posted on Mar 19, 2012 By Robert Kovacs
Action Oil Files for Bankruptcy Action Oil has recently filed for bankruptcy protection
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Posted on Mar 19, 2012 By Robert Kovacs
Tax master's Files for Bankruptcy Tax master's, a publically traded company, has recently filed for bankruptcy protection. Tax master's offers tax related services to individuals who have ...
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Posted on Mar 18, 2012 By Robert Kovacs
Are debts discharged in bankruptcy taxable? No. As in you can see from our last blog post, "Gross Income Defined" almost everything is taxable "expect as otherwise provided." The ...
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Posted on Mar 18, 2012 By Robert Kovacs
Gross Income Defined: Gross Income is Defined by the IRC §61 as "Expect as otherwise provided in this subtitle, gross income means all income from whatever source derived, including (but not ...
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Posted on Mar 16, 2012 By Robert Kovacs
Direct Air – Bankruptcy – I have tickets and do not know what to do My family and I, like many of you are proud to be from Worcester. I have long attempted to spend my dollars at local ...
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Posted on Mar 16, 2012 By Robert Kovacs
Southern Sky Air & Tours, LLC d/b/a Direct Air filed for bankruptcy today Today, March 16, 2012 Direct Air, filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court, ...
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Posted on Mar 4, 2012 By Robert Kovacs
7.01: Purpose of Regulations The purpose of 940 CMR 7.00 is to establish standards, by defining unfair or deceptive acts or practices, for the collection of debts from persons within the Commonwealth ...
Continue reading "Massachusetts Attorney General Regulations on Debt Collection - complete and full regulations" »
Posted on Mar 2, 2012 By Robert Kovacs
Foreclosures in Massachusetts increase 68% The Warren Group has recently reported that Massachusetts home foreclosures have increased across the Massachusetts, when comparing January 2011 with January ...
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Posted on Mar 2, 2012 By Robert Kovacs
Where can I get my credit report and score for Free By law you can get a copy of your credit report once a year for free from the three major reporting agencies, Trans Union, Experian, and Equifax. ...
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