Recent Posts in Debt Collectors Category
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 Jan 8, 2012 By Robert Kovacs
When a Creditor Violates the Bankruptcy Discharge Your bankruptcy discharge is a court ordered permanent injunction prohibiting certain creditors from taking collection action against you. A debt ...
Continue reading "When a Creditor Violates the Bankruptcy Discharge" »
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 ...
Continue reading "Debt Collectors Must Obey The Law" »
Posted on Aug 16, 2011 By Robert Kovacs
How Bankruptcy Empowers Many Massachusetts residents struggling with debt also feel powerless. Collection agents are skilled at making you feel stressed and hopeless through embarrassing phone calls ...
Continue reading "How Bankruptcy Empowers" »
Posted on Jul 21, 2011 By Robert Kovacs
When Can I Stop Paying Credit Cards? Many of my Massachusetts bankruptcy clients ask, "When can I stop paying on my credit cards?" The answer seems obvious: "immediately." If you ...
Continue reading "When Can I Stop Paying Credit Cards?" »
Posted on May 20, 2011 By
The Tough File Bankruptcy Massachusetts native Joseph P. Kennedy, Sr., patriarch of the Kennedy clan, was fond of saying, "When the going gets tough, the tough get going." If you are struggling with ...
Continue reading "The Tough File Bankruptcy" »
Posted on May 16, 2011 By
Top Five Bankruptcy Provisions Many of my Worcester and Farmington bankruptcy clients report that filing bankruptcy was the best choice they ever made. The Bankruptcy Code provides powerful relief for ...
Continue reading "Top Five Bankruptcy Provisions" »
Posted on May 4, 2011 By
Bankruptcy's Instant Relief Individuals struggling with financial difficulty experience many forms of debt-related stress. Harassing phone calls, embarrassing collection letters, lawsuits, ...
Continue reading "Bankruptcy's Instant Relief" »
Posted on May 2, 2011 By
Transferring Property Before Bankruptcy Can Be A Bad Idea Modern bankruptcy laws permit debtors to keep certain property necessary to maintain a modest standard of living. These laws, called ...
Continue reading "Transferring Property Before Bankruptcy Can Be A Bad Idea" »
Posted on Jan 25, 2011 By Robert W. Kovacs,Jr.
On December 16, 2010 the Governor signed into law a new homestead statute (MGL Chapter 188 ). The new law is thought to better protect consumer and their homes from creditors. As a result of either ...
Continue reading "New Homestead Law " »
Posted on May 22, 2010 By Robert Kovacs
When you stop paying your credit card bill the bank will want to find a way to get you to start paying again. The first step will likely be making phone calls and sending letters. If that does not ...
Continue reading "I stopped paying my credit card bill. What is going to happen? " »
Posted on Mar 20, 2010 By Robert Kovacs
At the conclusion of most individual bankruptcy cases a Debtor receives a “discharge” of his debts. The discharge is a release of your personal legal obligation to repay your debts. In part that ...
Continue reading "Creditors that continue to attempt to collect on discharged debt are violating the law. " »
Posted on Feb 24, 2010 By Robert Kovacs
Yes settling a debt for less than you owe will save you money but it is not going to save you as much as you think. When you settle a debt with your credit card or other creditors for less than you ...
Continue reading "Settling a Debt for less than you owe can cost more than you think " »
Posted on Dec 28, 2009 By Robert Kovacs
It is often difficult to keep track of all your creditors. Making matters worse, often times debt collections agents and/or debt buyers make it confusing to understand who you owe. If, for some ...
Continue reading "I just filed for bankruptcy and forgot to tell my lawyer about a creditor" »
Posted on Dec 17, 2009 By Robert Kovacs
Debt collectors are well known for using harassing, unethical, and immoral techniques to collect debt. There are both federal and state laws to protect an individual from these abuses. In ...
Continue reading "Debt Collectors and Harassing Phone Calls – How Many are too Many? " »