Recent Posts in Assets Category
35 results found. Viewing page 1 of 2.
Go to page
Posted on Jan 28, 2012 By Robert Kovacs
What is an Adversary Complaint? Federal laws protect an individual from creditor harassment during a bankruptcy case. Sometimes disputes arise during the case and a creditor, the trustee, or the ...
Continue reading "What is an Adversary Complaint?" »
Posted on Jan 22, 2012 By Robert Kovacs
Video explanation of the current credit crisis. Please click the link below for a video explaining the current credit crisis. http://jonathanjarvis.com/crisis-of-credit
Continue reading "Video explanation of the current credit crisis." »
Posted on Sep 22, 2011 By Robert Kovacs
Bankruptcy Stops Wage Garnishments Cold One of the most beneficial provisions of the federal Bankruptcy Code is the automatic stay which stops all creditor action once the case is filed. Creditors can ...
Continue reading "Bankruptcy Stops Wage Garnishments Cold" »
Posted on Aug 25, 2011 By Robert Kovacs
This article is care of the American Bar Association. For the full article please visit http://apps.americanbar.org/abapubs/design/smart/0811/11.html Chapter 11 Bankruptcy: A Primer By Christopher R. ...
Continue reading ""Chapter 11 Bankruptcy: A Primer"" »
Posted on Aug 21, 2011 By Robert Kovacs
The Positives of Bankruptcy! Massachusetts residents who use the bankruptcy laws most successfully are generally those with the best attitudes and the proper perspectives. As one writer asked, ...
Continue reading "The Positives of Bankruptcy!" »
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 30, 2011 By Robert Kovacs
"RECENTLY FILED AMICUS BRIEFS: Exemption for Inherited IRA NACBA has filed an amicus brief in the case of In re Chilton, No. 11-40377 (5th Cir.). That case addresses the issue of whether a debtor ...
Continue reading ""RECENTLY FILED AMICUS BRIEFS." and "OTHER NEWS" -- From the National Association of Consumer Bankruptcy Lawyers" »
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 Jul 20, 2011 By Robert Kovacs
Bankruptcy Can Provide Leverage to Underwater Homeowners The Washington Post recently reported that the Obama administration is not planning another large federally funded program to relieving the ...
Continue reading "Bankruptcy Can Provide Leverage to Underwater Homeowners" »
Posted on Jun 23, 2011 By Robert Kovacs
Keeping Your Vehicle During Chapter 13 Bankruptcy While some Massachusetts debtors are able to get by without a personal vehicle, having reliable transportation is necessary to most. Whether it is a ...
Continue reading "Keeping Your Vehicle During Chapter 13 Bankruptcy" »
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 5, 2011 By
Discharging Tax Debt in Bankruptcy Certain debts have been given special status by the Bankruptcy Code and are generally excluded from the debtor's bankruptcy discharge. Child support obligations, ...
Continue reading "Discharging Tax Debt in Bankruptcy" »
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 Jun 1, 2010 By Robert Kovacs
Starting today, June 1, 2010, HAMP Home Loan Modifications cannot be denied because you are in an active chapter 7 or 13 bankruptcy. This is significant for many consumers. Many consumers facing ...
Continue reading "HAMP Loan Modification Changes – Modification can NOT be denied because of active bankruptcy " »
Posted on Feb 8, 2010 By Robert Kovacs
Chapter 13 bankruptcy is a payment plan. In chapter 13 the debtor makes a reasonable monthly payment based on his or her income and expenses . Whatever does not get paid back to creditors through the ...
Continue reading "If you are filing chapter 13 bankruptcy with careful planning you may be able to reduce your payment " »
Posted on Feb 3, 2010 By Robert Kovacs
If you owe the IRS or the Massachusetts Department of Revenue (“DOR”) back taxes then filing bankruptcy may help. Filing bankruptcy under chapter 13 or 11 will put you into an interest free repayment ...
Continue reading "If you owe the IRS or DOR filing bankruptcy will put you in an interest free payment plan " »
Posted on Feb 3, 2010 By Robert Kovacs
For most debtors filing under chapter 7, 11, 12, or 13 you are able to keep your tax return without surrendering it over to the case trustee or the estate. In bankruptcy you are able to exempt certain ...
Continue reading "If you file Bankruptcy you can keep your tax return" »
Posted on Feb 1, 2010 By Robert Kovacs
In order to protect an asset a person thinking about filing bankruptcy may transfer an asset out of her name and into the name of another. This can include a home, vacation home, car, boat, plan, ...
Continue reading "Common Bankruptcy Mistake – Transferring an asset out of your name " »
Posted on Jan 24, 2010 By Robert Kovacs
If you file bankruptcy you will keep your home ; unless you want to surrender it to the bank. In order to keep your home you will need to at a minimum be able to make the current monthly payment on ...
Continue reading "You can file bankruptcy and keep your home" »
Posted on Jan 20, 2010 By Robert Kovacs
Leave it there. An individual filing a chapter 7 bankruptcy case you may be able to exempt up to $11,200 ($22,400 for a married couple) of cash and bank deposits. If the money is exempt it will not be ...
Continue reading "I have money in the bank what should I do? " »
Posted on Jan 17, 2010 By Robert Kovacs
Yes, you can but you will need permission of the Court. While you are in chapter 13 bankruptcy you are prohibited from incurring new debt without permission of the Court. This means no new credit ...
Continue reading "I am currently in a chapter 13 plan; Can I get a new car loan? " »
Posted on Jan 15, 2010 By Robert Kovacs
Filing bankruptcy will automatically stay any foreclosure proceeding. So long as your bankruptcy case is filed prior to the actual foreclosure sale. If your intention is to permanently save your home ...
Continue reading "HELP! My home is going to be foreclosed on. " »
Posted on Jan 12, 2010 By Robert Kovacs
If you are unable to afford your car loan you may chose to voluntarily surrender the car to the bank. After the bank has the car they will sell the car at an auction. They will apply the proceeds of ...
Continue reading "I can no longer afford my car. What happens if I give it back to the bank? " »
35 results found. Viewing page 1 of 2.
Go to page