Recent Posts in Bankruptcy Code Category
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Posted on Jan 13, 2013 By Robert Kovacs
Notable Case – Recent Decision In Re: Mayberry In 2011 a client came to me to help save her home from foreclosure. This client has limited income and was struggling to survive. A chapter 13 ...
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Posted on Oct 29, 2012 By Robert Kovacs
"The last few days have seen two important appellate decisions where the National Consumer Bankruptcy Rights Center (NCBRC) represented NACBA as an amicus curiae. These decisions reinforce the ...
Continue reading ""Two important wins for NCBRC and NACBA"" »
Posted on Aug 11, 2012 By Robert Kovacs
Common Bankruptcy Question – I am planning on Filing Bankruptcy, Can I stop paying my monthly bill. Yes, but be careful. First off, if you are planning on filing bankruptcy you MUST stop using ...
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Posted on Jul 22, 2012 By Robert Kovacs
Dear NACBA Member, I am writing to bring to your attention a report released today by the Consumer Financial Protection Bureau (CFPB) and U.S. Department of Education which sheds much-needed light on ...
Continue reading "Administration supports bankruptcy protection for private student loans" »
Posted on May 26, 2012 By Robert Kovacs
Dear NACBA member: On Monday, May 28, ABC World News with Diane Sawyer will be airing a piece on student loan debt, interviewing NACBA President Billy Brewer and a borrower provided by one of our very ...
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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 ...
Continue reading "ResCap, the mortgage arm of Ally Financial, formerly known as GMAC Mortgage files Chapter 11 Bankruptcy" »
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 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 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 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 Feb 7, 2012 By Robert Kovacs
Piccadilly Pub – Bankruptcy Over the last few days there have been several stories in the Worcester Telegram and Gazette concerning the Piccadilly Pub restaurant. The Pic had filed for ...
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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 ...
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Posted on Jan 28, 2012 By Robert Kovacs
Discharge of Tax Debts when your return is filed late. Generally, income tax debts become dischargeable in bankruptcy if your tax has been past due for at least three years, the return was actually ...
Continue reading "Discharge of Tax Debts when your return is filed late -- In re McCoy" »
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 ...
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Posted on Dec 11, 2011 By Robert Kovacs
Self Employed Individuals Use Net income not Gross income on form 22C, Means Test The US Bankruptcy Court for the District Court of Puerto Rico recently ruled in In Re: Roman (2011 Bankr. Lexis 4483) ...
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Posted on Nov 19, 2011 By Robert Kovacs
Contested Lien Strip Victory – Second Mortgage Eliminated Many people are unaware that in bankruptcy you may complete eliminate second mortgages and equity lines of credit on their home or ...
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Posted on Nov 19, 2011 By Robert Kovacs
Alabama County Files Largest Chapter 9 Bankruptcy Recently the commissioners of Jefferson County, Alabama, voted to file the largest Chapter 9 bankruptcy in history. The New York Times reports that ...
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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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