Recent Posts in Bankruptcy Mistakes Category
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 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 Sep 5, 2011 By Robert Kovacs
Chapter 7 Debtors Should Beware Hoggish Behavior There is an old saying among Massachusetts bankruptcy attorneys, "Pigs get fat and hogs get slaughtered." Bankruptcy attorneys know that the ...
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Posted on Aug 8, 2011 By Robert Kovacs
Can I Keep A Credit Card If I File Bankruptcy? Many Massachusetts bankruptcy debtors need a credit card for work. Whether it is necessary for business purchases or travel, it is common for clients to ...
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Posted on Jul 7, 2011 By Robert Kovacs
Debts Excluded From Chapter 7 Discharge The purpose of a Chapter 7 bankruptcy is to liquidate all of the debtor's non-exempt property to pay creditors, and to legally discharge any remaining debt ...
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Posted on May 18, 2011 By
Limit Credit Card Use Before Bankruptcy The federal bankruptcy laws are very forgiving and will protect the honest, but unfortunate debtor. One of the main aims of bankruptcy is to give the debtor a ...
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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 ...
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Posted on Aug 17, 2010 By Robert W. Kovacs,Jr.
In most bankruptcy cases you will pay back nothing to your creditors. In other cases you will pay back what you can afford. Debt negotiation typically works by you making a payment to a company and ...
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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, ...
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Posted on Jan 28, 2010 By Robert Kovacs
When contemplating filing bankruptcy, sometime individuals will max out their credit cards right before filing. This is a mistake, and could jeopardize your entire case. Some debts in bankruptcy are ...
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Posted on Jan 27, 2010 By Robert Kovacs
Bankruptcy laws, like all laws, attempt to be fair (I admit not all laws actually are fair). In an effort to be fair to all creditors a bankruptcy debtor may not pay off one creditor in favor of ...
Continue reading "Common Bankruptcy Mistake – Paying off a loan from a relative shortly before filing " »