Recent Posts in Bankruptcy Category
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Posted on Feb 3, 2012 By Robert Kovacs
Dear NACBA Member, Thanks to the good work of so many members, NACBA’s Principal Paydown Plan to help underwater homeowners in chapter 13 bankruptcy avoid foreclosure, has been endorsed by a ...
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Posted on Jan 31, 2012 By Robert Kovacs
Hostess Brands, Inc. On Friday, January 13, 2012 the maker of Twinkies and other sweet treats, Hostess, filed for chapter 11 bankruptcy protection in New York.
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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 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
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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 Jan 4, 2012 By Robert Kovacs
Credit Card Debt Is On The Rise A recent survey indicates the spending habits of the American consumer. After two years of moderate credit card use, new figures from Card Hub show that credit card use ...
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Posted on Dec 13, 2011 By Robert Kovacs
Common Question -- Is there a minimum debt in bankruptcy? No. There is no minimum or maximum debt in bankruptcy. I believe the confusion comes from debt negotiation/settlement companies that advertise ...
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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 Dec 11, 2011 By Robert Kovacs
Stop Foreclose – Fees for Chapter 13 Bankruptcy Filing of a bankruptcy petition will instantly stop the foreclosure on your home. Often we are asked, how much is the fee? The standard pre-filing ...
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Posted on Dec 6, 2011 By Robert Kovacs
My home has been sold at foreclosure – Is there any way for me to get my house back? Maybe, but the road in front of you will be an uphill battle. First, the best situation is to contact a ...
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Posted on Dec 6, 2011 By Robert Kovacs
No hidden fees – Here is our fee schedule for Simple Chapter 7 Bankruptcy Cases in Worcester County It should be noted that all cases are different and several factors can increase or decrease ...
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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 Nov 9, 2011 By Robert Kovacs
How EBay Can Help Your Bankruptcy EBay is an online auction website where people and businesses buy and sell goods. You probably already know that. What you may not know is how EBay can help you ...
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Posted on Oct 27, 2011 By Robert Kovacs
White House Offers New Relief To Massachusetts Student Borrowers President Obama has announced a plan that seeks to lessen the burden of paying back student loans for Massachusetts residents. The plan ...
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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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Posted on Oct 27, 2011 By Robert Kovacs
Solicitor General Supports Debtor in Supreme Court In Countrywide v. Rodriguez, No. 10-1285 (S.Ct.) the United States Solicitor General submitted an amicus brief opposing certiorari and supporting ...
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Posted on Oct 27, 2011 By Robert Kovacs
Dear NACBA Member, I am pleased to report that NACBA’s “principal paydown plan,” designed to help struggling homeowners in chapter 13 save their homes from foreclosure, is now under ...
Continue reading "FHFA Director Praises Principal Paydown Plan as "Promising" and "Credible"Pledges to Provide Members an Assessment in Two Weeks" »
Posted on Oct 24, 2011 By Robert Kovacs
U.S. Bankruptcy Courts Increase Cost of Going Broke The U.S. Bankruptcy Courts have increased the fee for filing bankruptcy by $7. Effective November 1, 2011, the filing fee for Chapter 7 will ...
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Posted on Oct 17, 2011 By Robert Kovacs
The Judicial Conference of the United States adopted a new court fee schedule on September 13, which will become effective November 1, 2011. The revenue generated by the fee change will go into the ...
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Posted on Oct 16, 2011 By Robert Kovacs
Are You A Bankruptcy Phoenix? The ancient world has many stories of the firebird, or phoenix. The phoenix is mythical bird of great beauty that lives a very long time. At the end of its life the ...
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Posted on Oct 16, 2011 By Robert Kovacs
Dear NACBA Member: On Wednesday, we wrote to bring you up-to-date on activities of NACBA’s Legislative Committee in support of the Principal Paydown Plan (PPP). Just as that email went out, we ...
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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 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 ...
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