Recent Posts in Chapter 11 Category
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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 ...
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Posted on Apr 11, 2012 By Robert Kovacs
Direct Air Bankruptcy – Case Update Today, April 11, 2012, the bankruptcy court order Direct Air's chapter 11 bankruptcy converted to one under chapter 7. In chapter 7 a case trustee will be ...
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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 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 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 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 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 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 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 Sep 9, 2011 By Robert Kovacs
Is your Bank Account Half Full Or Half Empty? 5 People Who have filed Bankruptcy It's funny how perspective can shape reality. For instance, some Massachusetts debtors view a personal bankruptcy ...
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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. ...
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Posted on Aug 7, 2011 By Robert Kovacs
Tax liens will "ride through" your bankruptcy case. If you have an otherwise dischargeable tax claim and a lien has been recorded against your real or personal property the lien will remain ...
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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 ...
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Posted on Jun 2, 2011 By
Your Massachusetts Fresh Start Bankruptcy An individual's lifetime is filled with highs and lows. Take for example the life of auto maker Henry Ford. Ford worked for years as an engineer for Thomas ...
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Posted on May 30, 2011 By
Rental Property - Mortgage Cram Down - Reduce your principle balance on your mortgage loan In a chapter 11 or 13 bankruptcy you may be able to reduce the outstanding principle balance on your mortgage ...
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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 ...
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Posted on Aug 17, 2010 By Robert W. Kovacs,Jr.
Every bankruptcy case is different fees will vary from case to case. Typical fees in consumer cases are as follows: Chapter 7: Legal Fee: $1,000 - $1,500 Filing Fee: $299 Bankruptcy counseling: $100 ...
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Posted on May 31, 2010 By Robert Kovacs
Bankruptcy can save your home from foreclosure! The moment a bankruptcy case is filed with the bankruptcy court the automatic stay comes into effect. The automatic stay prevents creditors from taking ...
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Posted on Feb 15, 2010 By Robert Kovacs
Individual debtors filing bankruptcy are required to complete both pre and post discharge counseling courses. Pre-filing counseling or “Credit Counseling” must be completed before the filing of ...
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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 ...
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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 ...
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