Recent Posts in Chapter 7 Category
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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
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 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 5, 2011 By Robert Kovacs
Bankruptcy's Means Test In 2005, Congress changed the Bankruptcy Code and added a means test to prevent wealthy debtors from filing Chapter 7 Bankruptcy. The means test is a calculation designed ...
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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 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 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 28, 2011 By Robert Kovacs
Checkout our new chapter 7 bankruptcy video
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Posted on Jul 27, 2011 By Robert Kovacs
Your Personal "Debt Ceiling" On July 25, President Obama addressed the country asking the American public to encourage their Congressmen to raise our nation's debt ceiling. The debt ...
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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 ...
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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 ...
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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 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 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 ...
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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 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, ...
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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 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 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 ...
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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
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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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 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 ...
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