Recent Posts in Cram Down Category
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 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 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 ...
Continue reading ""Support growing among policymakers for NACBA's Principal Paydown Plan"" »
Posted on Aug 23, 2011 By Robert Kovacs
Homeowners Need Help Neither Congress, nor federal regulators, nor state or federal prosecutors have yet to conduct a thorough investigation into the mortgage bubble and financial bust. We welcomed ...
Continue reading "Homeowners Need Help -- from the New York Times" »
Posted on Aug 21, 2011 By Robert Kovacs
The Positives of Bankruptcy! Massachusetts residents who use the bankruptcy laws most successfully are generally those with the best attitudes and the proper perspectives. As one writer asked, ...
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Posted on Jun 23, 2011 By Robert Kovacs
Keeping Your Vehicle During Chapter 13 Bankruptcy While some Massachusetts debtors are able to get by without a personal vehicle, having reliable transportation is necessary to most. Whether it is a ...
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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 Jan 12, 2010 By Robert Kovacs
If you are unable to afford your car loan you may chose to voluntarily surrender the car to the bank. After the bank has the car they will sell the car at an auction. They will apply the proceeds of ...
Continue reading "I can no longer afford my car. What happens if I give it back to the bank? " »
Posted on Jan 2, 2010 By Robert Kovacs
Very often the value of your car is much lower than the amount of your outstanding loan. (Check the value of your car at Kelly Blue Book, www.KBB.com ). If this is your case bankruptcy may be able to ...
Continue reading "My car is worth less than I owe on it! What can I do? Redeem or Cram Down. " »