Recent Posts in Debt Category
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Posted on Feb 10, 2012 By Robert Kovacs
Can I Keep my Tax Refund? A common question this time of year for individuals considering bankruptcy is: Can I keep my tax refund? Yes you can. All cases are different and do need an individual legal ...
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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 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 Nov 28, 2011 By Robert Kovacs
cnn.money.com is reporting that the total consumer debt in the US has fallen 60 billion dollars from the previous quarter.
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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 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 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 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 24, 2011 By Robert Kovacs
Picking and Choosing Debts to Discharge There are many myths circulating regarding bankruptcy in Massachusetts. One of the most popular myths is that a bankruptcy debtor can pick and choose which ...
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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 17, 2011 By Robert Kovacs
Can Bankruptcy Discharge Student Loans? Discharging student loans through the Massachusetts bankruptcy court is extremely difficulty. Since 1978 Congress has increased restrictions on bankruptcy ...
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Posted on Jul 13, 2011 By Robert Kovacs
From the Us Trustee's Office. For the full article please visit http://www.justice.gov/ust/eo/public_affairs/press/docs/2011/pr20110118.htm January 18, 2011 CAPITAL ONE BANK (USA) N.A. WILL REFUND ...
Continue reading ""CAPITAL ONE BANK (USA) N.A. WILL REFUND MORE THAN $2 MILLION"" »
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 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 4, 2011 By
Bankruptcy's Instant Relief Individuals struggling with financial difficulty experience many forms of debt-related stress. Harassing phone calls, embarrassing collection letters, lawsuits, ...
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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 May 22, 2010 By Robert Kovacs
When you stop paying your credit card bill the bank will want to find a way to get you to start paying again. The first step will likely be making phone calls and sending letters. If that does not ...
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Posted on Mar 21, 2010 By Robert Kovacs
A recent discharge violation case of mine has settled for $15,000.00 In this case a creditor continued to call and send bills to a family after they had filed for bankruptcy and after they had ...
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Posted on Mar 20, 2010 By Robert Kovacs
At the conclusion of most individual bankruptcy cases a Debtor receives a “discharge” of his debts. The discharge is a release of your personal legal obligation to repay your debts. In part that ...
Continue reading "Creditors that continue to attempt to collect on discharged debt are violating the law. " »
Posted on Feb 24, 2010 By Robert Kovacs
Yes settling a debt for less than you owe will save you money but it is not going to save you as much as you think. When you settle a debt with your credit card or other creditors for less than you ...
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Posted on Jan 20, 2010 By Robert Kovacs
Leave it there. An individual filing a chapter 7 bankruptcy case you may be able to exempt up to $11,200 ($22,400 for a married couple) of cash and bank deposits. If the money is exempt it will not be ...
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Posted on Jan 15, 2010 By Robert Kovacs
Filing bankruptcy does not prevent you from buying any property, including a new home or cars. However, the better question is; when will a bank give me a mortgage for a new home? Chapter 7 bankruptcy ...
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Posted on Jan 10, 2010 By Robert Kovacs
The goal for most individuals in bankruptcy is to receive a discharge of their debts. A discharge is a release of your legal obligation to repay your debt. With limited exception the discharge will ...
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