Monthly Archives: January 2010

Government mortgage relief program to finally get some traction?

By doug | Published: January 28, 2010

The Obama administration’s beleaguered mortgage relief program may finally be getting to the point where it may be of use to the typical homeowner. The program was launched in the spring of 2009, but has attracted less than 70,000 homeowners who have been able to complete the program so far. Part of the problem lies […]

Posted in Bankruptcy News | Comments closed

New Bankruptcy Court website for New Hampshire

By doug | Published: January 27, 2010

The Bankruptcy Court in Manchester, N.H. has just rolled out a new look for its main website. A quick glance shows a sleek design that is easy to navigate. Court websites have to serve a diverse audience that includes debtors, potential pro se filers, attorneys who want to file a case right now (even if […]

Posted in Bankruptcy News | Comments closed

Will Scott Brown help you get a loan modification on your mortgage?

By doug | Published: January 26, 2010

The surprise election of Scott Brown to the open Senate seat in Massachusetts certainly has set the political commentators abuzz. Most debate and analysis has focused on what Brown’s election may mean for the administration’s hopes for health care legislation. What has received no attention at all — at least that I’m aware of — […]

Posted in Chapter 13, The Bankruptcy Code | Comments closed

Credit card holders: some good news on the horizon

By doug | Published: January 25, 2010

With February just around the corner, credit card users can finally look forward to the benefits of the new federal credit rules passed last summer. The changes include prohibitions or limits on a number of card issuer billing practices that are unfair or that difficult to understand even if disclosed: (1) universal cross-default; (2) any-time, […]

Posted in Credit cards | Comments closed

So you want to get rid of your car?

By doug | Published: January 24, 2010

Not everyone is enamored with that All-American love for the motorcar, treating the machine in the driveway like a pet or a member of the family. Especially if it comes with a whopper monthly payment, or worse yet, periodically doesn’t run. While it is nowhere as common as the alternative, a few bankruptcy clients want […]

Posted in Secured loans | Comments closed

So you want to keep your car?

By doug | Published: January 22, 2010

Thinking about filing for bankruptcy, but worried that if you do, the “authorities” will leave you without a ride? For the most part, those fears are unrealistic. The people you see walking home from the courthouse have DUI’s, not bankruptcies. If you have a car with an outstanding loan (or cars with loans), and you […]

Posted in Secured loans | Comments closed

Will a bankruptcy case stop a foreclosure cold?

By doug | Published: January 21, 2010

In the depths of the current housing crisis, more people than ever are interested in the intersection of foreclosure law and bankruptcy. The short and skinny answer to the question posed above is “YES,” the filing of a consumer bakruptcy case will stop a forecloseure in its tracks. I am always a little amazed at […]

Posted in Real estate | Comments closed

No good deed goes unpunished

By doug | Published: January 20, 2010

What began so simply in 1998 as a couple’s intent to help their struggling daughter establish a home has resulted in a bankrutpcy court nightmare that continues to this very day. In that year Kenneth Duda and his then wife purchsed a two family home in Northfield, Massachusetts with the intention that their daughter Pamela […]

Posted in Chapter 7, Real estate | Comments closed

Who owns your tax refund?

By doug | Published: January 15, 2010

If you decide to file a bankruptcy case, what happens to that tax refund check that you are expecting? In most cases, the the answer is simple: most debtors will be able to have their attorney fill out the bankruptcy forms so that the refund is declared “exempt.” Even if the IRS or DOR issues […]

Posted in Taxes | Comments closed
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