Category Archives: Bankruptcy News

Getting a mortgage after bankruptcy just got a little easier

Here’s a little bit of good news for people who have filed for bankruptcy, but are wishing they could buy a property again. As of July 29, 2014, Fannie Mae has relaxed its rules for qualifying for a mortgage with a bankruptcy on your record. While bankruptcy can be listed on your credit record for […]

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Bankruptcy creditor blamed for arrest warrant

If a creditor is suing you in small claims court, and you file a bankruptcy case to put an end to the problem (which it should), and the creditor does nothing further to collect on the debt (which is proper), the creditor still can end up in hot water if bad things happen to you […]

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TelexFree owner on the run?

As a followup to yesterday’s piece on the TelexFree bankruptcy case, Boston Globe reporter Beth Healy writes today that one of the embattled company’s owners may have left the company for Brazil. Because criminal charges have not been brought in the case, there is nothing to stop that. TelexFree filed for Chapter 11 bankruptcy protection […]

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TelexFree bankruptcy case headed to Massachusetts

It looks like the TelexFree bankruptcy case is headed to Boston. According to a story by Beth Healy in the Boston Globe, a judge in Las Vegas has decided that the controversial company’s bankruptcy would be better off being heard in their home state of Massachusetts. TelexFree is a purveyor of free Internet telephone service, […]

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Wells Fargo in hot water over foreclosure manual

The New York Post reports that one of Wells Fargo’s own foreclosure manuals could be used against the bank in a bankruptcy trial. Or as the Post puts it more bluntly, “Wells Fargo is in a federal judge’s hot seat.” On March 12, The Post broke the news of a bankruptcy lawyer’s allegations in court […]

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Fee trap for Massachusetts bankruptcy lawyers

Here’s a heads-up for Massachusetts bankruptcy lawyers: Judge Joan Feeney in Boston has been taking a hard line on enforcement of the court’s 2013 standing order on attorney fees and representation. The standing order requires attorneys who have filed an appearance in a bankruptcy case to represent their clients in motions, contested matters, and adversary […]

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Massachusetts redraws the bankruptcy court map

The United States Bankruptcy Court announced that as of May 1, 2014 residents of seven Boston suburbs will henceforth file their cases at the courthouse in Worcester. The affected municipalities are ASHLAND, FRAMINGHAM, HOLLISTON, BELLINGHAM, FRANKLIN, and MEDWAY. The most significant is Framingham, a city of 68,000 twenty miles west of Boston, and the same […]

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Bankruptcy fees set to rise in June

It’s not the best news for people thinking of going bankrupt, but starting on June 1, 2014, the fees required to file a case are going up by $29 across the board. Here are the new amounts: Chapter 7 bankruptcy: $335 (up from $ 306); Chapter 13 bankruptcy: $310 (up from $281); Chapter 12 bankruptcy: […]

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When Dad dies broke: too many elderly are suffering with debt

An excellent article by Rob Azevedo just appeared in the Boston Globe’s North section where the author describes how his father struggled with debt into his senior years. Azevedo really hits the nail on the head: “But today, millions of seniors are drowning in debt, trying to heat their homes, pay for medications, eat some […]

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Are casino liens really hardball?

Two front page articles in the Boston Globe in three days has put in the news this fact: Foxwoods and Mohegan Sun, the two massive Connecticut casinos which are now seeking the first gaming licenses ever issued in Massachusetts, have sometimes gotten liens on gambler’s Massachusetts homes for unpaid advances. First, the Sunday Globe “exposed” […]

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