Massachsetts homeowners are lucky enough to be protected by the Commonwealth’s generous homestead law, which typically will allow them to retain up to $500,000 in home equity even if their finances deteriorate to the point they have to file a Chapter 7 or Chapter 13 bankruptcy case. A question that frequently comes up in the […]
Category Archives: Real estate
Liens and the Massachusetts homestead exemption
Also posted in Chapter 7, Secured loans
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Will a bankruptcy case stop a foreclosure cold?
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
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No good deed goes unpunished
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 […]
Also posted in Chapter 7
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