When considering bankruptcy and other options to deal with your debts, I refer to a quote from Professor Elizabeth Warren of Harvard Law School from her book All Your Worth: “You can’t borrow your way out of debt.” People in debt are flooded with information that tells them that they should NOT file bankruptcy and they are told to [...]
2007
The lead article in the December 3, 2007, Business Week entitled Fresh Pain for the Uninsured describes a growing trend in which finance companies team up with medical providers to steer uninsured and underinsured patients into credit-card style repayment plans as part of the admissions process. The hospital or other health care provider gets paid [...]
Christmas is behind us and the bills are coming. If the bills are longer than your paycheck’s reach, which ones get paid and which ones deferred? To protect your family, you might have to overcome instinct. The lesson is this: Face your problems head on, but tackle the biggest threats first. Don’t allow a voice [...]
What happens if a debtor in chapter 7 bankruptcy dies during the administration of the case? The simple answer is a deceased debtor can receive a discharge of debt, provided the debtor would qualify for a discharge during one’s lifetime. In other words, the case can proceed to completion and you can go to your [...]
Statutory foreclosure procedure in Massachusetts requires two weeks’ advance notice to the borrower by certified mail and two weekly classified advertisements at least one week before the foreclosure sale. The sale is considered complete when the memorandum of sale is signed at the foreclosure sale’s auction, even if the successful bidder has 30 days to [...]
Bankruptcy affects more than the people filing – it also affects their family. Parents don’t realize that the credit card debts that they accumulate can hurt their children’s ability to get a college education. People who can afford to pay their debts should not be allowed to walk away from debts because they don’t feel [...]
