For 2009 the new median income figures for Massachusetts are: Family of one: $54,842 Family of two: $66,437 Family of three: $83,104 Family of four: $100,280 Add $6,900 for each family member above four.
April 2009
Stories from clients lately are full of another round of inventive and utterly false statements about the law from the mouths of debt collectors. These lies are effective because the hearer doesn’t understand either the law or the economics of debt collecting. Some of the most often repeated lies are: This debt is not dischargeable [...]
Senator Mel Martinez (R-FL) figures to be a critical vote on the Bankruptcy Reform Act of 2009 (S. 61) when the Senate resumes its session after a month-long recess. The pending bankruptcy bill, if passed by the Senate, would save most of the Middle Class from imminent foreclosure and displacement from their homes. Republicans (and [...]
Illinois Governor Pat Quinn signed a new law April 5th, 2009 that prevents mortgage holders from foreclosing for up to 3 months. The law imposes a moratorium on foreclosure within the first 30 days of delinquency. Mortgage holders must advise borrowers they have 30 more days to seek credit counseling. Homeowners who obtain housing counseling [...]
A Bankruptcy Lawyer is required to inform the Court of how much money debtor has paid or will pay in attorney fees in contemplation of or in connection with a bankruptcy case. The Disclosure of Compensation form is filed, and signed by the attorney not by the debtor, in every case to identify payment received [...]
A recent article in AARP The Magazine discusses “How to get ready for the worst that could happen“. Kathy Kristof, a syndicated personal-finance columnist and author (“Investing 101“) writes about the major life events that cause money crisis in Americans’ lives and provides suggestions on how to handle the crisis. Job Loss: Imagine the worst – Spencer [...]
