Some, but unfortunately not all, lenders are allowing homeowners to delay payments on their mortgage for up to 6 months (or longer). Sounds wonderful, right? However, after the forbearance period is over, the homeowner is required to repay the entire amount due at the...
Month: April 2020
Stimulus Payments under the CARES ACT are not Income in Bankruptcy Chapter 13 Plans Can be Modified to up to 7 years if “Covid19 Related”
With regards to individuals who have filed or who are considering filing for bankruptcy relief under Chapter 7 or Chapter 13, the CARES Act, which among other things provided stimulus income payments to individuals, has amended certain sections of the Bankruptcy Code....
What is a bankruptcy means test?
Filing for bankruptcy may allow you to recover from overwhelming debt and return to a stable financial situation. There are two types of personal bankruptcy: chapter 7 and chapter 13. Each one has unique eligibility requirements, but both may help you pay off your...
Recognizing signs of parental alienation
In a perfect world, you and your ex might be able to co-parent successfully once you decide to part ways, but for many families, this winds up not being the case. Often, some level of animosity exists between exes after your divorce. However, it is important that you...
Is this a sign of creditor harassment?
Massachusetts residents sometimes find themselves facing financial hardships. These difficulties come and go. They are often hard to predict. They make life a little tougher for everyone. The last thing you need on top of your financial burden is harassment....