The economy has had a significant impact on a wide demographic that has not been limited to those with lower education levels or to low-income earners. If you have graduated from college or graduate school and have been unable to find a job, you are not alone. I often see graduates who are strapped with credit card debt and high student loan obligations. While student loans generally are not dischargeable in bankruptcy, we can rid you of your unsecured debt and provide you with more financial freedom while you continue to search for employment during these trying economic times. 

You would think that banks would be eager to avoid the risk of receiving very little upon a foreclosure sale. However, the analysis from the bank’s perspective doesn’t end there. This article reveals that lenders are also very careful to avoid the risk of being defrauded. The more that short sales are declined, the more that homeowners are forced into foreclosure and into my offices. If you have had problems obtaining approval for a short sale or obtaining a loan modification, it is better that you call me sooner than later at 508-756-6940.

Credit bureau reports are a very useful tool in ensuring an accurate picture of a debtor’s finances.

Credit bureau reports tell you who is an authorized user (very useful to find out what bills someone else is running up before there is a filing or who is jointly responsible on the account). The reports can tell you whose bills are whose and how much is owed. The account information derived from the credit bureaus will allow you to gauge the extent of marital debt and in the context of a divorce proceeding, enables divorce counsel to propose a settlement and separation agreement with less opportunity for a misunderstanding of the scope of marital debt.

The credit bureau reports allow us to verify the information given to us by our clients. We use a company by the name of Suite Solutions to obtain credit bureau reports because their reports give a full ten year history in which there may be something hidden.  

As you can see from my home page, I offer a free credit bureau report along with my free initial consultation. If you feel that you are currently in need of my services or that you may be in need of my services in the near future, please give me a call today at 508-756-6940.

“Where a husband and wife were denied Chapter 7 discharges on the ground that they granted four pre-petition mortgages with the intent to hinder or delay the collection of a creditor’s judgment debt against the husband, the discharge denial must be reversed as to the wife….

 ‘[T]he Panel concludes that the bankruptcy court may not deny a co-debtor a chapter 7 discharge under §727(a)(2)(A), regardless of the co-debtor’s intent, in the absence of consolidation, when the complaining party is not his/her creditor as required by §727(c)(1). It follows that because Warchol is not Mrs. Barry’s creditor, she has no standing … to object to Mrs. Barry’s discharge. Accordingly, the bankruptcy court committed an error of law in denying Mrs. Barry a discharge. …’”

The name of the case is In Re: Barry, Kevin J., Jr., et al. (Lawyers Weekly No. 03-010-11) (15 pages) (Votolato, J.) (BAP) Appealed from a decision by Boroff, J., in the U.S. Bankruptcy Court for the District of Massachusetts. Stephen F. Gordon, Todd B. Gordon and Ashley S. Whyman, on brief for the debtors; Michael B. Feinman and Stephen P. Shannon on brief for Joyce A. Warchol (Docket No. MW-10-058) (June 9, 2011).

Although I don’t currently have a case where I could use this ruling, I have no doubt that this subscription to Massachusetts Lawyers Weekly online will surely be useful for one of my cases in the near future.

The cash can be used for moving costs and a deposit for first and last month’s rent (and security). I’ve heard of people leaving their properties without waiting for a “Cash for Keys” offer. They probably unknowingly walked away from a few thousand dollars and some additional time to get ready for the next step.