Taxes and Canceled Mortgage Debt…Do I have to Pay?
Normally, one would have to pay taxes anytime a past debt is forgiven in an amount that is over $600. However, there is a special exemption that exists that keeps people from paying taxes when the debt...
View ArticleBankruptcy, a Viable Option, Not the Bottom of the Barrel
With 15 million people jobless and about one in four homeowners underwater on their mortgages, many people have learned that charging today on the belief that they can pay tomorrow is a dangerous trap....
View ArticleSigns That You Might Be Headed Towards Bankruptcy
U.S. consumer bankruptcies are trending UPWARDS-big time!!!, 1.6 million filings estimated to come by the end of 2010. That puts bankruptcy filings at their highest level since 2005, according to the...
View Article5 Do’s And Don’ts When Considering Bankruptcy in Massachusetts
My name is Matthew T. Desrochers and I am a practicing bankruptcy attorney. I often find myself advising clients not to do things they were planning on doing before they came in to see me. After all,...
View ArticleThe Importance Of Hiring A Massahcusetts Bankruptcy Lawyer
f you are planning to file bankruptcy, Massachusetts Bankruptcy lawyers can help you to have the best possible results. Although it sometimes gets a bad name, bankruptcy exists to protect individuals...
View ArticleDischarge Student Loans in Massachusetts Bankruptcy?…..YUP!!!
Current Bankruptcy law prevents debtors/clients from discharging any student loans except in cases of EXTREME hardship. Well things are changing! Democrats Introduce Legislation to Make Private Student...
View ArticleProperty That May Be Exempt From Bankruptcy In Massachusetts
Historically, state bankruptcy law supplied the property exemptions accessible to those seeking bankruptcy protection. Even so, the personal bankruptcy code now enables states to choose between the...
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Tribune Co. gets go-ahead to pursue bankruptcy reorganization plan – Chicago...
Boston Globe Tribune Co. gets go-ahead to pursue bankruptcy reorganization planChicago Tribune… its key creditor constituencies, Chicago-based Tribune Co. took one step forward and another one back at...
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Mastro gives up future protection from his creditors – Seattle Times
Mastro gives up future protection from his creditorsSeattle TimesBankrupt Seattle real-estate magnate Michael R. Mastro has agreed to forgo any opportunity to have his massive debts wiped away by a...
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Judge Rules On Trump Entertainment (TRMP) Bankruptcy – Casino Gaming Stock
New Zealand Herald Judge Rules On Trump Entertainment (TRMP) BankruptcyCasino Gaming StockPending regulatory approval Trump Entertainment Resorts (TRMP: 0.40 0.00%) its set to exit its third...
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