Taxes and Canceled Mortgage Debt…Do I have to Pay?

March 16, 2011 No comments yet

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 forgiven is related to losing their home. There are several common misconceptions that are good for everyone to […]

Bankruptcy, a Viable Option, Not the Bottom of the Barrel

January 8, 2011 No comments yet

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. For the first time since the Depression, the economy has pushed people who never would have dreamed of bankruptcy to ask […]

Signs That You Might Be Headed Towards Bankruptcy

October 19, 2010 No comments yet

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 American Bankruptcy Institute In 2005 Congress sought to limit bankruptcies through the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA). But […]

5 Do’s And Don’ts When Considering Bankruptcy in Massachusetts

September 14, 2010 No comments yet

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, that’s why they are in my office, to get advice on how to handle their debt issues. Some […]

The Importance Of Hiring A Massahcusetts Bankruptcy Lawyer

April 28, 2010 No comments yet

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 as well as businesses who have had the unexpected happen. A Massachusetts bankruptcy attorney understands the laws and will fight to get the best […]

Discharge Student Loans in Massachusetts Bankruptcy?…..YUP!!!

April 26, 2010 No comments yet

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 Loans Dischargeable in Bankruptcy Democratic lawmakers introduced legislation yesterday that would allow private student loan borrowers to once again discharge their private student loans in bankruptcy. Since 2005, […]

Property That May Be Exempt From Bankruptcy In Massachusetts

April 21, 2010 No comments yet

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 federal exemptions offered inside the bankruptcy code or the exemptions offered in state law. In Massachusetts you can choose between using the Federal Bankruptcy Exemptions or the Massachusetts […]

Tribune Co. gets go-ahead to pursue bankruptcy reorganization plan – Chicago Tribune

April 13, 2010 Comments Off on Tribune Co. gets go-ahead to pursue bankruptcy reorganization plan – Chicago Tribune

Boston Globe

Tribune Co. gets go-ahead to pursue bankruptcy reorganization plan
Chicago Tribune
its key creditor constituencies, Chicago-based Tribune Co. took one step forward and another one back at a hearing before a US bankruptcy judge Tuesday.
Judge affirms Tribune's exclusive right to pursue bankruptcy planLos Angeles Times
Lendors Express Problems in Tribune's Bankruptcy PlanChicago Public Radio
Tribune Co. files bankruptcy reorganization planBoston Herald
BusinessWeek –Reuters –The Associated Press
all 548 news articles »

Mastro gives up future protection from his creditors – Seattle Times

April 13, 2010 Comments Off on Mastro gives up future protection from his creditors – Seattle Times

Mastro gives up future protection from his creditors
Seattle Times
Bankrupt Seattle real-estate magnate Michael R. Mastro has agreed to forgo any opportunity to have his massive debts wiped away by a federal bankruptcy

and more »

Judge Rules On Trump Entertainment (TRMP) Bankruptcy – Casino Gaming Stock

April 13, 2010 Comments Off on Judge Rules On Trump Entertainment (TRMP) Bankruptcy – Casino Gaming Stock

New Zealand Herald

Judge Rules On Trump Entertainment (TRMP) Bankruptcy
Casino Gaming Stock
Pending regulatory approval Trump Entertainment Resorts (TRMP: 0.40 0.00%) its set to exit its third Bankruptcy later this year.
Trump Entertainment 4.0: Less debt, more IvankaThe Associated Press
Trump Beats Out Icahn for Control of CasinosNew York Times (blog)
U.S. judge clears Trump Entertainment revamp planMarketWatch
Wall Street Journal (blog) –Wall Street Journal –TopNews United States
all 341 news articles »


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