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  • May 20, 2012

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Proposed Amendments to the Massachusetts Local Bankruptcy Rules

The United States Bankruptcy Court, with the valuable assistance of the Attorney Advisory Committee chaired by Chief Judge Frank J. Bailey and Judge Melvin S. Hoffman, has drafted new and proposed amendments to the Massachusetts Local Bankruptcy Rules (PDF Version).

PROPOSED NEW AND AMENDED LOCAL RULES
RULE 1009-1. AMENDMENTS

(a) A party filing a document amending a voluntary petition, list, schedule, statement of financial affairs, statement of intention or statement of current monthly income shall do so by notice as set forth in Fed. R. Bankr. P. 1009(a), except with respect to the following in an individual debtor’s case:
(1) amendment to add a creditor or to change a creditor’s address; or
(2) amendment to the schedule of exemptions after the deadline for objecting to the exemptions.
(b) If either exception set forth in subsection (a) applies, the debtor shall file a motion to amend seeking approval of the amendment.
(c) The following documents, to the extent applicable, shall be filed along with the documents required in subsections (a) and (b):
(1) the amended voluntary petition, list, schedule, statement of financial affairs, statement of intention, or statement of current monthly income, which shall clearly state in the caption that the document is “amended”;
(2) Official Form B6 -Declaration Concerning Debtor’s Schedules;
(3) an amended summary of schedules; and
(4) a certificate of service of notice to all parties in interest, including persons affected by the amendment.
(d) If the debtor is adding a creditor or is changing an existing creditor’s address on the mailing matrix, the motion to amend or notice shall include a separate list of the names and addresses of only the added creditors in compliance with MLBR Official Local Form 1.

[Read more...]

Notice of Proposed Amendments to the Massachusetts Local Bankruptcy Rules

The United States Bankruptcy Court, with the valuable assistance of the Attorney Advisory Committee chaired by Chief Judge Frank J. Bailey and Judge Melvin S. Hoffman, has drafted  proposed amendments to the Massachusetts Local Bankruptcy Rules.Comments are invited, and should be submitted to Chief Judge Frank J. Bailey, United States Bankruptcy Court, J.W. McCormack Post Office and Court House,
Boston Bankruptcy Source

Call for Volunteers

The BBA Bankruptcy Law Section is seeking volunteer authors to contribute case summaries and other content for posting on the Section’s blog.  The Section is also seeking volunteers to serve on its editorial/mentor blog board.  The board will coordinate with the author pool to solicit and review content.  If you are interested, please contact the Section co-chairs for more information.
Boston Bankruptcy Source

UPCOMING VOLUNTEER OPPORTUNITIES IN SUPPORT OF THE BANKRUPTCY SECTION’S VETERANS INITIATIVE

1.    On Saturday March 21, 2012, the Bankruptcy Section has been was asked to lead a 1.5 hour session on financial education at a Veteran’s retreat in conjunction with its continuing outreach to Veterans in partnership with the Massachusetts Department of Veteran’s Services.  The retreat is for military veterans, and their families, who have suffered a traumatic brain injury.  The retreat,
Boston Bankruptcy Source

BAP Affirms Entry of Sale Order – Failure to Object Constitutes Implied Consent

Click here for a summary of In re Grassi by Dan Lake.
Boston Bankruptcy Source

Selecting a Boston Bankruptcy Attorney

A Boston bankruptcy attorney can help you manage personal or professional debts you are unable to pay. Bankruptcy laws allow people and businesses to (1) get a “fresh start” by relieving most debts; and (2) repay the money owed to all creditors as fairly as possible.

When you file for bankruptcy protection, all other legal actions against you are put on hold. Creditors cannot sue you, garnish your wages, repossess your car or home entertainment system, or start or continue with a foreclosure action against your home. There are different types of bankruptcy filings and each has its own advantages. Since bankruptcy can significantly impact your future purchasing power and credit rating, you should see a bankruptcy attorney to make sure the benefits of filling bankruptcy outweigh the consequences.

The Boston bankruptcy lawyers at Esher Rossi will discuss your financial restructuring options. Our bankruptcy lawyers serve all of Massachusetts including Boston, the Greater Boston MetroWest region, Cape Cod and the cities of Boston, Cambridge, Cape Cod, Framingham, Lowell ,  Newton, and Worcester.

Do I need an attorney to file bankruptcy in Massachusetts?

You can file bankruptcy in Massachusetts without the assistance of a lawyer.  To ensure that you obtain the debt relief you need and protect your assets to the fullest extent possible, you should retain an experienced bankruptcy attorney. There are many steps and subtle nuances that are required in order to complete the bankruptcy process. If you make a mistake, you may lose significant assets that you hoped to keep. For example, if you want to exempt real estate in Massachusetts, you must record a declaration of homestead for the property. If you do not complete this step, your home may not be exempt and may be sold in a bankruptcy. [Read more...]

Can I file Chapter 7 bankruptcy if I earn an hourly wage in Massachusetts?

Credit card companies may want you to believe that. However, most wage earners with serious debt problems are eligible to file Chapter 7 bankruptcy. An experienced Greater Boston bankruptcy lawyer can help you file for Chapter 7 bankruptcy properly, even if other lawyers have said you are ineligible. [Read more...]

Is Debt Settlement/Consolidation/Negotiation an Alternative to Bankruptcy?

Only bankruptcy offers you full protection from your creditors. While some of the businesses that provide debt consolidation services are reputable, others are not.  There are many types of business that promise to consolidate your debts. These businesses claim that you will pay pennies on the dollar to settle your debts. In far too many cases, people pay large fees to “credit counseling” firms, but eventually file for bankruptcy with an attorney because they do not get the debt relief they were promised. [Read more...]

Will my credit card use prevent my eligibility to file for bankruptcy?

More information:

I live on Cape Cod and the down economy has taken its toll on my financial state. Most of my debt is credit card debt with three different cards. I want to file chapter 7 bankruptcy but I continue to use one of the cards for essentials. Does that mean I can’t file bankruptcy until I wait a certain amount of time?

Bankruptcy Attorney Answer:

You can file for bankruptcy protection, but it is possible that some of your more recent credit card debt may be deemed non-dischargeable, meaning you will still have to pay it back. The bankruptcy code says that non-essential credit card debt to any one card company that equals or is greater than $500 and was incurred within 90 days of your bankruptcy filing is presumed to be non-dischargeable.  Also, credit card debt of ANY amount and incurred at ANY time may, in theory, be deemed non-dischargeable if the card company can show that you knew or should have known that you would have been unable to pay it back.  An experienced bankruptcy lawyer can help you effectively navigate the Chapter 7 bankruptcy process. [Read more...]

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