Myth 1 The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) eliminated the right to file chapter 7 bankruptcy which is the discharge of debt without repayment while retaining assets. False, False, False. I file as many chapter 7 cases now as I did prior to BAPCPA. BAPCPA did increase the time involvement […]
Last week I met an attorney I had been introduced to for lunch. I knew little about his Massachusetts personal injury practice and wanted to learn more. I hoped he wanted to learn about my diverse law practice. During lunch he noted that the real estate market is rather slow and my Massachusetts real estate […]
Over the past year, I’ve encountered a good number of clients who had bankruptcy cases that would have had no issues, until they decided to unilaterally take financial action without the advice and consent of a Massachusetts bankruptcy attorney. In taking their unilateral action they often badly damaged or substantially delayed their potential Chapter 7 […]
A client visited my office yesterday to discuss filing a MA bankruptcy case. He had no savings and very little money in his checking account. The client had a 401k with over $25,000. He had numerous credit card bills with balances totaling over $40,000 with regular monthly payments over$1,000. He had a wife and child […]
<div class=”hs-migrated-cms-post”> <p>Purchasers of <a class=”” href=”https://davelima.com/practice-areas/massachusetts-real-estate-law/”>Massachusetts real estate</a> which is improved by a one to four family home they will occupy and which is financed with a purchase money mortgage are entitled to a Certification of the real estate title by the lender’s attorney. Massachusetts General Laws, Chapter 93, Section 70 requires the lender’s […]
Purchasers of Massachusetts real estate which is improved by a one to four family home they will occupy and which is financed with a purchase money mortgage are entitled to a Certification of the real estate title by the lender’s attorney. Massachusetts General Laws, Chapter 93, Section 70 requires the lender’s attorney to examine the […]
Many people often visit their physician annually for a checkup. These visits are preventative and help disclose health issues early when they can often be most easily treated. We do the same for our oral health when we visit the dentist for cleaning and checkups. But our annual reviews don’t end with our body. We […]
Mark Twain once traveled to Europe where he learned that his obituary had been published in the New York Journal. Twain responded by saying that “reports of my death are greatly exaggerated.” After the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) was signed into law by President Bush an impression developed among […]
Buying a new home has always been a fun and yet stressful process. The recent downturn in the market and increase of inventory have provided many opportunities for buyers to find their dream property. Unfortunately, many buyers now face new hurdles. Patricia (Patti) Lima, a realtor with Century 21 Commonwealth believes many buyers can find […]
In 2005, Congress passed the “Bankruptcy Abuse Prevention Act” otherwise known by the acronym “BAPCPA”. Under BAPCPA, Massachusetts debtors have three options allowed by federal law in regard to their car loans. The first is to surrender their automobile. Returning the vehicle to the lender relieves the debtor of any further responsibility for the debt […]