U.S. home repossessions spiked in August to highest level since the start of the U.S. mortgage crisis. The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month in a
Massachusetts Bankruptcy Blog
The Massachusetts Bankruptcy Blog, published by the O'Donnell Law Firm, focuses on issues related to bankruptcy and financial distress within Massachusetts. It covers topics such as foreclosure processes, lender roles in foreclosures, and strategies for managing and paying off debt, including credit card debt prioritization. The blog also discusses unemployment trends and legislative developments affecting unemployment benefits, highlighting their impact on individuals facing financial hardship. Additionally, it addresses economic factors influencing bankruptcy and foreclosure rates, providing insights into the local housing market and employment conditions relevant to those considering bankruptcy or facing financial challenges.
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Latest from Massachusetts Bankruptcy Blog
Unemployment to be extended beyond 99 weeks? A Tier 5 may be coming . . .
On August 4, 2010, Senator Debbie Stabenow (D-MI) introduced the Americans Want to Work Act. This legislation would create an additional tier (Tier 5) of unemployment benefits for those (known as the 99ers) who have exhausted their unemployment insurance benefits.…
Why should I pay off high interest rate credit cards first?
You’ve probably read that you should pay off high interest rate credit card debt first. From a financial standpoint, that’s true. It costs more to carry a balance on a high interest rate credit card. The longer you take to…
What is the Lender’s Role in Foreclosure?
A lender in a foreclosure is the entity holding a borrower’s mortgage loan and will most times want to foreclose on a property to protect its own interest. If the borrower falls behind on payments, a foreclosure sale will sometimes allow the…
Massachusetts Bankruptcy – New Unemployment Claims Just Keep Coming In
First-time claims for
…
I am quoted in Patriot Ledger re: MA Bankruptcy Filings up 25%
Bankruptcy Filings Up 25% Over Last Year, Many Consumers Struggling With Job Loss(Massachusetts)
The Patriot Ledger ^ | Jul 23, 2010 | By Jon Chesto
The number of bankruptcy filings in Massachusetts surged by 25 percent in the first six…
MA Unemployment Compensation – NEWS as of 7/22/2010
Good News. The House passed the bill late today and it should make it to the President’s desk to be signed very soon. Also good news is that it IS retroactive to the date your checks stopped. Thus lump sum…
MA BANKRUPTCY ATTORNEY – Unemployment Benefits vote is TOMORROW
By Jared A. Favole Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)–President Barack Obama on Monday urged Congress to extend unemployment insurance and lambasted Republicans for blocking the legislation three times.
Obama, speaking in the White House Rose Garden, said…
MA Bankruptcy Attorney – H.R.5618. Unemployment voted NO, Tax cuts for wealthy YES. Who’s to blame?
Quincy Bankruptcy Attorney – MA Unemployment Compensation Extensions?
By Bankruptcy Attorney, Kara O’Donnell
857-526-1355
http://www.QuincyLegal.com
Quincy and Hingham, MA
Because my last two blog entries on this have been so frequently viewed, I’ve decided to provide more information about H.R. 5618: Restoration of Emergency Unemployment Compensation Act of…
