http://www.boston-bankruptcy.com/blog The light at the end of the tunnel of debt. Mon, 09 Jun 2008 05:31:31 +0000 http://backend.userland.com/rss092 en Is it really possible to get rid of that second mortgage, but keep the home?  Quite possible.  Certain things must be in place for this to happen.  First, a "strip off" of a second mortgage is not possible in Chapter 7 if the debtors wish to keep the property.  In ... http://www.boston-bankruptcy.com/blog/2008/06/goodbye-second-mortgage/ What if my car is upside down? And I don't mean lying on its roof with the wheels pointing upwards and spinning. Being "upside down" refers to a loan secured by a car where the balance due is higher than what the car is worth. For instance, a 2003 Chevy ... http://www.boston-bankruptcy.com/blog/2007/08/what-if-my-car-is-upside-down/ Questions often arise on the treatment of tax debt in bankruptcy. With the 2005 changes in mind, taxes are generally dischargeable in Chapter 7 if they meet five rules: 1. The tax was due more than 3 years prior to the date of filing bankruptcy. Extensions count! 2. The tax ... http://www.boston-bankruptcy.com/blog/2006/12/how-about-uncle-sam/ Attorney Dmitry Lev was quoted in Business Week in a feature article Bonus Babies: Digging Into the Lifestyle on new business school grads and on the best ways for them to spend their sign-on bonuses. The feature was written by Julie Gordon and published in the October 10, 2006, issue. Most ... http://www.boston-bankruptcy.com/blog/2006/10/attorney-lev-quoted-in-business-week/