Bretta Law Advisors, P.C.

Rollover Homesteads in Massachusetts

jeff — Tue, 01 Aug 2017 16:15:03 +0000

We are all familiar with rollover IRAs, but in Massachusetts, residents have a unique right and opportunity to rollover some or all of the proceeds from one principal residence to another without subjecting those rollover proceeds to creditor claims. First, let’s understand what a Massachusetts Homestead is and what it provides for: M.G.L. c.188 §2 […]

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The $37,000 Dog Bite: Are You Insured For It?

jeff — Sun, 30 Jul 2017 16:49:45 +0000

All conscientious dog owners make sure their pets eat right, exercise often and visit the veterinarian regularly. They also socialize their doges and educate their children about proper behavior around dogs, which can help prevent dog bites. Statistics show about 4.5 million dog bites occur annually in the United States, and 20 percent become infected, […]

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LATE FILED TAX RETURNS

jeff — Sat, 15 Jul 2017 17:05:29 +0000

Don't be afraid to file. You will owe less and may have debt forgiven No one should ever advocate filing tax returns that are late or not accurate and complete. As professionals, we can never provide advice to clients as to how to evade income tax, but we can help you go through the tax […]

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The Filing of A Time Barred Claim in a Chapter 13 Case

jeff — Sat, 24 Jun 2017 16:31:19 +0000

The filing of a time barred claim in a Chapter 13 Case may subject the credit to sanctions for violating the Fair Debt Collection Practices Act (FDCPA) The filing of any case under the United States Bankruptcy Code may result in a creditor filing a proof of claim in order to share in the division […]

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Selecting the Right Mortgage For You Just Got a Lot Harder

jeff — Mon, 15 May 2017 16:21:58 +0000

When shopping for a mortgage, you should ask yourself several questions. The first is, what can you afford? then how long will you stay in this house before selling or refinancing for perhaps an addition or renovation, and then, how quickly can you pay your mortgage in full? The Wall Street Journal reported that: Mortgage […]

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Payday Loan Companies Charge too Much and Deliver Too Little

jeff — Sun, 30 Apr 2017 15:40:58 +0000

With their outrageously high interest rates and unreasonable payment schedules, payday loans are a very expensive way for people to borrow money.”Payday Loans” as they are referred to, are short-term loans for a small amount (typically under $500), which usually come due on the borrower’s next payday. These loans generally charge a fixed fee on the […]

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When a Divorce leads to Bankruptcy

jeff — Tue, 25 Apr 2017 16:31:15 +0000

Disrupting a family with a divorce is difficult and the effects can be long lasting, there are visitation, support, and custody issues that arise that need to be resolved, the Court system is jammed with cases and litigants, and the reality is, that except in very rare cases, the assets are split 50/50 and the […]

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