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April 2013 Archives

Seniors filing for Chapter 13 can keep Social Security income

Massachusetts retirees who are seeking debt relief may be interested to hear about a recent court case in another part of the country. In this case, a federal appellate court held that those who are receiving social security retirement benefits do not have to apply that income to a Chapter 13 repayment plan.

Massachusetts students may face higher student loan rates

Those Massachusetts residents who are currently financing their college educations with student loans, or who plan to do so in the near future, should know that unless Congress acts soon, interest rates on future student loans will double from 3.4 percent to 6.8 percent, effective July 1, 2013.