The Law Office of Barry R. Levine

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The Law Office of Barry R. Levine The Law Office of Barry R. Levine focuses on the financial problems of consumers and small business

Waiting until bankruptcy is near to secure an old family loan can create serious trouble.Barry Levine warns that last mi...
10/14/2026

Waiting until bankruptcy is near to secure an old family loan can create serious trouble.
Barry Levine warns that last minute moves may be treated very differently from properly planned transactions.

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https://bio.link/barrylevine

Giving property away for “love and affection” does not make the transfer safe from review.Barry Levine explains why cour...
10/13/2026

Giving property away for “love and affection” does not make the transfer safe from review.
Barry Levine explains why courts look closely at what was actually received in return.

Click the bio link to listen to the full episode
https://bio.link/barrylevine

A deed signed years ago may not protect a transfer if it was recorded right before bankruptcy. Barry Levine shares how t...
10/12/2026

A deed signed years ago may not protect a transfer if it was recorded right before bankruptcy. Barry Levine shares how timing turned one property transfer into a classic fraudulent conveyance issue.

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https://bio.link/barrylevine

10/11/2026

Transferring property for less than fair value can create serious problems when bankruptcy follows. In Massachusetts, certain fraudulent conveyance claims may reach back beyond the federal bankruptcy period, giving creditors additional time to challenge a transfer. Understanding the timing of a transfer and the laws that apply can be critical before moving assets when financial trouble is on the horizon.

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https://bio.link/barrylevine

Debt consolidation may solve the first round of bills without fixing the deeper problem. Barry Levine describes how new ...
10/10/2026

Debt consolidation may solve the first round of bills without fixing the deeper problem. Barry Levine describes how new loans, lost retirement savings, and fresh debt can create a vicious cycle.

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https://bio.link/barrylevine

10/09/2026

Using retirement savings to eliminate debt may provide temporary relief but can leave someone in a worse financial position. Chapter 13 bankruptcy may allow certain debts to be repaid over several years while preserving retirement funds. Debt consolidation can also create another payment without addressing the underlying financial problems, leading to more debt and fewer retirement assets.

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https://bio.link/barrylevine

Paying family members before bankruptcy can bring extra problems into the case. Barry Levine explains why payments to in...
10/08/2026

Paying family members before bankruptcy can bring extra problems into the case. Barry Levine explains why payments to insiders may receive special attention during bankruptcy.

Click the bio link to listen to the full episode
https://bio.link/barrylevine

10/07/2026

Retirement and pension funds can receive strong protection in a Massachusetts bankruptcy case when they qualify as exempt assets. The key is properly documenting the account and showing that it meets the requirements for protection. However, withdrawing a large amount and leaving the money in a regular bank account before filing can change how those funds are treated.

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https://bio.link/barrylevine

10/06/2026

Taking money out of a retirement account early can create a serious tax burden, especially when the withdrawal is substantial. The amount may be treated as taxable income and could also lead to penalties and additional costs. Before accessing retirement funds, the potential tax consequences should be understood clearly.

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https://bio.link/barrylevine

10/05/2026

Using retirement funds to pay creditors before bankruptcy may not always create a problem, but payments to family members and other insiders can receive greater scrutiny. Insider payments may be reviewed over a longer period, while payments to ordinary creditors are generally examined within a shorter lookback period. The amount and timing of a payment can also determine whether a trustee takes action.

Click the bio link to watch the full episode
https://bio.link/barrylevine

Address

100 Cummings Center, Suite 327G
Beverly, MA
01915

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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