Thursday, May 13, 2010

Real Money verses Funny Money

Hey, thanks for checking in. Our friend Glenn Sacks wrote a nice example on his blog yesterday and it exemplifies where we are... in our case and in our country. We're being charged 12% interest on the fraudulently accrued arrearages. But, hey - it's a numbers game. Because the more they can claim that you owe, the more they can collect in Federal incentives.

Glenn Sacks blog Article by Robert Franklin, Esq.

The basic information here is not uncommon. I do believe that reasonable people can see the hypocrisy.

So, our case is at this point. gaboodles% interest and penalties. But, the Commonwealth of Massachusetts has laws, you know. There are available remedies to those who legitimately cannot afford to pay, right? Check this out...

Commonwealth of MA General Laws: Proposed Regulation - 830 CMR 119A.6.1

To summarize it.... the above link is a proposed law that will soon be decided upon in Massachusetts. It would allow that those who owe arrears and cannot pay be given some relief - it will waive the accumulation of interest and penalties. We have reason to be seriously doubtful that it will be approved. The questions are... 1) will it be approved? and 2) will it be enforced?

Lets find out!! Stay tuned!

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