For the past 27 years, our office has represented thousands of people who found themselves having debt problems. We are licensed to practice in Rhode Island and Massachusetts and have extensive experience representing individuals and businesses in Bankruptcy Court in both states.
Attorney Iascone has a Bachelor of Science degree from Bryant University majoring in Accounting. He graduated in 1984 from the New England School of Law with a Juris Doctorate degree and has successfully represented clients ever since in Bankruptcy Law, Tax Resolution and Personal Injury areas of the law.
He is a member of the National Association of Consumer Bankruptcy Attorneys, the American Bankruptcy Institute and a board member of the RI Association for Justice.
Attorney Peter M. Iascone in the news:
January 2012: Attorney Peter M. Iascone selected as lifetime member by Cambridge Who's Who Registry of Executives, Professionals - Donald Trump Jr. Executive Director
April 2011: Attorney Peter M. Iascone received a BV rating from Lexus/Nexus Martindale Hubbell, which is the highest rating a lawyer can achieve
December 2010: Attorney Peter M. Iascone selected to American Trial Lawyers Association's "Top 100 Trial Attorneys" list
February 2009 Article featuring Attorney Peter M. Iascone in Rhode Island Lawyers Weekly :
Rhode Island Attorney heads to D.C. to urge changes in bankruptcy law that would help to stem foreclosures
WASHINGTON, D.C. Rhode Island Attorney Peter M. Iascone joined fellow members of The National Association of Consumer Bankruptcy Attorneys (NACBA) from around the country as they meet in Washington D.C. last week for training and discussions with legislators about the “Helping Families Save Their Homes in Bankruptcy Act of 2009” and companion bills that have been introduced in the House of Representatives and Senate. Attorney Iascone said: “We went to our Nation’s Capitol to promote the one solution to the mortgage foreclosure crisis that we know will work, keep families in their homes, preserve neighborhoods, and costs taxpayers nothing. Everyone admits that proposals that rely on mortgage holders to voluntarily modify loans have failed to stem the tide of foreclosures that grows greater every month. As long as there are more and more foreclosures dumping more homes on the housing market, prices will continue their tailspin, making the financial crisis even worse.” Attorney Iascone met directly with all four members of Rhode Island’s congressional delegation as well as a meeting with the staff of Congressman Delahunt from Massachusetts who is sponsoring legislation that would allow bankruptcy judges to modify mortgages on a homeowner’s principal place of residence, as is currently allowed on vacation homes, boats, commercial real estate, vehicles, and farms. Modifications could include reducing the interest rate and lengthening the repayment time. The modifications would help homeowners avoid foreclosure, provide stability to the housing market, save neighborhoods, and as a result, boost the economy.
Notable and Landmark cases successfully prosecuted on behalf of the rights of clients by Peter M. Iascone Attorney-at-Law.
In re DeNardo: U.S. Bankruptcy Court District of Massachusetts (Boston)
Bankruptcy Petition #: 09-18388 (2010) Court rules In favor of Atty. Iascone that the trustee must abandon any interest in the real estate of the debtors over objection by the trustee thereby saving debtors' family home.
In re Trainor 09-15024 (July 2010) United States Bankruptcy Court District of Rhode Island Court rules that Social Security income received by the debtors cannot to be used to pay down unsecured creditors thereby saving the elderly and people who are disabled thousands of dollars in plan payments.
Goulet vs. O'Connell Newport County Superior Court (January 2010). jury trial after three hours of jury deliberation Atty. Iascone obtained jury verdict of $90,000 on behalf of his client.
In re O'Connor,09-bk-13011 Chapter 13, UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF RHODE ISLAND, The Court rules that in a garden variety circumstance, the debtor's objection to claim is sustained and creditors shall not he allowed to charge families for the preparation of a claim in bankruptcy and for the review of their files saving them hundreds of dollars per case.
In re: LAMARSH BK, No. 09-13008 Chapter 13, UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF RHODE ISLAND, The issues in this case appear to be within the scope of this Court’s decision in In re Burbank, 401 B.R. 67 (Bankr. D.R.I. 2009), The Trustee’s request that the Court should revisit and reverse In re Burbank is rejected. Accordingly, the Trustee’s objection is OVERRULED, the Plan is confirmed as proposed by the Debtor, and the Chapter 13 Trustee is ORDERED to submit a Confirmation Order.
In re Marchetti No. 09-13010 Chapter 13, UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF RHODE ISLAND, The issues in this case appear to be within the scope of this Court’s decision in In re Burbank, 401 B.R. 67 (Bankr. D.R.I. 2009), the debtor is allowed to ignore the fact that his 401(k) loan becomes due during the plan in his monthly plan payment will not increase as a result .The Trustee’s request that the Court should revisit and reverse In re Burbank is rejected. Accordingly, the Trustee’s objection is OVERRULED, the Plan is confirmed as proposed by the Debtor, and the Chapter 13 Trustee is ORDERED to submit a Confirmation Order.
In Re Burbank, BK No. 08-11620, Chapter 13, UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF RHODE ISLAND, 401 B.R. 67; 2009, Decided
OVERVIEW: The Chapter 13 trustee's objection to the deduction of ownership expenses for two vehicles on which the debtors owe no secured debt, and the deduction for mortgage payments on two parcels of real estate the debtors intend to surrender were nonetheless deductible against projected disposable income under 11 U.S.C.S. §§ 707(b)(2)(A) and 1325(b). Considered a landmark bankruptcy case interpreting the 2005 Bankruptcy Reform Act extending rights of families.
Morris V. Highmark Life Ins. Co., C.A. No. 01-396L , UNITED STATES DISTRICT COURT FOR THE DISTRICT OF RHODE ISLAND, 255 F. Supp. 2d 16; 2003 U.S. Dist., April 8, 2003, Decided
OVERVIEW: In a suit arising from an insurance company's failure to pay long-term disability benefits under an employee benefit plan, the employee's breach of contract and bad faith claims were preempted by ERISA.
In Re Pope, BK No. 06-10169, Chapter 13 , UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF RHODE ISLAND, 351 B.R. 14; 2006 OVERVIEW: Bankruptcy court denied LLC's request for a determination that the automatic stay provision of 11 U.S.C.S. § 362 was terminated under § 362(c)(3)(A) with respect to a home that was owned by two debtors who filed a second action under Chapter 13 of the Bankruptcy Code within one year because the debtors' home was property of the bankruptcy estate.
In Re Silvestri, BK No. 02-13184, Chapter 7, BK No. 02-11794, Chapter 7 , UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF RHODE ISLAND, 294 B.R. 421; 2003 (Bankr. D.R.I., June 14, 2004)
OVERVIEW: Requiring debtors to surrender collateral to creditors when debtors did not redeem collateral or reaffirm contracts was not appropriate, where debtors were current and meeting all obligations under contract and there were no allegations of bad faith.
Christine M. vs. Covil, Newport County Superior Court (1986) jury trial Atty. Iascone obtained jury verdict of $640,000. Record Rhode Island verdict for specific type of injuries suffered by the plaintiff.
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