If you need help obtaining debt relief, it may be a good idea to file for bankruptcy. Typically, individuals will file for either Chapter 7 or Chapter 13 protection. Understanding the difference between these debt relief options may make it easier to make a decision...
BANKRUPTCY REPRESENTATION FOR MORE THAN
100 YEARS COMBINED
Connecticut Bankruptcy Law Blog
Can you discharge tax debt through bankruptcy?
Connecticut residents who owe back taxes may be able to have an outstanding balance discharged in bankruptcy. However, there are several conditions that must be met for this to be true. Let's take a closer look at what you should know if you're looking to eliminate...
How bankruptcy affects home ownership
Connecticut residents who file for bankruptcy often feel that it is one of the most overwhelming periods of their lives. Bankruptcy filers have often run out of ideas regarding how to handle both the present and future financial obligations they face. One major worry...
How can homeowners avoid foreclosure?
Although the dark days of the Great Recession are far behind us as a nation, America still sees an alarming rate of people losing their homes. One of the leading reasons is foreclosure, which happens when banks and other loan-granting organizations claim a property...
Interior designer collapses into Chapter 7 bankruptcy
The dream of starting or running a business is a big part of being in America. The nation, after all, has a history of being built on big risks that either paid off or did not. But if an enterprise becomes so logged with debt that it is time to sell off parts of it,...
Connecticut’s government considers its own debt diet
People aren't the only legal entities that can end up in debt. Companies and corporations, even those that have been in business more than a century, can fall on crippling hard times. In fact, governments of states and countries can also end up in debt that can cost...
Major sports retailer will close Connecticut stores in bankruptcy
Bankruptcy is designed to be the opposite of permanent for an individual or a business. Some types of bankruptcy filings allow people and entities to retain many of their remaining assets, while others force a liquidation of all but essential remaining property. When...
Major retailer affects Connecticut locations with bankruptcy
Bankruptcy may feel like financial failure, but as they say in boxing, the round isn't over until the bell rings. And bankruptcy is far from a final bell. It is often a timeout designed to help people and businesses get themselves in order.The type of bankruptcy that...
Homeowners have options to avoid foreclosure in Florida
Foreclosure is the last thing that a homeowner wants to hear. It can feel like a lifetime of investment in a property is at risk and about to disappear if a lender wants to reclaim a home or commercial location. But it is not as easy for the dream to die, and there...
When does Chapter 13 bankruptcy make sense?
Maybe you're dealing with old debts that you were never able to clear. Maybe no income you're able to generate can handle the expenses of interest on loans. Either way, you may be eligible for Chapter 13 bankruptcy.What's the difference between Chapter 7 and Chapter...