Connecticut Bankruptcy Law Blog

Bankruptcy is a legal process that stops collection activity and potentially discharges some of a filer's unsecured debts. Both individuals and businesses struggling financially can potentially file for bankruptcy. Many people who might benefit from bankruptcy...

Filing for bankruptcy in Connecticut might provide relief from a lot of financial problems you’ve been experiencing. However, bankruptcy does have some drawbacks that are important to be aware of. Bankruptcy, in some cases, may impact your ability to be hired or...

Many people in Connecticut who are struggling with overwhelming levels of debt hesitate to file for bankruptcy because they think that they will lose their cars and other assets if they file. However, people can choose between the state or federal bankruptcy...

Although filing for bankruptcy should be seen as a last resort, it can be an effective way to help you get out of debt in a timely manner. In some cases, it may be possible to reorganize your debts without losing property such as a car or Connecticut home. Finally, it...

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...

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...