Bankruptcy

Bankruptcy has long been a taboo subject among many, but some situations make it necessary to file. If you are considering going this route in Connecticut, you need all the information you can get. Make sure you can answer these questions before making your decision.....

Although there can be stigma to filing for bankruptcy, it may be necessary. If you have significant debt and haven’t been successful at alleviating it through other avenues, bankruptcy might be the best option available. If you’re worried about losing all of your...

At some point in life, many Connecticut residents will experience unmanageable debt. Some will end up filing for bankruptcy; others may not due to the following bankruptcy myths. Why file for bankruptcy? There are different reasons to file for bankruptcy. Often, a...

Submitting a bankruptcy petition to a Connecticut judge may enable you to eliminate some or all of your outstanding debts. It may also enable you to put a stop to wage garnishments or other creditor collection efforts. However, seeking protection from creditors may...

No one wants to be in a position where they need to file for bankruptcy. However, citizens of Connecticut should know that there are some benefits to it. The main goal is to get a chance to reorganize your finances and get back on your feet. As you do so, you can also...

Filing for bankruptcy may be an effective way of eliminating or reducing your current debt load. In some cases, you'll be able to keep property such as a Connecticut home or car. In addition, there is a good chance that you'll retain your 401(k), IRA or other...

If your Connecticut business is experiencing financial difficulties, bankruptcy may be an effective tool to help it overcome them. Alternatively, it may provide a path to dissolving the company in a timely and relatively amicable manner. The type of proceeding that...

Excessive debt might leave people worrying about their finances, so they look to bankruptcy courts for protection. However, some Connecticut residents might worry about bankruptcy proceedings’ effect on their credit scores. A credit report will reveal whether someone...

For people in Connecticut who are struggling to keep up with bills or who can't afford to pay them at all, bankruptcy might provide relief. It's not an easy decision, and one common irony in the situation is that many people struggle to afford to pay for their...

Chapter 7 bankruptcy might be the only legal process for debtors to address obligations they cannot repay. When liabilities exceed income and assets by a considerable margin, filing for bankruptcy in a Connecticut federal court might be the only option. Chapter 7...