The Office of Russell Gary Small, P.C. COVID -19 UPDATE: In these uncertain times all of us at The Office of Russell Gary Small, P.C. wants to reassure you that we are open and continue to work for you. We can meet with you via telephone or video conference, and communicate electronically. We are here for you, and encourage you to reach out to us with any questions or concerns. Stay safe and healthy.
You have been paying your mortgage for years, and you always make the payments. But then you miss one, perhaps because of an oversight or maybe because you genuinely do not have the funds that month. Suddenly, you are worried that your lender is going to foreclose on...
In the 12 months prior to June 30, 2026, reports found that bankruptcy filings went up by a full 12.2%. This does not mean they have reached historic highs, but it is a stark departure from the trend of the last decade, when bankruptcy filings were on the decline. For...
People rely on credit cards for financial flexibility. They may carry balances after incurring large, unexpected expenses. Others may simply use them monthly to cover costs on demand instead of waiting for a paycheck. Bankruptcy inevitably affects access to revolving...
One key component of a bankruptcy filing may be medical debt. In some cases, people are facing hundreds of thousands of dollars in debt, so it is the main reason that they are filing. But in other cases, medical debt is just one component, along with things like...
If a Connecticut court enters a strict foreclosure against your home, the judgment will set a law day. This is the deadline for you to redeem the property, which generally means paying the debt, interest and costs required by the court. If you do not redeem by your...
Chapter 13 bankruptcy allows you to keep your property while paying off your debts through a court-approved repayment plan that generally lasts three to five years. That arrangement can provide much-needed structure when you are struggling financially, but it also...
Missing mortgage payments eventually leads to foreclosure and can put your home at risk of an auction. In case of foreclosure, it is important for you to know what actions to take and within what timelines. You may have several options to address a foreclosure,...
Preparing the necessary paperwork before filing for bankruptcy can save time and help avoid unnecessary delays. Complete financial records allow your situation to be evaluated accurately and help ensure the required information is available from the start. Whether you...
Yes, foreclosure rates have been going up in recent years. For example, in August 2025, foreclosures were 18% higher than they were in August 2024. They had risen for six months in a row prior to reaching that level. One woman whose home was being foreclosed upon said...
When people hear the word “bankruptcy” they often picture a business shutting its doors or an individual losing everything. In practice, bankruptcy is a legal framework that can help provide financial relief through different paths, each designed to address debt in a...
