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.
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...
There are many ways for people facing foreclosure to protect their homeownership. Some people file for bankruptcy, which can delay the foreclosure process. Others might negotiate with their lenders to obtain modifications that make their mortgages more sustainable....
Although many people only file for bankruptcy once, it is possible to file multiple times. However, you cannot always do so right away. There is a waiting period that must be observed before a subsequent filing. Exactly how long you have to wait will depend on the...
Recent reports looking at subprime auto loan delinquencies have discovered that they are reaching record rates. For instance, the delinquency rate recently hit the highest level since 1994. When looking at car owners who are at least 60 days behind, it becomes clear...
When debt keeps piling up, it can be easy for people to assume there are no good options left for them. Unfortunately, many of the ideas people hear about bankruptcy come from rumors, outdated information or dramatic stories online. However, for many individuals and...
Business bankruptcy generally allows an organization to restructure or to close without owners carrying financial obligations forward after the dissolution of the business. There are numerous types of bankruptcy available depending on a company's current circumstances...
Filing for Chapter 7 bankruptcy can erase many debts and give you a fresh start. Knowing which debts qualify helps you decide if it is the right option. Debts that Chapter 7 can discharge Chapter 7 wipes out unsecured debts. These are debts not tied to property like a...
Facing overwhelming debt can feel stressful and uncertain, especially when bills continue to grow. Chapter 13 bankruptcy offers a structured option for individuals who want to regain control of their finances without losing everything they own. Often referred to as a...
Homeowners in Connecticut who fall behind on their mortgages are at risk of foreclosure. Their lenders can seek to reclaim the property as the collateral for the loan. Foreclosure can be a devastating experience that has profound long-term financial implications....
