Bankruptcy is an often-misunderstood process that sometimes leads to the perception that it won’t help consumers to file. It’s imperative that anyone who’s struggling to pay their bills explores the possibility of filing for bankruptcy because it might provide them...
Month: September 2020
What is “average” for consumer debt?
One thing that is interesting about debt in the United States is that people often carry debt without really realizing it. For instance, every homeowner who has a mortgage is technically in debt, though most of them consider themselves homeowners. The reality is that...
Common strategies for defending against foreclosure
If a lender is foreclosing on your property, you may be overwhelmed by the possibility of losing your home. Fortunately, there are certain ways for your attorney to defend against the foreclosure. One of the most common strategies is to apply for a loan modification....
Can Chapter 7 bankruptcy discharge all my debts?
There are many reasons a person in Bridgeport will file for Chapter 7 bankruptcy, also known as “liquidation bankruptcy.” A job loss in a tough economy, an unexpected illness that leads to overwhelming medical bills, or a divorce can all spell financial disaster....
The advantages of reaffirming a debt during bankruptcy
When residents of Connecticut consider filing a petition for discharge of their debts in a Chapter 7 bankruptcy, they look forward to the day when the court issues its final order. Most people think that the issuance of the order for discharge is their primary goal in...
Am I allowed to file for bankruptcy more than once?
Almost all residents of the Bridgeport area who file for bankruptcy walk away from the process not wanting to repeat it. Aside from the time and stress involved, Connecticut residents who file for bankruptcy really do want to use their fresh financial start to move...
How often can you file for bankruptcy?
Most people are able to come back stronger after filing a bankruptcy case and getting their debts under control, but not everyone is able to maintain the financial stability that they need. Whether it’s because of a medical emergency, job loss or other situation, a...