The statute of limitations for debt collection is a critical legal framework determining the time frame a creditor can legally sue to collect a debt. In Connecticut, this period varies depending on the type of debt involved. The statute of limitations for debt...
Month: January 2024
Can bankruptcy lead to a discharge of income tax debts?
Those considering a personal bankruptcy filing may have a variety of different financial obligations complicating their household budgets. Medical debts and credit card balances are often the driving force behind a personal bankruptcy filing. However, people accrue...
How soon might a bank foreclose on a home?
If you're a homeowner facing the distressing situation of missed mortgage payments, you're likely concerned about the impending threat of foreclosure. When a borrower misses payments, a chain of events is set in motion. The lender, usually a bank, holds the mortgage...
3 tips for productively addressing emotions in bankruptcy
Navigating the emotional rollercoaster of filing for bankruptcy can be challenging. This is a significant financial decision that paves the way for a fresh financial start for you. You may experience various emotions during the process. Consider these tips to handle...