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...
Chapter 13 Bankruptcy
Can job loss lead to dismissal of a Chapter 13 bankruptcy?
Chapter 13 bankruptcy is a lengthy process that typically requires multiple years to complete. Individuals typically need to make between three and five years of payments after negotiating a repayment plan. In some cases, people experience sudden financial...
Can Chapter 13 bankruptcy stop a Bridgeport tax foreclosure?
Imagine opening your mail to find a notice that the City of Bridgeport placed a lien on your house. You worked hard to pay your mortgage, but rising local property taxes slipped through the cracks. Now, you face a tax foreclosure, where a buyer could eventually take...
How does chapter 13 keep you from losing your home in bankruptcy?
Getting a foreclosure notice can be stressful. Many people worry that filing for bankruptcy means losing their homes. This is a common concern. Luckily, Connecticut law offers ways to help you keep your home when facing money troubles. One helpful option is Chapter 13...
What is the main difference with Chapter 13 bankruptcy?
When most people think about bankruptcy, they are likely thinking about Chapter 7 bankruptcy. This is known as liquidation bankruptcy because it requires a person to liquidate any non-exempt assets. There are key exemptions, such as for the tools of the trade or the...
Can I modify my repayment plan if circumstances change?
Pursuing a Chapter 13 bankruptcy is a way to take control of your finances by committing to a structured repayment plan. Still, as your circumstances change, you may need to revisit and revise this plan to achieve lasting debt relief. Does the law allow for this...
How Chapter 13 supports struggling sole proprietors
If you're a Bridgeport sole proprietor, you're likely feeling the squeeze as bankruptcy filings surge across the country. Recent data paints a stark picture. In July, the Administrative Office of the U.S. Courts released a report stating that overall bankruptcy...
Avoid these mistakes when seeking a Chapter 13 bankruptcy
Filing for Chapter 13 bankruptcy can be a strategic move to regain control of your finances. However, it is crucial not to fall prey to common pitfalls that could jeopardize your case. Here are four crucial errors to avoid during the Chapter 13 bankruptcy process. Not...
3 debts you can include in your Chapter 13 repayment plan
Filing for bankruptcy is a serious financial step, but you may consider it if you’re struggling with debt. By filing for Chapter 13 bankruptcy, you will be able to restructure overwhelming debts by setting up a repayment plan. Below are the kinds of debts you can...
What is the repayment plan requirement in Chapter 13 bankruptcy?
Bankruptcy helps stop collection activity and can help people eliminate some of the debts that prevent them from balancing their household budgets. Chapter 13 bankruptcy is a valuable option for those who earn a decent wage or who have substantial personal property....

