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.
Some people believe it’s possible to discharge tax debt by filing bankruptcy. While taxes may be discharged, you must meet specific requirements. Sometimes, income tax debts are eligible for discharge by filing Chapter 7 or 13 bankruptcy. It depends on how old the...
The realization that you aren’t earning enough money to take care of all your credit obligations is one that’s serious. You may quickly determine that your goal is to get out from under all that debt. While some people may be able to do this by taking another job and...
The average person depends on credit to maintain their standard of living. Whether you need to buy a birthday gift when there's no wiggle room in your budget or you need to replace your vehicle unexpectedly, being able to qualify for credit is crucial. When you file...
When a homebuyer fails to keep up with their mortgage payments for whatever reason, the lender may foreclose on the property. A foreclosure happens when the mortgage lender takes over and sells the property to recover their money. If you are dealing with a potential...
A person who’s drowning in debt might wonder how they will ever be able to make ends meet. One answer for this is to file for bankruptcy protection, which gives you a fresh financial start. Connecticut laws set forth various points that you need to remember if you’re...
Often, when people talk about foreclosure defense, they talk about Chapter 7 bankruptcy. Chapter 7 bankruptcy has an automatic stay and immediately pauses foreclosure actions. It helps people get out of unsecured debt and may allow them to catch up on missed payments...
Even though millions of Americans are bogged down with student loan debt, it’s one of the relatively few types of debt that is usually not dischargeable in bankruptcy. Typically, a person has to prove that “undue hardship” is caused by the debt. Talk of student loan...
People are sometimes a bit leery of filing for bankruptcy because they think that they're the only one doing it. It makes it feel like some sort of personal failure. They may know that they can run all the numbers and see that bankruptcy would seriously help them, but...
Getting into debt is typically easier than getting out of it. Lenders design it that way. For all the regulations requiring lenders to be more transparent, making sense of how much you will have to pay back if you borrow money can be tough. Even if you have the...
Financial hardship is no laughing matter, and it is not rare either. Around 40% of American households are in debt, with millions of people struggling just to meet basic living costs. On top of that, you have medical debt, which is one of the leading causes of...
