A bankruptcy discharge releases you from certain types of debts. In short, provided you file for Chapter 7 bankruptcy, you are no longer legally obligated to pay any discharged debts. In addition, a discharge prohibits your creditors from taking any action on such...
Chapter 7 Bankruptcy
What to know about exemptions in a Connecticut bankruptcy
Many individuals who are struggling to cover their bills will start to look into debt relief. They often settle on bankruptcy as the go-to option that they believe is best for their situation. As consumers take time to learn about the different types of bankruptcy,...
Can Chapter 7 bankruptcy stop a creditor bank account levy?
In some cases, yes, bankruptcy can stop an account levy. However, it is wise to learn how bank account levies work in the first place, which can improve your state of mind. For example, your creditors cannot call your bank and demand to have your accounts frozen. As...
How can I get creditors to stop harassing me?
If you have significant debt, you more than likely already feel stressed about how you will pay off your debt. Your stress increases though when you get multiple calls from creditors each day. You may be more than tired of these creditor calls and want them to stop....
Should you declare bankruptcy to clear your student loans?
Student loan debt has doubled in the past decade. Currently, the total for the country sits at over $1.7 billion. If you have a share of that debt, things might seem pretty hopeless right now. The economic outlook is uncertain. The prospect of making enough to pay...
Will you lose your car in a Chapter 7 bankruptcy?
Chapter 7 bankruptcy can give you the fresh start that you deserve when your debts are overwhelming -- but many people are very afraid of the process because they've heard exaggerated horror stories about what bankruptcy is like. One of the biggest questions people...
Debt collection goes digital in 2021
If you’re already drowning in debt, it can be tough to find a place of respite from all the bill collectors hounding you through phone calls and letters. Thanks to new rules by the Consumer Financial Protection Bureau (CFPB), you won’t be able to escape debt...
A Chapter 7 bankruptcy may give you the relief you need in 2021
There is no doubt that 2020 has been a tough year for lots of people. The economy has been weakened, and job losses have been significant. People have used their savings to get through, and many are still struggling despite their best efforts to stay afloat. If you...
How do you know when to file for bankruptcy?
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...
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....