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.
Recent reports looking at subprime auto loan delinquencies have discovered that they are reaching record rates. For instance, the delinquency rate recently hit the highest level since 1994. When looking at car owners who are at least 60 days behind, it becomes clear...
Filing for Chapter 7 bankruptcy can erase many debts and give you a fresh start. Knowing which debts qualify helps you decide if it is the right option. Debts that Chapter 7 can discharge Chapter 7 wipes out unsecured debts. These are debts not tied to property like a...
Chapter 7 bankruptcy can be an effective solution for major debts. People who qualify for Chapter 7 proceedings can discharge eligible debts within months if they successfully complete the bankruptcy process. However, asset liquidation is sometimes necessary during...
Most individuals who are unable to pay their unsecured debts use Chapter 7 bankruptcy. With this procedure, most of your debts will be canceled. The court will appoint a bankruptcy trustee who will sell your non-exempt property and distribute the proceeds among your...
If you file for bankruptcy in Connecticut, there are many different exemptions to consider. With Chapter 7 bankruptcy, the goal is to liquidate your assets and use the money to pay off a portion of your debt. However, you can use exemptions to prevent the liquidation...
Filing for bankruptcy gives you a chance to obtain relief from overwhelming debt and make a fresh financial start. It's an opportunity to reorganize your finances and work towards a more stable future. However, when you’re applying for Chapter 7 bankruptcy, know that...
Knowing that you’re in debt and being unable to afford making those payments can be challenging. Once you realize that payments just aren’t going to happen may lead to you exploring bankruptcy. Chapter 7 bankruptcy is one type that some people consider. This is often...
Chapter 7 bankruptcy provides financial relief by discharging most of your debts, allowing you to put your house in order without creditors breathing down your neck. However, Chapter 7 bankruptcy applicants must meet certain requirements to qualify. For starters, you...
Filing for Chapter 7 bankruptcy doesn’t carry the stigma that it once did. More Americans are feeling the crunch of these uncertain financial times, so getting out of debt is considered more of a plus than a negative these days. But it does carry some baggage with it....
The process of declaring bankruptcy can be complicated, emotionally taxing, and perplexing. No one makes this choice lightly, so you need to understand exactly what it means for you. As difficult as it feels, it might be a genuinely wise financial choice that allows...
