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...
Bridgeport Law Blog
Is bankruptcy the best option if your small business fails?
What do you do when it becomes evident that your small business is failing? There are several reasons a business may fail, but some may be beyond your control. However, if your business is failing and your personal assets are at risk, then it may be time to shut...
What is the automatic stay in bankruptcy?
People often try to avoid answering the phone or checking the mail when they have creditors hounding them for money. Those interactions with a creditor can make a nice day turn sour quickly, especially if you know that you can’t afford to pay them anything. One...
3 steps to protect yourself when worried about vehicle repossession
Financing a vehicle purchase can be a common-sense choice. It is a fast way of making a purchase when you need a vehicle. You don't have to spend months saving or restrict yourself to the low-quality vehicles that you can afford with the cash that you have on hand....
Can you keep jewelry during bankruptcy?
You want to declare Chapter 7 bankruptcy, but you know that that means you’ll have to liquidate some of your assets. This is concerning to you because you have jewelry that you would like to keep. You know that it’s valuable, but you don’t want to be forced to sell it...
What is the wildcard exemption?
If you file for Chapter 7 bankruptcy, there are numerous exemptions that you can use to protect the property that you own. This is important because people are usually concerned about having to give up all of their assets, and they may worry that they won’t be able to...
Prediction: A foreclosure spike is on the way
Foreclosure cases happen every day, by the thousands. But you can also find some trends regarding when they tend to be more common than at other times. For example, back in 2009, there was a wave of foreclosures when the housing bubble burst and the United States...
3 common mistakes made when filing for bankruptcy
Filing for bankruptcy can provide you with the fresh start you need by discharging some of your debt. Without financial obligations holding you back, you can reorganize your finances and bounce back from your current situation. However, there are certain mistakes you...
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....
Is bankruptcy a reason to be hesitant about marriage?
Marrying someone means that you will be sharing most aspects of their life. One thing you likely will not want to share, however, is any negative fallout from their bankruptcy. If you are concerned that your betrothed’s situation will turn up on your credit report...

