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...
Bridgeport Law Blog
How can a loan modification help you if you’re facing foreclosure?
One of the more costly expenses that adults have is keeping a roof over their heads. Medical issues, a divorce or the loss of a job are some of the many factors that may jeopardize your ability to pay your monthly mortgage payment and leave you wondering if your...
Is a wave of foreclosures really coming?
With the economy in a recession and many people out of work, it’s clear that there could be a wave of foreclosures coming in the near future. While experts do not think it is going to be quite like what was seen back in 2008, in what is often called the “Great...
Don’t let your holiday spending lead you toward bankruptcy
Even if you know you’re tight on money, there’s something about the holiday season that’ll have you stretching your budget and hoping for the best once the calendar turns. Unfortunately, if you let your holiday spending get out of control, it’ll lead you down a dark...
Don’t let myths about bankruptcy make you avoid the help you need
Would bankruptcy help you? Would you be better off if you eliminated your debt with Chapter 7 or if you reorganized it with Chapter 13? Do you long to change your financial future, and do you think that bankruptcy is the best way to do it? And, if so, why haven’t you...
How long does a bankruptcy stay on your credit?
People who file for bankruptcy usually take this step because they need to take control of their financial situation. One of the questions that often comes up when a person is considering bankruptcy is how long the filing will likely remain on their credit report. ...
Can you use Chapter 7 or Chapter 13 for student loans?
As a student, you can’t help but watch your college debt mount. You’re still paying full price, even though many of your classes are just streaming online, from home. The job market doesn’t seem robust. You’re worried that you’re going to graduate with a debt that you...
Can bankruptcy can help you regain control when facing foreclosure?
When your income drops, your expenses probably stay the same, at least at first. While there may be opportunities to make changes to your lifestyle or your budget, you may find yourself unable to pay all of your bills. If your income dried up completely, you may have...
Unexpected challenges of filing for bankruptcy for medical debt
People who are swimming in medical debt often don’t really think much of it. Instead, they make the required payments on those debts, but some people find that they are too deep in debt to even make a dent in it. This might be the case if there was an unexpected and...
Reaffirmation agreement can help you keep certain assets
Far too many people try to claw their way out of debt when it's unrealistic to do so. As a result, they end up wasting a lot of time and energy while spending years being stressed out about the financial burdens hanging over them. The good news is that if you're in...

