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. ...
Bridgeport Law Blog
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...
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...
What is “average” for consumer debt?
One thing that is interesting about debt in the United States is that people often carry debt without really realizing it. For instance, every homeowner who has a mortgage is technically in debt, though most of them consider themselves homeowners. The reality is that...
Common strategies for defending against foreclosure
If a lender is foreclosing on your property, you may be overwhelmed by the possibility of losing your home. Fortunately, there are certain ways for your attorney to defend against the foreclosure. One of the most common strategies is to apply for a loan modification....
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....
The advantages of reaffirming a debt during bankruptcy
When residents of Connecticut consider filing a petition for discharge of their debts in a Chapter 7 bankruptcy, they look forward to the day when the court issues its final order. Most people think that the issuance of the order for discharge is their primary goal in...

