Borrowers now are seeing something they didn’t see just a few years ago. Lenders are escalating delinquent accounts much sooner. A single missed payment can trigger collection calls, account freezes – or in the case of mortgages – early foreclosure activity. Learn...
Bridgeport Law Blog
Common myths about bankruptcy
Many people who are overwhelmed with debt are still reluctant to file for bankruptcy. The fear and stigma from misinformation often prevent them from seeking help. The truth is that bankruptcy is a legal financial tool that can provide you with relief and a fresh...
Bankruptcy exemptions in Connecticut bankruptcies
One of the primary questions that people have when they realize they need to file for bankruptcy is what is going to happen to their assets. The answer to this isn’t the same for everyone who files for bankruptcy protection in Connecticut. This is because people who...
How does chapter 13 keep you from losing your home in bankruptcy?
Getting a foreclosure notice can be stressful. Many people worry that filing for bankruptcy means losing their homes. This is a common concern. Luckily, Connecticut law offers ways to help you keep your home when facing money troubles. One helpful option is Chapter 13...
Is bankruptcy the best way to get a new start in 2026?
Many people make a New Year’s resolution to create and stick to a budget. However, increasingly, more Americans are looking at overwhelming debt that can’t be overcome simply by cutting back on non-essentials or getting an additional job. If your debt, regardless of...
Bankruptcy rates are rising for older individuals
Technically, bankruptcy affects people across all age demographics. But some studies have found that bankruptcy rates for those who are 55 years old and older have gone up dramatically in recent decades. The highest increase was for those who are 65 years old and...
Can you declare bankruptcy more than once?
If you declare bankruptcy, you can clear some of the debts that you have and create a much different financial future. Chapter 7 bankruptcy does this by liquidating non-exempt assets, while Chapter 13 does it by creating a monthly repayment plan. But if you have...
Does bankruptcy ban you from future credit card use?
When financial hardship forces you to consider bankruptcy, it is only natural to worry about providing for your family. The question of whether you will lose access to essential financial tools, such as a credit card for emergencies, is common. Rest assured, the law...
When medical expenses become unmanageable
When you’re doing your best to make ends meet, a medical emergency can turn your life upside down. Even with health insurance, an unexpected injury or illness can leave patients facing thousands or even tens of thousands of dollars in medical bills. If you are facing...
Increasing costs are leading to surging foreclosure rates
Do you feel like everything has gotten more expensive in the last year or so? You are certainly not alone. Costs have been rising, and it is creating a financial crisis for many people. This is especially true for those whose wages have stayed stagnant and have not...

