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...
Bridgeport Law Blog
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...
What happens to my PayPal account when I file for bankruptcy?
These days, almost everybody has some method for sending or receiving money online – and PayPal has long been one of the most popular. A lot of people use their PayPal accounts for small transactions with friends and family and as a way to buy or sell things on sites...
Can bankruptcy wipe out tax debts?
Some people believe it’s possible to discharge tax debt by filing bankruptcy. While taxes may be discharged, you must meet specific requirements. Sometimes, income tax debts are eligible for discharge by filing Chapter 7 or 13 bankruptcy. It depends on how old the...