If both bankruptcy and divorce seem to be in your future this year, it can be an overwhelming feeling. It’s not uncommon for people to be in this situation. Financial problems are one of the most serious sources of conflict in a marriage. The past couple of years...
Bridgeport Law Blog
3 steps to stop foreclosure
When properly managed, your home could be a lifetime investment. The money you pay each month toward your mortgage will help you accrue equity, and any repairs you make to the property or upgrades to its systems will increase the property value when you refinance or...
Will your bankruptcy affect your employability?
If you’re considering filing for bankruptcy, the last thing you want it to do is to affect your job – or your ability to find a job – either now or in the future. The good news is that it likely won’t affect your employability more than a poor credit score – which you...
How a secured credit card can help after bankruptcy
If you file for bankruptcy, you may find it difficult to get a traditional credit card right after that filing. You will likely be able to do so in the future, once you build your credit score back up, but lenders will be a bit wary if you have just filed. Don't...
Property is divided into categories during bankruptcy
The realization that you can’t pay your bills every month is disheartening. Eventually, the creditors start pushing hard for payments. They may call, text, or contact you on social media. This is on top of the mailed demands that are probably coming into your mailbox....
Can you spend before bankruptcy?
Hypothetically speaking, imagine that you have fallen behind on your bills to the extent that you can't overcome the debt on your own. You've decided that the only way to solve this is to declare bankruptcy. As you move toward the filing process, you start to wonder...
Can you file bankruptcy more than once?
In the course of your lifetime, there may be more than one time when you run into financial problems. Maybe you’ll have trouble with money at a young age and then lose your job when you’re older, too. Maybe a medical emergency wipes out your finances at one time, and...
3 budgeting tips for life after bankruptcy
The decision to file for bankruptcy can have a significant impact on daily life. Often, the subject may be looked upon in a negative light. However, bankruptcy is often the most feasible option for those who find themselves in financial difficulty. Importantly,...
What to know about debt discharge before filing for bankruptcy
A bankruptcy discharge releases you from certain types of debts. In short, provided you file for Chapter 7 bankruptcy, you are no longer legally obligated to pay any discharged debts. In addition, a discharge prohibits your creditors from taking any action on such...
3 common misconceptions about bankruptcy in Connecticut
Facing financial hardship can be extremely stressful for those involved. Often, the option of filing for bankruptcy is the most logical course of action. As filing for bankruptcy is such an important decision, it is important to separate myth from reality. There are...