The statute of limitations for debt collection is a critical legal framework determining the time frame a creditor can legally sue to collect a debt. In Connecticut, this period varies depending on the type of debt involved. The statute of limitations for debt...
Bridgeport Law Blog
Can bankruptcy lead to a discharge of income tax debts?
Those considering a personal bankruptcy filing may have a variety of different financial obligations complicating their household budgets. Medical debts and credit card balances are often the driving force behind a personal bankruptcy filing. However, people accrue...
How soon might a bank foreclose on a home?
If you're a homeowner facing the distressing situation of missed mortgage payments, you're likely concerned about the impending threat of foreclosure. When a borrower misses payments, a chain of events is set in motion. The lender, usually a bank, holds the mortgage...
3 tips for productively addressing emotions in bankruptcy
Navigating the emotional rollercoaster of filing for bankruptcy can be challenging. This is a significant financial decision that paves the way for a fresh financial start for you. You may experience various emotions during the process. Consider these tips to handle...
What is a bankruptcy certificate and why does it matter?
Bankruptcy can be a complex and challenging process for individuals and businesses. To navigate this financial maze successfully, it's essential to understand different parts of bankruptcy, including the bankruptcy certificate. While the bankruptcy certificate is not...
2 facts about holiday credit card spending
With the holidays here, you may feel the pull to spend money on gifts to give out. The desire to buy gifts can lead to financial difficulties if you don’t have the financial means to do this. Thinking carefully about your holiday spending before heading to the first...
Why does medical debt often lead to bankruptcy?
Medical debt is well-known as one of the top reasons that Americans file for bankruptcy. Even in cases where it is not the sole issue – i.e. when someone also has credit card debt or other lines of credit – medical debt is often listed as one of the reasons for a...
Why you shouldn’t feel bad about filing for bankruptcy
When asked why they don’t file for bankruptcy, some people say that they just feel bad about it. They do have overwhelming debt. They can see how bankruptcy would be helpful. But they just feel guilty filing because they think that they should instead attempt to pay...
How will bankruptcy change things? Not as badly as you may think
Deciding to file for bankruptcy is a huge decision, and it will probably change your life in many ways. It is natural to feel apprehensive about filing and concerned about any related hardships that may lie in waiting. However, bankruptcy does not necessarily leave...
Does bankruptcy stop foreclosure?
If you’re in danger of foreclosure, it is likely because you’re having financial troubles that have made it difficult to pay your mortgage. Missing one payment isn’t going to trigger a foreclosure case, most of the time, but missing a few payments in a row certainly...

