No one really likes to think about debt during the divorce process. It can often come up as an afterthought after child custody, support, and property division issues have been resolved. But debt can be a stumbling block to resolving many Connecticut…
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Is there life after bankruptcy? Many people facing the prospect of bankruptcy feel hopeless, like they will never live a life without debt. Culturally, they may see bankruptcy as “the end” or as a sign of failure. But life goes on – and in fact…
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Medical Bills and Bankruptcy: Overwhelming medical bills can happen to anyone. An unexpected illness or a serious accident can leave you facing steep co-pays, deductibles, and co-insurance costs that simply won’t go away on their own.
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Foreclosure is a frightening word. The chance that you can lose your home can put you on edge and make you more likely to believe many common myths about foreclosure. If you are falling behind on your payments, or are worried about losing your home,…
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When Connecticut residents fall behind on their house payments, there can be a lot of pressure to find ways to save their home from foreclosure. The foreclosure mediation process in Connecticut is a tool residents can use to renegotiate their mortgag…
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Struggling business owners, especially sole proprietors, are often worried that their personal finances will go down with the company’s ship. But a Chapter 7 bankruptcy can help struggling business owners protect their personal assets and deal with…
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For many people, their student loans are the heaviest part of their debt obligations. Educational loans may also seem like the hardest debts to resolve, even in bankruptcy. It isn’t as simple as whether student loans can be discharged or not in ban…
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After you file a Chapter 7 bankruptcy, your bank or mortgage company may ask you to sign a reaffirmation agreement to keep your house or car. Since bankruptcy is designed to free you from debt and stop collections efforts, these calls from creditors…
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A bankruptcy does not mean you have to lose your house. In fact, filing for bankruptcy may help you save it. In the last few years, changes to the Connecticut homestead exemption have helped borrowers protect more of the equity in their homes, vehicl…
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After a divorce or child custody battle, the loss of a second income and increased personal and legal expenses can sometimes send you into bankruptcy. In other cases, domestic support obligations can linger years after changes to your employment or f…
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