As a result of the foreclosure crisis, renters and tenants are now also being affected in addition to homeowners. An owner previously had occupied the average foreclosed home, but speculators who were interested in rent could have possibly owned it. These owners were stuck between falling housing values and rising mortgage interest rates. By a...Read More
Thousands of foreclosed homes are always on the market nationwide. Buying a foreclosed home for many people is a way to get more home for less money, although there are potential downsides. One of these downsides is that you could discover liens that you will be responsible for. One question many people have before purchasing...Read More
If you own a small business and you want to file for bankruptcy, you generally choose to file Chapter 7 bankruptcy or Chapter 13 bankruptcy, depending on your individual situation. However, there is another type of bankruptcy that you can file for. Chapter 11 bankruptcy is an option for small businesses that want to restructure...Read More
While few Connecticut residents file for Chapter 12 bankruptcy, this is an option. However, you must meet specific requirements in order to qualify for Chapter 12 bankruptcy. If you are eligible for Chapter 12 bankruptcy, you might want to consider applying for it. Chapter 12 bankruptcy is designed for family fishermen or family farmers with...Read More
If you’ve finally made up your mind to file for bankruptcy in Connecticut, there are some things you need to know. First and foremost, you need to know where your case will be filed. There are three offices in the state of Connecticut that allow you to file for bankruptcy. They are located in Bridgeport,...Read More
Today, the number one reason why people file for bankruptcy in America is expensive medical bills. New data claims that unpaid mortgages and credit card bills are still problems that people who file for bankruptcy face, but medical bills have now passed even these types of debt. Even people who have health insurance oftentimes find...Read More
You’ve just graduated from college. Four years of writing papers, cramming for tests, and juggling your social, academic, and work life are now behind you. You have the golden ticket to get you the perfect job – A Bachelor’s degree. Now you can move into a cool apartment, make tons of money, and pay off...Read More
Most people don’t think that bankruptcy will happen to them. It isn’t something that many people plan for. However, bankruptcy is undeniably on the rise in America. Over the past few decades, an alarming number of Americans have been unable to pay off their debts on their own. This has caused more and more people...Read More
Filing for bankruptcy can be overwhelming. It is normal to feel confused, scared and even hopeless when you begin the process. You will be faced with many foreign terms, procedural requirements and rules. One of the strange terms you will come across right away is the “mailing matrix.” Also referred to as the “creditor mailing...Read More
Filing for bankruptcy is a big life decision. As such, you shouldn’t rush into it. Since filing for bankruptcy is not always the best option, it is important to take the following alternatives into consideration before deciding to file for bankruptcy. Negotiation Believe it or not, creditors are often willing to negotiate with you to settle...Read More
