The issue of lien priority confronts many different players in the real estate market; homebuyers, sellers, and lenders all have to know about priority.  A lien is best defined as a claim on a piece of property for payment of a debt.  If the debt is not paid, permits foreclosure on the property.  The foreclosure...Read More

The Fair Debt Collection Practices Act (or “FDCPA” for short), was approved by Congress on September 20, 1977, amended and codified as 15 U.S.C § 1692.  It is a consumer protection amendment, which established legal protection from abusive debt collection practices as stated in the Consumer Credit Protection Act, as Title VIII of that Act...Read More

Back in June, Attorney Theresa Rose DeGray had the honor of appearing on the show “Got Girlfriends?” with several kind and accomplished women from the New Haven business community. On the show, she had the opportunity to tell her story and discuss her passionate journey of removing the stigma of Bankruptcy from our society to allow everyone and anyone who needs it, a...Read More

When asked the question, “What is the greatest movie of all time?” what is the first movie you think of? Maybe Citizen Cane or Casablanca, but The Godfather is definitely in that conversation. If not the greatest movie of all time, it is widely considered to crack the top 5. And who made this incredible...Read More

Whether you are listening to the radio or watching T.V, you’ve most likely heard a commercial or two about eliminating tax debts in Bankruptcy. But is it too good to be true? The fact of the matter is, it may be just too good to be true. Let’s take a look why. It is possible...Read More

Many homeowners have heard the term “short sale,” but don’t really know what it means.  A short sale is basicall or texty a bank agreeing to accept less than the amount owed on a mortgage in exchange for avoiding foreclosure.  As a result of the economic downturn of 2008, impacting both the housing market and...Read More

“Credit Monitoring” is when one screens his or her own credit history in order to detect any suspicious activities or changes. Various companies such as Lifelock, offers their services on a subscription basis to help people who are interested in the service to detect credit related fraud and identity theft. However, is this extra layer...Read More

“Theresa really helped me through a difficult situation and provided a simple solution at a reasonable rate. I highly recommend Theresa for legal matters.” –T.C. “Back in the early 2000s, I taught Alternative Dispute Resolution at the Southern New England School of Law (now the UMass School of Law). Theresa was a star student in...Read More

This week, I’d like to start a series of blog posts dedicated to the possibility of success after bankruptcy. You might be on this website because you are nervous about the bankruptcy process. You might be wondering if it is truly right for you, and if it will give you the fresh start that you...Read More

Chapter 9 bankruptcy was put in place in order to provide protection from creditors for municipalities that have financial problems.  Municipalities that are readjusting their debts need protection from creditors, just like the average person does.  Chapter 9 bankruptcy provides the refinancing of debt, the reduction of interest or principal, and the extension of debt...Read More