Most people with debt problems are, at least intially, highly resistant to the idea of filing for bankruptcy.  Filing chapter 7 or chapter 13 is often viewed as taking the easy way out, or looked at as a good way to ruin one’s future credit rating, or as a moral failing best to be avoided.  These viewpoints, combined with financial stress...Read More

Absolute Priority The order of payment to the different classes of creditors mandated by the Bankruptcy Code. Accord and Satisfaction An agreement to settle a contract dispute by accepting less than what’s due. Adequate Protection The right of a party with an interest in the debtor’s property to assurances its interest will not be diminished...Read More

If you’re living on a tight budget and find yourself barely scraping by from paycheck to paycheck, getting your tax returns might seem like an incredible gift. However, you want to use this gift wisely. While it is natural to want to spend your tax returns immediately, there are better ways to use this money,...Read More

For most college students, going away on spring break is a rite of passage, an item to check off of the “college experience” bucket list. While taking a trip with friends for spring break can be a blast, and you’ll make memories that you’ll talk about for years to come, a big trip can cause...Read More

Recently, I appeared as a guest on a talk-radio show with host, Eric Lopkin. Click here to listen to the episode and learn more about me and my practice.Read More

Continuing with the Bankruptcy Success Series, this time we are featuring fellow Connecticut resident P.T. Barnum.  Yes, this famous showman and businessman was excellent at displaying oddities and wowing crowds worldwide, but he was not always diligent with his money. P.T. Barnum is a Connecticut legend – many of you may have visited the P.T....Read More

Last night, I had the honor and privilege of attending the New Haven Legal Assistance Association’s 50th Anniversary Gala! I am proud to be a Member of the Board of Directors of the New Haven Legal Assistance Association (“NHLAA”) as the Liaison from the Orange Bar Association. NHLAA’s commitment to equal access to justice for all...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

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