Chapter 7 Bankruptcy is designed for people in financial difficulty who do not have the ability to pay back their existing debts (call or texted “Debtors”). The filing of a Chapter 7 petition is designed to result in a discharge of most of the debts you list on your bankruptcy petition. A discharge is a...Read More

Q: What is bankruptcy? A: Bankruptcy is a legal process for people who cannot afford to pay their bills, and offers them a fresh start. The right to file for bankruptcy is granted by federal law, and all Connecticut bankruptcy cases are handled in federal courts located in New Haven, Bridgeport and Hartford. Q: How...Read More

Doing something new or different can be scary. You might not know what to expect, which can make you imagine the worst. If you are preparing for a meeting of the creditors or if you are taking your bankruptcy case to court, you naturally might feel nervous and unsure of how to act. The good...Read More

Have you tackled your wallet cleaning project, and are now looking for a bigger challenge? Consider cleaning out your home! When you’re living on a budget, every dollar counts! To make a little extra cash, you might want to consider partaking in the spring cleaning ritual and selling some of your old possessions. As the...Read More

It’s that time of year again. Tag sale signs are going up, and your friends are talking about spring-cleaning. Every year, you intend to partake in the spring-cleaning ritual. It sounds good, doesn’t it? Sorting through things you don’t need, and selling them for a bit of extra cash, or donating them to people in...Read More

A sure-fire way to get into debt quickly is to start accumulating interest on some type of balance. Whether you’re dealing with a student loan, a mortgage, or a credit card, interest is the kiss of death for those trying to get out of debt and stay out of debt. It can be very difficult...Read More

  My name is Theresa, and I think it is vitally important that my clients and colleagues know who I am and what I have been through on my own financial journey… During my college and law school years I was affected by medical issues and did not have insurance.  I took student loans to pay for...Read More

One of the basic principles of tax laws is if you owe a debt to someone else and they forgive that debt, the forgiven amount may be taxable.  As a result of the Mortgage Forgiveness Debt Relief Act of 2007, the statisticall or texty few homeowners who have had mortgage debt forgiven may not owe...Read More

Unemployment is a common reason to file for bankruptcy in the United States.  If you are accumulating debt because you do not have a source of income, bankruptcy can help your situation.  However, depending on what type of bankruptcy you file for, your unemployment might still hinder your chance to erase your debt and start...Read More

Mortgage modification is the changing of a loan; the terms of a mortgage are modified outside of the original terms of the agreement between the borrower and lender.  Homeowners that simply cannot afford their mortgage payments can try to improve their deal with their lender.  The process is incredibly complicated with concessions offered usually only...Read More