Personal Bankruptcy

Bankruptcy Often a Key Element in Connecticut Divorce

Connecticut Bankruptcy Law Firm Mark M. Kratter Counsels Clients to Act Quickly to Start Fresh for 2014

Losing sleep over mounting debts? Filing for bankruptcy is a process most people mistakenly believe is shameful or means that you are a failure. This is far from true. In actuality, filing for bankruptcy can be the best gift you can give yourself. By acting quickly, and contacting a top Connecticut bankruptcy law firm, you can start 2014 off with a fresh start, leaving old debts and worries behind you.

Connecticut Debt Relief Law Firm Teaches Clients that Filing for Bankruptcy is No Longer a Stigma

Bankruptcy. The word carries with it so many different meanings for different people. For far too long, Americans have felt that because filing for bankruptcy was a last resort before total financial annihilation, it was therefore a humiliating process, one to be kept secret or hidden from friends and neighbors. But due to the difficult economy and recent economic recession, this perception is quickly changing.

Bridgeport Bankruptcy Law Firm Cautions Clients as to Effects of Sequestration

No one likes to be in limbo—it is an uncomfortable feeling to be uncertain as to one’s future. For Americans undergoing the process of bankruptcy, limbo is very likely what they will be experiencing for the years to come. Sequestration, or long-term cuts to different areas of the US Government, is most likely going to result in both court services and the resolution of civil and criminal cases becoming backlogged, drawn out and an altogether frustrating process. If you have filed for bankruptcy, or are considering...

Bridgeport, CT Bankruptcy Attorneys Help Clients Rebuild Credit after Bankruptcy

Although filing for bankruptcy has gotten a bad reputation, there is much good that can come of it. One positive aspect in particular is that it allows you to create a better credit score in your immediate future. With the help of the skilled and effective Connecticut debt relief attorney Mark M. Kratter, you can create a sound financial future for yourself, and your family.

Bankruptcy can allow people to wipe their financial slate clean when they are facing mounting bills, overwhelming payments, or steep mortgage installments that can no longer be paid – but it doesn’t always easily provide relief for those with large amounts of student loan debt. There are two major student loans: federal loans that are backed by the federal government, or private loans that are backed by for-profit banks. Private and government-issued or -protected loans have usually been non-dischargeable in bankruptcy proceedings. However, there are options. If student loans are weighing you down, contact the Bridgeport Bankruptcy Law Firm of Mark M. Kratter, LLC to help you figure out the process and begin anew.

Bridgeport, CT Bankruptcy Attorneys Help Clients Rebuild Credit after Bankruptcy

Although filing for bankruptcy has gotten a bad reputation, there is much good that can come of it. One positive aspect in particular is that it allows you to create a better credit score in your immediate future. With the help of the skilled and effective Connecticut debt relief attorneys Mark M. Kratter, you can create a sound financial future for yourself, and your family.

Learning the truth about bankruptcy sometimes comes too late. A person might hear about its extraordinary benefits from a friend or acquaintance, but it could be too late if property and a home have already been lost to creditors. Hopefully, sharing accurate facts about this federal remedy will help get the information out to Connecticut residents who are facing overwhelming debt and can still benefit by filing for bankruptcy.

Most societies don't punish people for being unlucky or even imprudent enough to have reached an economic impasse marked by overwhelming debt. The bankruptcy laws have long been available to legally relieve people from intrusive debt collections and to get a fresh start in life. The filing of a consumer bankruptcy in Connecticut can be a lifesaving event for many people, but they'll benefit from studying the pros and cons and making an informed decision before choosing to go forward.

Connecticut homeowners with an underwater mortgage may soon see relief. March 1 begins a new program by Freddie Mac and Fannie Mae. The program will allow homeowners forced to stay in their homes because it isn't worth as much as they owe to move out and be relieved of their debt. This program could benefit those who are contemplating filing for bankruptcy.