'Octomom' Files For Chapter 7 Bankruptcy To Start Over
On behalf of Law Offices of Mark M. Kratter, LLC on May 17, 2012
Most Connecticut residents have probably heard of Nadya Suleman, also known as "Octomom." Suleman has 14 children but is most famous for giving birth to octuplets. Recently, her financial troubles have apparently become too much, and she has filed for Chapter 7 bankruptcy protection. She claims she has about $1 million in debt and wants to start over financially. Suleman stated that difficult decisions have led her to the decision to file for Chapter 7 bankruptcy.
Experts Project Consumer Bankruptcies Will Continue To Drop
On behalf of Law Offices of Mark M. Kratter, LLC on April 11, 2012
Many Connecticut residents and others across the country are starting to bounce back from the effects of the Great Recession and are beginning to get their finances in order. In the last few years, many individuals filed for bankruptcy because of financial conditions out of their control. Yet, according to the latest financial information, the number of personal bankruptcy filings is expected to keep decreasing for at least the remainder of 2012.
How Does A Debtor's Discharge Protect You In Bankruptcy?
On behalf of Law Offices of Mark M. Kratter, LLC on April 03, 2012
After declaring bankruptcy, a Connecticut resident may be able to file a debtor's discharge. A debtor's discharge is a legal maneuver that is designed to prohibit creditors from contacting the debtor, such as through phone calls or by mail. Yet even after filing for bankruptcy and a discharge, a person may still find themselves continuously harassed by the creditor.
Fewer Connecticut Residents Filing For Bankruptcy
On behalf of Law Offices of Mark M. Kratter, LLC on February 16, 2012
Even as the national economy begins to rebound, many Connecticut residents continue to face economic hardship. Often through no fault of their own, many have found themselves unable to meet their financial obligations, such as paying off their credit card bills or making the monthly mortgage payment. However, fewer residents found themselves filing for bankruptcy in 2011 according to a new report released recently.
Banks Illegally Harassing People Even After Personal Bankruptcy
On behalf of Law Offices of Mark M. Kratter, LLC on December 29, 2011
Bankruptcy is something most people don't take lightly. It is often used as a last resort to regain financial stability and get a start fresh. In the last fiscal year, approximately 1.4 million people filed for either Chapter 7 or Chapter 13 personal bankruptcy in an effort to stop creditor harassment and move forward from their past debts.
