Bankruptcy

NOTE: The below is general information. I am not an attorney. All legal and financial decisions should be made after consulting with a legal or financial professional. People in Connecticut file for bankruptcy for a variety of different reasons. There are several different types of bankruptcy that a person could …

One cause for bankruptcy filings is less obvious than others. Home mortgages are a large and important sort of debt for most, but buying a home is not what causes bankruptcy. The main culprit is change. Since the late 1940’s we have been taught that owning our home is a …

1. If I file for Bankruptcy I will lose all of my property. This may be the biggest misconception surrounding filing for bankruptcy. Every person who files for bankruptcy can protect a certain amount of property while still eliminating all or a portion of their debt. Depending upon the state …