Monthly Connecticut Foreclosure Numbers Down
On behalf of Law Offices of Mark M. Kratter, LLC on December 31, 2012
Good news has been issued concerning Connecticut-area foreclosures. The rate in the Norwich area has decreased from the numbers reported in October of last year. However, many families are still affected by foreclosure and may feel like they are drowning in debt. When this occurs, several options exist including bankruptcy. Filing for bankruptcy or seeking other alternatives can help homeowners who may be struggling to keep their homes while still juggling other debts.
Connecticut Chapter 7: Lengthy Negotiations Can Take Serious Toll
On behalf of Law Offices of Mark M. Kratter, LLC on December 27, 2012
Most Connecticut business owners don't expect severe financial problems when they first open their doors. However, when companies are forced to negotiate contracts with others, sometimes delays in those talks can lead to unforeseen costs or financial issues resulting in the decision to file for Chapter 7 protection. Such is the case for a long time orchestra.
Connecticut Foreclosure Situation Shows Little Improvement
On behalf of Law Offices of Mark M. Kratter, LLC on December 18, 2012
Foreclosure proceedings can be nerve-wracking and upsetting for homeowners in Connecticut and elsewhere. Although there is an expected bounce in the housing markets, some are speculating the crisis may not be quite over yet. Home sales across the nation in October reportedly reached a five year high, up 11 percent from 12 months ago.
Chapter 7 Bankruptcy Could Help Struggling Connecticut Companies
On behalf of Law Offices of Mark M. Kratter, LLC on December 14, 2012
Connecticut business owners may currently be feeling the pinch of tough economic times. When the financial strain becomes too much, owners may seek the protection that Chapter 7 bankruptcy can offer. Recently a biomass producer, apparently experiencing massive financial strain, did just that.
Connecticut Credit Card Debt: Cancel Christmas? Many Say Yes!
On behalf of Law Offices of Mark M. Kratter, LLC on December 04, 2012
The holidays will soon be upon us and with them, the high likelihood of credit card debt. Reports show that credit card debt has risen by 4.9 percent just from the months of July to September of this year. Last year around this time, over 14 percent of Americans stated they were still paying off the debt they incurred from the prior Christmas. If the same trend occurs this year, it could very well land some Connecticut Christmas shoppers in debt that could be hard to get out of.
