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.
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.
Chapter 7 Filing Only Part Of Fry's Electronics Official's Woes
On behalf of Law Offices of Mark M. Kratter, LLC on October 27, 2011
Some Connecticut residents may have been a bit surprised to learn that one a Fry's Electronics official filed for Chapter 7 bankruptcy back in July 2011. The filing stated that the man had assets of about $7 million and liabilities of more than $136 million, which included millions of dollars in gambling debts.
