Connecticut Chapter 7: Small Business Owner Affected By Economy
On behalf of Law Offices of Mark M. Kratter, LLC on August 31, 2012
Some Connecticut small business owners may be struggling to remain profitable and open for business during the current economic recession. Fortunately, there are options available for people who are having difficulty keeping their businesses afloat due to the combination of a slow economy and a high debt load. Recently, the owner of a used car dealership has filed for Chapter 7 bankruptcy protection.
Gabby Douglas' Mom Not Embarrassed About Filing Chapter 13
On behalf of Law Offices of Mark M. Kratter, LLC on August 15, 2012
Connecticut residents who have been watching the Olympics probably know of Gabby Douglas, the U.S. gymnast who won the all-around gold medal this year. While this Olympic story is certainly worth the positive media attention, her personal life is also making headlines for a completely different reason. Douglas' mother filed for personal bankruptcy earlier in the year. She sought Chapter 13 bankruptcy protection.
Fully Understanding Chapter 13 Bankruptcy
On behalf of Law Offices of Mark M. Kratter, LLC on August 07, 2012
Connecticut residents faced with debt have the option of bankruptcy available to them. Several types of bankruptcy exist, so it is important to become familiar with the type that is most suited to one's unique situation. Many people are familiar with Chapter 13, but may not know the specific details about it.
Connecticut Credit Card Debt: Consumers Fight Against Collectors
On behalf of Law Offices of Mark M. Kratter, LLC on August 02, 2012
Connecticut residents struggling to pay their bills may relate to a recent story about consumer debt. Currently, consumers fed up with credit card debt collection practices are filing lawsuits in droves. Every month since the start of the year, the number of lawsuits filed by debtors and credit card customers has risen. From January through May of this year, there were 6,256 lawsuits filed. This May saw three times as many lawsuits as the same month five years ago.
Connecticut College Students Should Be Weary Of Credit Cards
On behalf of Law Offices of Mark M. Kratter, LLC on July 26, 2012
When young adults graduate from high school and begin their college careers, money is not always at the front of their minds. In the past, some college students in Connecticut and across the country succumbed to temptation by accepting credit card offers, only to later find themselves knee-deep in credit card debt by the time they graduated. With the federal passage of the Credit Card Act a few years ago, it is more difficult for college-age students to receive a card. But difficult is not the same as impossible.
When Filing For Bankruptcy In Connecticut, Know Your Options
On behalf of Law Offices of Mark M. Kratter, LLC on July 19, 2012
When filing for bankruptcy in Connecticut, it's important for consumers to understand the types of bankruptcies available to them and which suits their situation best. Bankruptcy laws exist to help people who have staggering debt, but also to help creditors they owe. Filing for bankruptcy can be confusing, especially since laws can be complex and vary between states; however, going into it with some understanding of the types of filings available can be helpful to everyone.
Roof Program May Decrease Connecticut Foreclosures
On behalf of Law Offices of Mark M. Kratter, LLC on July 12, 2012
While some states are seeing lower numbers of foreclosure, Connecticut is turning out to be the opposite. Currently, the state has seen a foreclosure increase of 38 percent. In the south central region of the state, those numbers have increased a whopping 75 percent, from 481 foreclosures in 2011's first quarter to 851 in 2012's first quarter.
Several Celebrities File Bankruptcy Petitions
On behalf of Law Offices of Mark M. Kratter, LLC on July 03, 2012
Chapter 7 bankruptcy can sometimes be the best decision Connecticut residents can make when they are faced with insurmountable debt. In fact, several celebrities have filed for bankruptcy recently, including Danielle Staub, a former cast member of Bravo's "Real Housewives" series. Her Chapter 7 bankruptcy petition states that she has both assets and debts numbering between half a million and $1 million.
Consumers Pay Off Credit Card Debt As Response To Recession
On behalf of Law Offices of Mark M. Kratter, LLC on June 26, 2012
Consumers in Connecticut and across the country responded to the economic recession by slashing their credit card debt. According to a recent survey, the number of families with a card balance fell sharply between the years of 2007 to 2010. The survey reports that, as of 2012, only 39.4 percent of families carry a credit card balance, down from 46.1 percent in 2007. While this improvement is certainly welcome, paying off credit card debt is not a realistic possibility for everyone.
Strange Water Problems Lead Family To File For Bankruptcy
On behalf of Law Offices of Mark M. Kratter, LLC on June 21, 2012
One Connecticut family claims their mysterious -- and repeated -- water issues have led to them file for bankruptcy. A seemingly never-ending subterranean water problem has caused repeated damage to their property, and they have spent more than $30,000 in an effort to repair it. Now, the Connecticut homeowners have had enough, and the husband says their only viable option in the wake of their repeated water woes is filing for bankruptcy.
