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.
Accept A Mortgage Modification Or File For Chapter 13 Bankruptcy?
On behalf of Law Offices of Mark M. Kratter, LLC on March 29, 2012
As part of a multi-state settlement with some of the biggest lenders in the nation, many Connecticut homeowners may have some amount of debt relief coming to them. Part of the settlement includes a deal to reduce the principal on many mortgages across the nation. Moreover, Bank of America also announced a separate deal to write down underwater mortgages of about 200,000 homeowners to market value.
Student Debt And Filing For Bankruptcy
On behalf of Law Offices of Mark M. Kratter, LLC on March 22, 2012
Many Connecticut residents may know firsthand the stress associated with a large debt burden. Indeed, it may feel overwhelming, if not paralyzing. Fortunately, though, U.S. federal law allows for debtors to escape from their debt burden by filing for bankruptcy.
Bank Of America Reaches Separate Foreclosure Deal With Government
On behalf of Law Offices of Mark M. Kratter, LLC on March 15, 2012
Readers of this blog may recall a story about a large, multi-billion-dollar settlement that the attorneys general of 49 states reached with major banks across the country in regards to improper foreclosure practices. Recently learned, though, is that Bank of America has reached a separate deal as part of the overall foreclosure settlement that could reduce its penalties while providing substantial relief to thousands of homeowners. The deal could very well provide much needed help to homeowners in Connecticut.
Norwalk Stroller Company Files Chapter 7 Bankruptcy Petition
On behalf of Law Offices of Mark M. Kratter, LLC on March 08, 2012
A baby stroller company with its headquarters in Norwalk, Connecticut, recently filed for bankruptcy following a product recall of about a million of its strollers. The company, Maclaren, is internationally renowned for its strollers, which are often seen in well-to-do neighborhoods. The company has units in Europe, Hong Kong and North America, but the U.S. unit filed for Chapter 7 bankruptcy late last year.
Credit Card Debt Falls In Connecticut
On behalf of Law Offices of Mark M. Kratter, LLC on March 01, 2012
There are perhaps few things more terrifying than the constant calls of debt collectors and letters filled with dire warnings. Fortunately, more and more Connecticut residents are gaining some control over their financial obligations. In fact, according to Equifax, which is a credit reporting service, consumers in the state have paid down their credit card debt and outstanding financial obligations by a significant amount.
Large Settlement May Help Connecticut Foreclosure Victims
On behalf of Law Offices of Mark M. Kratter, LLC on February 24, 2012
When the housing crisis hit Connecticut in 2008, many homeowners found themselves suddenly unable to meet their financial obligations -- often, through no fault of their own. Indeed, many homeowners who were fighting off foreclosure were the victims of improper practices by mortgage servicers like Citibank or Bank of America. These mortgage servicers were subsequently involved in a robo-signing scandal; that is, they were failing to properly review foreclosure documents, including even failing to verify their authenticity.
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.
Connecticut Town Manager Receives Foreclosure Notice
On behalf of Law Offices of Mark M. Kratter, LLC on February 07, 2012
In these tough economic times, many Connecticut residents have become all too familiar with foreclosure proceedings. Whether it happens to a relative, a neighbor or themselves, many residents have been affected by foreclosures in one way or another ever since the housing crisis began in 2008. In that vein, readers of this blog may be interested to hear of the financial problems faced by the town manager of Enfield, Connecticut.
Measures Against Foreclosure May Bring Relief To Connecticut
On behalf of Law Offices of Mark M. Kratter, LLC on February 01, 2012
As the foreclosure crisis continues across the nation, some help may be on the way for Connecticut residents. On Jan. 30, the state attorney general and U.S. Rep. Rosa DeLauro held a joint news conference at the United Way in Milford to tout measures that may bring some relief and protection to area homeowners. The measures are designed to reduce frustration and to potentially avoid foreclosure in some cases.
