Foreclosure Sale Of A Home Can Be Stopped By Bankruptcy Filing
On behalf of Law Offices of Mark M. Kratter, LLC on March 22, 2013
Foreclosure is an ominous procedure in which a bank or other lender seeks to seize real estate on which it has a mortgage lien. In many cases, this can mean literally putting a family out of their home. It is a particularly frightening experience for some homeowners when the procedure gets to the point of an impending sheriff's sale. The good news is that in Connecticut as well as throughout the country, the homeowner can at least temporarily stop a foreclosure sale by filing a bankruptcy petition.
Consumer Bankruptcy Provides Debt Relief And A Fresh Start
On behalf of Law Offices of Mark M. Kratter, LLC on March 11, 2013
Most societies don't punish people for being unlucky or even imprudent enough to have reached an economic impasse marked by overwhelming debt. The bankruptcy laws have long been available to legally relieve people from intrusive debt collections and to get a fresh start in life. The filing of a consumer bankruptcy in Connecticut can be a lifesaving event for many people, but they'll benefit from studying the pros and cons and making an informed decision before choosing to go forward.
Saving Habits May Lead To Connecticut Credit Card Debt
On behalf of Law Offices of Mark M. Kratter, LLC on March 08, 2013
Credit card debt is often a common problem for Connecticut residents and others across the country. Many may have trouble saving enough money each month to build up a savings account because of other required bills that must be paid. Whether someone has a mortgage, credit card debt or even student loans to pay, many end up sacrificing their savings by the end of their pay cycle; potentially placing them into a jam if they're living paycheck to paycheck and have an unexpected circumstance occur.
Connecticut Credit Card Debt: Taking Action Against Collectors
On behalf of Law Offices of Mark M. Kratter, LLC on February 26, 2013
Debt collector calls are something many Connecticut residents may have experienced. For all the collectors who are seeking repayment of a debt through the normal channels, some debt collectors take their actions much too far, resulting in a headache for consumers and possible legal trouble for those responsible. Any resident burdened by credit card debt or experiencing trouble paying their bills may wish to research bankruptcy as a viable option.
Connecticut Bill Could Help Speed Foreclosure Process
On behalf of Law Offices of Mark M. Kratter, LLC on February 21, 2013
A new bill proposed by the governor of Connecticut may help owners struggling through the foreclosure process. The governor has leveled blame against bank mediators for often prolonging foreclosures, because banks do not often send the same mediators to meetings or do not ensure those mediators possess the legal authority to negotiate a deal with homeowners. The bill would force banks to send only qualified mediators allowed to enter a settlement with a homeowner.
Filing For Bankruptcy? New Program May Help Connecticut Residents
On behalf of Law Offices of Mark M. Kratter, LLC on February 16, 2013
Connecticut homeowners with an underwater mortgage may soon see relief. March 1 begins a new program by Freddie Mac and Fannie Mae. The program will allow homeowners forced to stay in their homes because it isn't worth as much as they owe to move out and be relieved of their debt. This program could benefit those who are contemplating filing for bankruptcy.
Connecticut Credit Card Debt: Debt Collectors Are Using Facebook
On behalf of Law Offices of Mark M. Kratter, LLC on February 09, 2013
Connecticut residents logging into their Facebook accounts may soon find a nasty surprise waiting in their inboxes. Credit card debt agencies and other collectors are already known for harassing debtors at their homes and places of employment. Some are beginning to take it a step further and target people on social networking sites. One woman was subjected to this after she logged into her account and was confronted with a message asking her to call someone about a debt she owed.
Do Connecticut Youth May Have Higher Credit Card Debt?
On behalf of Law Offices of Mark M. Kratter, LLC on January 31, 2013
A new study found sobering statistics concerning credit card debt affecting younger generations across the country. Connecticut students and younger adults already in the workplace may find the trap of credit easy to fall into. Credit card debt can be difficult to shake, but for those whose debts far exceed their ability to pay, options such as bankruptcy protection can help them confront their debt in a responsible manner as they get back on their feet financially.
Chapter 13 Filings Increase In Connecticut
On behalf of Law Offices of Mark M. Kratter, LLC on January 25, 2013
Some encouraging numbers have been seen on the Connecticut bankruptcy front, leading experts to suggest that consumers who file may have more optimism when it comes to paying down debts and turning their financial situations around. Although Chapter 7 bankruptcies are more common in the state than Chapter 13, the overall numbers for Chapter 7 have declined. Recent reports show Chapter 13 bankruptcies have increased by almost 1000 from 2011 to 2012.
Connecticut Power Company Files For Chapter 7 Bankruptcy
On behalf of Law Offices of Mark M. Kratter, LLC on January 17, 2013
A Connecticut town is the recipient of a sizeable check after a bankruptcy court determined its claim against a power plant had priority over other creditors. The plant filed for Chapter 7 bankruptcy slightly over a year ago and had to lay off its entire workforce. Before its bankruptcy, the power plant contributed the largest amount of taxes to the town, totaling over $1 million annually.
