Ban Could Reduce Connecticut Student's Credit Card Debt
On behalf of Law Offices of Mark M. Kratter, LLC on January 07, 2013
Credit card debt can be a source of stress for Connecticut college students, but sometimes such debt is one of the only ways someone feels they can afford all the pressures of college. With tuition, books, dormitory and other costs, parents may find they are unable to afford everything their child needs. This is where some college students turn to using credit as a way to fund any additional expenses, often times resulting in high credit card debt.
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.
Connecticut May Still Have Twinkies: Chapter 7 Stalls For Hostess
On behalf of Law Offices of Mark M. Kratter, LLC on November 28, 2012
A sigh of relief has gone through Connecticut and Twinkie lovers across the nation, however short-lived it may be. A judge noticed Hostess and its second largest union had not gone through private mediation before the company's Chapter 7 bankruptcy filing. The two will now take the step of mediating soon, but if they cannot come to an agreement liquidation will resume. The company had been struggling for several years and the Chapter 7 is its second bankruptcy attempt in less than 10 years.
Connecticut Consumer Bankruptcy: Debts Can Quickly Overwhelm
On behalf of Law Offices of Mark M. Kratter, LLC on November 19, 2012
Connecticut fans of "CSI" may be familiar with Gary Dourdan, one of the actors on the television show. He is making headlines for a different reason this time and is reportedly seeking a consumer bankruptcy. Documents in the case show the actor has about $1.8 million in assets, but owes $1.73 million. A major part of his debt is owed to banks.
Connecticut Chapter 7 Bankruptcy Can Happen To Anyone
On behalf of Law Offices of Mark M. Kratter, LLC on October 29, 2012
A couple that won several million dollars in a lawsuit has recently filed for bankruptcy. This filing may be surprising, but it also shows that Chapter 7 bankruptcy can happen for many reasons and to any Connecticut resident. The couple was embroiled in a lawsuit several years ago over butter flavoring used in popcorn.
Connecticut Sees Rise In Foreclosure Filings For September
On behalf of Law Offices of Mark M. Kratter, LLC on October 26, 2012
Connecticut foreclosure filings have finally slowed down. Although they are slightly up from 12 months ago, the overall news is positive compared to the high spikes earlier in the summer. In 2011, the number of foreclosure filings was listed at 1,278. This year, the number rests at 1,299.
