debt obligations

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.

Connecticut families in the midst of a foreclosure are aware of how emotionally and financially difficult the ordeal can be. One family who underwent a foreclosure recently is now suing the companies that were involved in the process. They claim the paperwork that documented who owned the mortgage was flawed, and they also allege violations of the Truth in Lending Act.

When consumers begin to suffer under a heavy load of personal debt, there are options available to help them regain financial stability. Connecticut residents can opt to file for consumer bankruptcy, which can help discharge a significant portion of consumer debt. Such an action can also halt harassing phone calls from debt collectors. A recently filed lawsuit exemplifies the lengths to which some debt collectors will go to track down a debtor and collect on a debt.

Connecticut gamers may have already heard of the financial woes experienced by the video game company 38 Studios. Now, the company has sought Chapter 7 bankruptcy protection. It's owned by former Red Sox pitcher, Curt Schilling. Several factors weigh into any decision to declare Chapter 7 bankruptcy, but the company could not find a resolution to its current financial situation and has let all of its employees go.

Connecticut high school students may be bombarded with credit card offers before going to college, but avoiding credit card debt is a good way to get your financial future off to a good start. Making good financial decisions early is a way to help young adults avoid the trap of credit card debt and ensure they can begin their adult lives with a clean financial slate.

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.

Owning a home used to be an essential element in attaining the ideal American Dream. Now, it seems for many homeowners, their mortgage has made this once wonderful dream the American nightmare. Many people are struggling to make their mortgage payments, but now new relief could be on the way. A proposal currently being considered could help those in Chapter 13 bankruptcy reduce the total amount owed on their debt.

Residents of Southport, Connecticut, were likely shocked when the sign was taken down from the restaurant Friendly's, a fixture on the local restaurant scene. The Southport-area restaurant has closed after nearly 25 years of serving food to the community, according to the Connecticut Post.