debt relief

Bridgeport, CT Bankruptcy Attorneys Help Clients Rebuild Credit after Bankruptcy

Although filing for bankruptcy has gotten a bad reputation, there is much good that can come of it. One positive aspect in particular is that it allows you to create a better credit score in your immediate future. With the help of the skilled and effective Connecticut debt relief attorneys Mark M. Kratter, you can create a sound financial future for yourself, and your family.

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.

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.

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 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.

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.

For Connecticut business owners, events may occasionally occur that cause a company to fall deep into debt. When this occurs, Chapter 7 bankruptcy is often a viable option. In recent news, a woman at the center of a criminal investigation has filed for bankruptcy in federal court.

For Connecticut business owners, events may occasionally occur that cause a company to fall deep into debt. When this occurs, Chapter 7 bankruptcy is often a viable option. In recent news, a woman at the center of a criminal investigation has filed for bankruptcy in federal court.

Many Connecticut residents may have struggled with credit card debt at one time in their lives. However, it could be important to note that some of those credits charges may have been fraudulent. When a credit card number is stolen, many charges come from sex-related internet sites. Although the credit card company will deny the charges, collection companies may step in and purchase the fraudulent debt for relatively little money in order to attempt to force the consumer to pay off the credit card debt.

Connecticut readers may be able to commiserate with a college football coach who recently filed for Chapter 7. The coach has cited real estate investment debts as the main reason for his decision to file the Chapter 7 petition. With the slump in the real estate market, many people are experiencing overwhelming debt related to their home or land purchases.