On behalf of Law Offices of Mark M. Kratter, LLC on December 02, 2011
Everywhere you look in today's economy, Connecticut families are losing their homes to foreclosure. Unfortunately, some families have no way of avoiding foreclosure, and their only chance for financial redemption is to file for bankruptcy protection. But other families may have options available that can help them keep their homes.
Fortunately, not all cases of financial difficulty need to end in the loss of one's home. An orphaned teenager in Waterbury, Connecticut, whose mother passed away seven years ago and whose father passed away in August, is now finding it impossible to keep up with the mountain of bills that have accumulated. Indeed, the bills have piled up to such a degree that the high school senior is in danger of losing the family home.
But help has arrived in the form of the local volunteer fire department, which joined forces with other community groups to raise money, which may be enough to help the boy pay his bills. A little more than a week ago, the Waterbury Police Activity League held a pasta dinner fundraiser for the boy. Grateful for all the assistance, the Connecticut teenager says that he hopes to give back to the community himself one day in order to say thank you.
Indeed, some people can avoid foreclosure, and miracles do happen. Still, for most people, the assistance of a bankruptcy attorney can be invaluable when faced with a mountain of debt and when creditors are knocking at the door. It may be beneficial to review all the options with a lawyer before simply resigning to the fate of losing the roof over one's head. Often, many are surprised at what can be accomplished to save a home while also devising a plan for a fresh financial beginning.
Source: NBC Connecticut, "Orphaned Waterbury Teen Faces Foreclosure," Monica Buchanan, Nov. 11, 2011
