When couples in Connecticut get a divorce, they may spend some time wondering who gets the house, the kids and the pets. They may also discuss whether or not alimony payments should be a part of the deal. However, as the separation and divorce process continues, they may soon realize there are many other financial considerations to keep in mind.
Buying a home is an expensive process. Every step, from making an offer to signing your documents, involves a lot of research and consideration.
As home to top colleges in America, such as Yale, Connecticut residents feel compelled to pay attention to statistics affecting students across the country. In 2015, Forbes reported that one former Penn State student made the news after filing a suit against his fraternity and university for activities involving sexual abuse and assault.
When families in Connecticut lose someone they love, they may also find their time of mourning interrupted by financial necessities regarding their loved one’s estate. Family members may also fight over items of monetary or sentimental value. To make matters worse, the family may have no idea how much the deceased left behind in assets and debts.
For many people in Connecticut, debt can quickly spiral out of control. When this happens, Chapter 7 bankruptcy may be the absolute best option they can consider. According to CNBC, in 2018, only 733,000 people were expected to file for bankruptcy. This is a steep fall from 2010’s whopping 1.5 million filings.