It doesn’t matter why you find yourself in financial trouble, there’s only one thing on your mind: getting back on track as soon as possible. Unfortunately, this is easier said than done. You may have dug yourself a hole so deep that it will take a long of hard work...

There are a number of disturbing myths that people keep repeating about bankruptcy, and many of them are highly negative and inaccurate. The idea that someone will lose all of their property in bankruptcy is one of them, and this myth keeps people struggling with...

When you fall behind on your bills, it's often only a matter of days before collection agents start calling you. Some companies, including utility companies and banks, have in-house collection agencies that will contact you. Debts related to medical expenses and...

A number of situations could cause Connecticut residents to find themselves with money problems. Many people try their best to stay on top of their expenses, but unexpected events can easily wreak havoc for individuals, even those who have made financial plans. In...

When you find yourself in a situation where you have more debt than you can reasonably repay, you may have to make difficult decisions about your obligations for payment when you receive income. This could leave some bills unpaid and accruing interest, as well as late...

Chapter 7 bankruptcy generally involves liquidation of a filer's assets. This leads many people to think that they're required to turn over all of their belongings to the court to be sold off to pay creditors. This isn't the case though. The U.S. Bankruptcy Court...

People in Connecticut who have filed for Chapter 7 bankruptcy — or plan to — may worry about how to remove this record from their credit report. The first thing to note is that unless the record is an error, there may be no immediate way to dispute it and...

According to MarketWatch, bankruptcy filings are at the lowest point since 2007. This is great news for people in Connecticut who may worry about the odds of falling off track financially. However, even though the adds are less stacked against them, many people still...

When people in Connecticut find that they can no longer keep up with their financial obligations they may consider filing for bankruptcy. Even so, they may be reluctant to go through with it for some time. There are two main reasons for hesitance: losing assets and...

The cost and standard of living in Connecticut is higher than many other states. This can make it easier for people to slip into debt and even harder for them to climb out. The longer that debt remains unpaid, the more it feels as though the debtor may never recover...