On behalf of Beebe & O'Neil | Dec 12, 2019 | Chapter 7 Bankruptcy
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....
On behalf of Beebe & O'Neil | Oct 17, 2019 | Chapter 7 Bankruptcy
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...
On behalf of Beebe & O'Neil | Aug 28, 2019 | Chapter 7 Bankruptcy
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...
On behalf of Beebe & O'Neil | Jul 31, 2019 | Chapter 7 Bankruptcy
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...
On behalf of Beebe & O'Neil | Jul 4, 2019 | Chapter 7 Bankruptcy
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...
On behalf of Beebe & O'Neil | Jun 6, 2019 | Chapter 7 Bankruptcy
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...
On behalf of Beebe & O'Neil | Apr 1, 2019 | Chapter 7 Bankruptcy
Once you make the decision to pursue a personal bankruptcy, the next task is determining which case you should file under. Many come to us here at Beebe and O’Neil wanting to file under Chapter 7 due to the advantage it offers of having debts discharged. Indeed,...
On behalf of Beebe & O'Neil | Mar 21, 2019 | Chapter 7 Bankruptcy
When people in Connecticut overextend themselves financially, bankruptcy may often seem like the easy answer. While bankruptcy may very well be the only answer in some instances, there is a lot more to the process and aftereffect of filing than many people consider....
On behalf of Beebe & O'Neil | Mar 11, 2019 | Chapter 7 Bankruptcy
If you are drowning in debt in Connecticut and feel you have no other options, you may be considering filing for bankruptcy. In a chapter 7 bankruptcy, the trustee takes many of your assets and sells them to help pay down your debt. However, there are some exemptions...
