{Consumer Bankruptcy Tips}

You may have recently heard news about the Credit CARD Reform Act of 2009.  It just went into effect on February 22, 2010 and is intended to provide various protections to consumers to combat the wily tricks of the credit card companies. Here’s a great cartoon video (which I saw posted on the Center for [...]

The New York Times had a great February 11 article in its Real Estate section (“Mediating in Slow Motion”) that highlights the challenges of fighting foreclosure in Connecticut.  The article features my clients and does a great job of examining the effectiveness (and lack of effectiveness) of Connecticut’s foreclosure mediation program. (Appropriate commentary from BAPCPA [...]

I thought it might be of interest to readers to take a look at relevant bankruptcy news in Connecticut for the past week or so. 1.  Personal bankruptcies easing after dramatic increase in ’09 (theDay.com) Connecticut saw 8,618 bankruptcies last year–90% of which were Chapter 7 bankruptcy filings.  That’s the highest number of bankruptcies in [...]

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In the wake of Christmas and related spending, I thought it might be appropriate to share a recent bankruptcy haiku from Bankruptcy Bill. From winter debts on Brown branches seeking fresh start A cherry blossom To get your own fresh start, get out from under your winter debts and enable your finances to blossom once [...]

You may have already come across the Bankruptcy Bill and BAPCPA Man cartoons either on a previous post this blog or elsewhere. Well, now the site may also be the best source for bankruptcy songs as well.  That’s right, bankruptcy songs.  Thanks to Bankruptcy Bill’s Bankruptcy Song Contest, which just posted the songs and lyrics [...]

Yes, there are many things you can and should do to plan ahead if you intend to file for bankruptcy in Connecticut.  There are also a number of things you should not do if you are planning to file for bankruptcy. For this reason, if you are in any way considering a bankruptcy filing in [...]

Happy holidays indeed.  If you’re a credit card company. According to this article in the Denver Post (“Credit Card Rates Soar Just Before Shopping Season”), credit card companies have been raising rates on unassuming consumers.  The credit industry is preparing for the major reforms on the unscrupulous practices they have been getting away with for [...]

Why is there  a bankruptcy process?  Doesn’t it give people a disincentive to repay debts that they really should pay?  Why would Congress go out of its way to create a law that lets people get out of their contractual obligations to make payment?  What’s with this whole “free-pass” thing? First, the concept of bankruptcy [...]

There are a lot of things in life that are pretty natural and instinctive.  Bankruptcy is not one of them. As a result, people have a number of misconceptions about the bankruptcy process, such as: 1.  There’s nothing I can do to stop creditors from harassing me. FALSE. The moment you file for bankruptcy, you [...]