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… Continue Reading
One of the first things that happens in a bankruptcy case in Connecticut after the debtor has filed a petition, is a “Meeting of Creditors,” also know as a “341 Meeting” which refers to Section 341 of the Bankruptcy Code. What happens at a 341 Meeting and what’s the experience like? A 341 Meeting is a… Continue Reading
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… Continue Reading
If you file for bankruptcy in Connecticut or anywhere else, then one piece of information you need to know is your “household size.” Why is household size so important? Because of the Means Test. Under the Means Test, you can file for Chapter 7 bankruptcy only if your monthly income is below the monthly median… Continue Reading
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… Continue Reading
At the end of each of my blog posts, I include an invitation to contact me for a free initial consultation. So I thought you might be curious to know a little more about what happens at this initial consultation. You enter the office, worried about your finances, stressed from harassing calls from debt collectors,… Continue Reading
So you’ve made an appointment to meet with your bankruptcy lawyer to discuss your financial situation. And you find yourself wondering, “Do I need to bring anything? And if so, what should I bring to my meeting with my bankruptcy lawyer?” Well, here’s a list of a few basic and typical things that you should… Continue Reading
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… Continue Reading
If you’re considering filing for bankruptcy in Connecticut, it’s important to be prepared. There are some things you need to do in advance. And just as importantly, there are some things you SHOULD NOT DO when preparing to file for bankruptcy. Here are a few key things not to do right before filing for bankruptcy… Continue Reading
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… Continue Reading