Subscribe to the BlogYou 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 [...]
Latest Articles
Attorney Melchionne featured in NY Times article on family’s fight against foreclosure in Connecticut
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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 [...]
How big is my “household” and why does the Bankruptcy Court care?
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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 [...]
Bankruptcy Myths and Misconceptions
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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 [...]