Household debt in Connecticut and the rest of the United States rose to its highest level at the end of 2022 since the financial crisis that sparked the 2008 recession. The average household had debt totaling $142,680 at the end of the year. Many consumers cannot...
Stratford Bankruptcy Blog
Medical debt falls, but the problem persists
On Behalf of Ambrogio, Pletter & Associates, LLC | Mar 23, 2023 | Debt Management
Far fewer people in Connecticut and around the country have medical debts on their credit reports according to a report released on Feb. 14 by the U.S. Consumer Financial Protection Bureau. The figures show that the number of Americans with credit reports containing...
What to know about bankruptcy certificates
On Behalf of Ambrogio, Pletter & Associates, LLC | Sep 12, 2022 | Bankruptcy
Filing for Chapter 7 bankruptcy may allow you to eliminate unsecured debts in a matter of weeks or months. It's also possible that you will be able to retain property such as a car or the equity in your Connecticut home. However, before you can file for bankruptcy,...
Understanding the “means test” in chapter 7 bankruptcy
On Behalf of Ambrogio, Pletter & Associates, LLC | Jun 17, 2022 | Chapter 7 Bankruptcy
When people think of filing for bankruptcy in Connecticut, the first thing that comes to mind is Chapter 7 bankruptcy. This type of bankruptcy is often considered the "gold standard" because it allows people to discharge their debts and start over fresh. When filing...
The automatic stay in Chapter 7 bankruptcy
On Behalf of Ambrogio, Pletter & Associates, LLC | Jun 14, 2022 | Chapter 7 Bankruptcy
When a consumer is overwhelmed with debt in Connecticut, Chapter 7 bankruptcy could give them relief. It discharges some unsecured debts through selling of nonexempt property to pay creditors. Chapter 7 is often completed faster than other types of bankruptcy, and it...
Puncturing some bankruptcy myths
On Behalf of Ambrogio, Pletter & Associates, LLC | Jan 31, 2022 | Chapter 7 Bankruptcy
Connecticut residents who are heavily in debt might consider turning to bankruptcy. Some may be reluctant to file due to some myths. However, when you learn that these things are only misconceptions, it can make you feel more comfortable about the process. You’ll...
There is a new Connecticut Homestead Exemption!
On Behalf of Ambrogio, Pletter & Associates, LLC | Aug 27, 2021 | Bankruptcy, Debt Management, Debt Relief, Personal Bankruptcy
The Connecticut legislature recently enacted a new homestead exemption, which will come into effect in October of this year. This is great news for anyone with large amounts of debt as well as anyone who has been contemplating declaring bankruptcy. Here’s what to know...
How over-limit fees work in Connecticut
On Behalf of Ambrogio, Pletter & Associates, LLC | Aug 25, 2021 | Debt Management
If you have a credit card, you can decide to enter a "credit card over-limit" agreement with your credit card issuer in Connecticut so that your card can never be declined when making payments. But, this option comes with penalties and extra fees that could be...
Rebuilding credit after a bankruptcy
On Behalf of Ambrogio, Pletter & Associates, LLC | Jun 30, 2021 | Bankruptcy
Many people in Connecticut and around the country are reluctant to file for bankruptcy even when their financial situations have become unmanageable and are unlikely to improve. This is often because they have been told that a Chapter 7 or Chapter 13 personal...
Dealing With Debt Collection Calls
On Behalf of Ambrogio, Pletter & Associates, LLC | Apr 21, 2021 | Debt Management
If you receive a call at your Connecticut residence from a debt collection firm, it’s generally a good idea to listen to what that company has to say. Even if you don’t owe anybody money, ignoring collection calls will most likely lead to more calls, letters or other...

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