When a business is forced to close its doors, defining how to handle the debt it holds is one of the main challenges. While bankruptcy filings provide some debt management standards, agreements with creditors are still important to reach. Claire's Stores, which have...
Month: March 2018
When should someone consider personal bankruptcy?
For people dealing with mountains of debt, bankruptcy can seem like a reasonable option. However, it is important that Connecticut individuals considering personal bankruptcy understand the legal, financial and personal implications of taking this step. There are many...
How do retailers liquidate assets under Chapter 7 bankruptcy?
As retailers such as Toys R Us close their doors around the United States, many people have questions about how the closing sales will function. Much of how these sales will play out in Connecticut and throughout the country is determined by bankruptcy...
Understanding debt management for student loans
As millions of people in the United States struggle with student debt, many questions may arise. One of the common ones for those seeking debt management is the consequences of not paying their student loans. Low interest rates on this kind of debt can make repayment...
