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March 2018 Archives

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 liquidation, also known as Chapter 7 bankruptcy. This may be the fate of Toys R Us as the retailer filed for Chapter 11 bankruptcy protection in September in hopes of restructuring their operations and cutting debt.

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 easy to put off for some people, though the amount and terms on a student loan can influence the impact of unpaid loans on Connecticut residents.

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