The absence of a repayment plan is one of the biggest ways in which Chapter 7 differs from Chapter 13 bankruptcy. There are many other differences as well, including an income cutoff regarding eligibility to file for Chapter 7 bankruptcy. In Connecticut,...
Month: November 2018
Can your neighborhood type predict your foreclosure risk?
Most people in Connecticut will experience a financial emergency at least once in their lives. Whether a financial crisis leads to foreclosure can depend on a variety of factors, including a person's other debts, income and even savings. Some researchers say that the...
Personal bankruptcy could help prevent student loan defaults
A college education is often the key to unlocking a fulfilling and financially rewarding career. However, a college degree is not cheap, and students in Connecticut and across the rest of the United States often struggle with paying back hefty loans. As experts...
Which generation is most likely to need personal bankruptcy?
Which generation holds the most debt? While some people in Connecticut may think they have the answer, the reality of debt in America may be surprising to most. Generation X currently leads the list. However, debt is not isolated to this demographic alone, and...
