Medical bills are one of the most common types of debt carried by Connecticut consumers, and for many, it can be overwhelming. One medical emergency, broken bone or extended illness, and families could find themselves facing a debt burden they can never hope to manage on their own. In some situations, medical debt is a good reason to move forward with a Chapter 7 bankruptcy filing.
Disability benefits play an important role in many people's finances, helping them to stay afloat even when they might be struggling with money and bills. In most cases, filing for personal bankruptcy will not affect a person's ability to continue receiving disability benefits. For Connecticut veterans this is not always the case.
Juggling multiple monthly payments for various debts can be more than just stressful -- it can be financially crippling. Personal bankruptcy can be an effective debt management solution for Connecticut consumers who can no longer keep up with their monthly payments, but some people are trying a different route first. Personal loans for debt consolidation are becoming an increasingly popular choice.
It is not secret that the cost of college is far outside of the reach of an average Connecticut student. Even with scholarships and grants, few can afford to fork out fistfuls of cash for their classes. With ever-growing class loads, working more than part time during college years is also difficult if not impossible for some. These and other factors have culminated into a growing crisis for young adults, which personal bankruptcy could be one option for addressing.