The Law Office Of Ambrogio, Pletter & Associates, llc
Call Today For A Free Consultation
203-502-7436
Toggle Our Practice Areas

May 2019 Archives

How Chapter 13 bankruptcy can help you

You might be making what others describe as a living wage, but that does not mean you are not struggling. Many people in Connecticut who earn living and middle-class wages are faced with more debt than they know how to handle. Sometimes, it is through the slow accumulation of smaller debts that are hard to notice until things have piled up. In other cases, a single financial disaster can throw people into a difficult situation. Either way, filing for Chapter 13 bankruptcy could help you deal with your debt.

Growing delinquencies could push young adults towards bankruptcy

There is little denying the financial impact that the Great Recession had on certain generations. Compared to their parents, both Gen Z and millennials entered adulthood with more conservative attitudes toward finances and debt. However, as time has gone on and memories of the early 2000s are falling away, more and more people in these younger generations could find that bankruptcy is their best bet for handling debt.

Is social media getting in the way of debt management?

Debt is nothing new, but the levels of debt that many Americans now have are much higher than in the past. Credit card debt reached a record high of $834 billion in 2018, and student loan delinquency rates are not looking good either. The reasons behind these growing debts can vary from person to person, and those reasons will also affect how any given person will approach debt management. Figuring out where some of their debt comes from can help Connecticut consumers in this decision.

Could debt management increase your foreclosure risk?

Methods for dealing with debt are a popular topic of discussion on the internet. While some of these methods might be appropriate for a select group of people, they could be putting many others at risk for falling even deeper into debt than before. Home equity borrowing is especially troublesome as it can increase the risk of foreclosure for Connecticut homeowners.

New consumer protection rules could help with debt management

People in Connecticut with past-due bills are likely already familiar with creditors and their sometimes harassing collection attempts. While there are rules in place that are meant to protect consumers from abusive debt collection practices, the protections are not as thorough as they could be. Newly updated rules could soon make life easier for those struggling with debt management while also fielding harassing attempts at debt collection.

Contact Us

To arrange a free consultation with an experienced Connecticut bankruptcy lawyer, call 203-502-7436 or fill out this form.

Get Started Today

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Ambrogio, Pletter & Associates, LLC
3288 Main Street
Suite 201
Stratford, CT 06614

Phone: 203-502-7436
Fax: 203-612-9200
Map & Directions