When a person realizes that his or her debt has reached an unmanageable point, it might be time to think about bankruptcy. There are two types of consumer bankruptcy to consider -- Chapter 7 and Chapter 13. While a person's income may dictate which bankruptcy he or...
Month: July 2019
As millennials struggle with credit cards, bankruptcy could help
On Behalf of Ambrogio, Pletter & Associates, LLC | Jul 25, 2019 | Bankruptcy
There is perhaps nothing inherently wrong with having a credit card. Some Connecticut consumers use credit cards to improve their credit scores, or to make specific purchases in order to earn reward points. Paying off the balance every month is often important to...
Bankruptcy can help worried consumers address debts
On Behalf of Ambrogio, Pletter & Associates, LLC | Jul 17, 2019 | Bankruptcy
Household debt has been growing for over a decade, but it does not all come down to consumer spending. Much of the consumer debt that people in Connecticut now live with is the result of borrowing just to survive the ongoing aftermath of the Great Recession. Experts...
How personal bankruptcy affects retirement and bank accounts
On Behalf of Ambrogio, Pletter & Associates, LLC | Jul 11, 2019 | Personal Bankruptcy
Most people want to know what will happen to their homes and vehicles during bankruptcy. It is understandable to feel concerned about two things that are so integral to the safety and security of a person. However, it is important for people in Connecticut to...
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