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...
Chapter 7 Bankruptcy
Chapter 7 bankruptcy could help people with serious medical debt
On behalf of Ambrogio, Pletter & Associates, LLC | Mar 25, 2019 | Chapter 7 Bankruptcy
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...
Key differences between Chapter 7 and Chapter 13 bankruptcy
On behalf of Ambrogio, Pletter & Associates, LLC | Feb 6, 2019 | Chapter 7 Bankruptcy
Filing for bankruptcy can be an essential lifeline for Connecticut consumers who are drowning in debt. However, deciding to file for bankruptcy is not quite as simple as filing a piece of paper and then going from there. Before any of that can take place, individuals...
Rising credit card balances could lead to Chapter 7 bankruptcy
On behalf of Ambrogio, Pletter & Associates, LLC | Dec 18, 2018 | Chapter 7 Bankruptcy
Americans have been working hard to pay off their credit card debt. Consumers in Connecticut and across the rest of the nation paid off a collective $40.8 billion in the first quarter of 2018 alone, but it still might not be enough to dig themselves out of debt. When...
Chapter 7 bankruptcy may not as widely used as you may think
On behalf of Ambrogio, Pletter & Associates, LLC | Dec 5, 2018 | Chapter 7 Bankruptcy
The Bankruptcy Abuse Prevention and Consumer Protection Act -- BAPCPA -- of 2005 cut off a significant number of Americans from pursuing Chapter 7. However, many people in Connecticut might be surprised to learn that not only do they still qualify for Chapter 7...
Should I file for Chapter 13 or Chapter 7 bankruptcy?
On behalf of Ambrogio, Pletter & Associates, LLC | Nov 28, 2018 | Chapter 7 Bankruptcy
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,...
Can I file for Chapter 7 bankruptcy?
On behalf of Ambrogio, Pletter & Associates, LLC | Oct 24, 2018 | Chapter 7 Bankruptcy
Discharging debt through bankruptcy is extremely appealing for those who are currently unable to make ends meet. While this is possible through both Chapter 7 and Chapter 13 bankruptcies, most people find the first option more appealing as the latter first requires...
Should someone buy a car during Chapter 7 bankruptcy>
On behalf of Ambrogio, Pletter & Associates, LLC | Sep 13, 2018 | Chapter 7 Bankruptcy
One of the biggest questions people have about bankruptcy is how it might affect their future ability to purchase items, particularly on credit. One of the specific issues Connecticut filers may wonder about is their ability to buy a car during Chapter 7...
How do retailers liquidate assets under Chapter 7 bankruptcy?
On behalf of Ambrogio, Pletter & Associates, LLC | Mar 11, 2018 | 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...
Chapter 7 bankruptcy can ease the financial woes of seniors
On behalf of Ambrogio, Pletter & Associates, LLC | Nov 28, 2017 | Chapter 7 Bankruptcy
Consumer bankruptcy filings in Connecticut continue to be vigorous despite the relative recovery in the economy. For example, personal Chapter 7 bankruptcy filings have grown among senior citizens who are 65 and older. The main reason for that increase is the...

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