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...
Chapter 7 Bankruptcy
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...
Lularoe sellers filing for Chapter 7 bankruptcy
On Behalf of Ambrogio, Pletter & Associates, LLC | Nov 9, 2017 | Chapter 7 Bankruptcy
Some Connecticut readers may be familiar with the online retailer Lularoe. The company offers women's apparel and accessories, sold through local merchants running a home-based business. The company enjoyed substantial success in recent years, but it appears that some...
Avoiding accusations of Chapter 7 bankruptcy fraud
On Behalf of Ambrogio, Pletter & Associates, LLC | Oct 5, 2017 | Chapter 7 Bankruptcy
For most Connecticut residents, filing for bankruptcy is an unfamiliar process. Faced with the need to identify, list and value all accumulated assets, many people will make a number of mistakes. In some cases, those mistakes can be misconstrued as acts of fraud....
Were these consumers made aware of Chapter 7 bankruptcy?
On Behalf of Ambrogio, Pletter & Associates, LLC | Sep 28, 2017 | Chapter 7 Bankruptcy
When a Connecticut resident is in need of bankruptcy services, the initial stages of that process involve a consultation with a bankruptcy attorney. That professional will review the consumer's financial information, and provide a recommendation about which type of...
Chapter 7 bankruptcy as an estate planning option
On Behalf of Ambrogio, Pletter & Associates, LLC | Sep 14, 2017 | Chapter 7 Bankruptcy
For most Connecticut residents, estate planning and bankruptcy are two distinct sets of needs, with very little crossover between the two. That said, there are circumstances in which Chapter 7 bankruptcy can play a powerful role in the estate planning process. With...
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