The Connecticut legislature recently enacted a new homestead exemption, which will come into effect in October of this year. This is great news for anyone with large amounts of debt as well as anyone who has been contemplating declaring bankruptcy. Here’s what to know...
Debt Relief
Medical debt stands in the way of debt relief
Seeking prompt medical attention for serious illnesses and injuries is important, but many people in Connecticut might be skipping out on essential treatment. Fear of going into debt because of medical bills is a sad reality for many Americans, and for some it is...
Do student loan borrowers need debt relief?
Debt involves so much more than simply owing money. For many people in Connecticut, debt is a source of frequent worry and an obstacle that prevents them from moving forward in life. From enjoying little things like dinner out with friends to making big life steps...
Can debt relief and forgiveness from creditors fix finances?
When considering whether to file for bankruptcy, it is not unusual for someone to hear advice about contacting creditors in an effort to have debts lowered or forgiven. But is debt relief and forgiveness a myth, or can indebted Connecticut residents really get...
As household debt grows, debt relief becomes necessary
Debt often seems like a strange, unexplainable creature for many Connecticut consumers. While most people try to avoid taking on too much debt, many find that their balances continue to build until they reach a breaking point. Although it might feel like an impossible...
A history of credit cards, and maybe the need for debt relief
For those in Connecticut who've been wondering about the history of consumer credit, a recently published article could shed a great deal of light on that topic. It may be hard to believe in the age of easy-access credit, but there was a time in American history when...
Debt relief: Which bankruptcy chapter fits the circumstances?
Many Connecticut residents are struggling to keep their heads above financial waters. Some are merely experiencing minor setbacks and simply have to cut back on spending a bit to get things back on track. For others, however, additional measures might be necessary,...
Even responsible consumers sometimes require debt relief
When most Connecticut residents think about insurmountable debt, they often envision an individual who has embraced indiscriminate spending and other questionable actions. In reality, however, many people find themselves in serious need of debt relief, even those who...
Study focuses on reasons behind need for debt relief
Virtually all Connecticut residents have struggled with debt at some point in their lives. Whether debt comes from an unexpected medical issue, a college education or simply the need to replace a car engine, it can be stressful to live with the knowledge that those...
Debt relief scams often target consumers with student loans
Earning a college degree is an exciting accomplishment, and one that can have a marked impact on an individual's future success. However, the fruits of student labor are often delayed for several years, as new graduates enter the Connecticut workforce and take...
