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Why You Should Tell Your Attorney Everything About Your Finances »

The penalty for intentionally failing to be complete with the information on your bankruptcy petition and schedules can be a Federal criminal offense punishable by a sentence of up to 5 years in jail and a fine of up to $250,000.00.  Under cetain circumstances, the attorney filing such a petition can also be sanction by [...]

Word Of The Week: Discharge »

Everyone knows that you file bankruptcy to get a discharge of your debts. But what is it? A bankruptcy discharge is a permanent court order pursuant to statute stopping creditors from collecting or attempting to collect a debt as a personal liability from a debtor. Not every debt is discharged, nor does [...]

Is Reaffirmation Of A Mortgage Required? »

When you file for bankruptcy, you are generally given three choices with regard to a secured debt; that is, a debt that is attached to a lien on something you own.  The Bankruptcy Code specifically deals with reaffirmations and when and how they must occur.  That information appears elsewhere on this site and there is [...]

The One Thing I Really Want Bankruptcy Clients To Do Is … »

The one thing I really want my Bankruptcy Clients to do is be upfront about personal issues. For example, when analyzing means testing data, it became apparent that several clients had substantial income that was unaccounted for. Money was disappearing out the budget each month that could or should be available [...]

The Trustee’s Office Moves to a New Location in Connecticut »

The United States Trustee’s Office for operations in Connecticut has moved from its previous location at One Century Tower on 265 Church Street, New Haven to 150 Court Street in the Giamo Federal Building. Bankruptcy examinations for the New Haven and Bridgeport courts have also [...]

Connecticut Allows Car Expense Without Loan »

Using a common sense interpretation of the IRS Code, Judge Robert L. Krechevsky has decided that the full transportation expense should be allowed a debtor in the Means Test even though the vehicle does not have a loan on it. In the case of In Re Roberts on February 28, 2008, the U.S. Bankruptcy [...]

Will Filing for Bankruptcy Prevent Me From Opening a Checking Account? »

Over at our sister site, Credit Law Network, there are a few articles about Chex Systems and Tele-Check. These companies assist financial institutions and merchants in preventing losses from bad or fraudulent checks. Chex Systems co-sponsors an educational program for those who have bounced checks in the past to qualify to open a [...]

What To Do When You are being Foreclosed - Chapter 13 »

Since Connecticut has two kinds of foreclosure - auction sale or strict, it is important to know where your case is in the process. Thankfully, even if the Judgment of Foreclosure has entered in your case or the auction sale has taken place, it still may not be too late. In Connecticut, as long as [...]

Connecticut Court creates Committee on Foreclosures »

In response to the dramatic monthly increase in foreclosures in Connecticut, Chief Justice Chase T. Rogers announced a Bench-Bar Foreclosure Committee to review current practices and practices in the courts regarding foreclosure cases, and make recommendations for improvement. According to a story by the AssociaIed Press, inner city neighborhoods have suffered the greatest reaching [...]

What Do You Do When Your Mortgage Is Being Foreclosed? Court-Ordered Reinstatement »

Connecticut has a statutory procedure to restructure mortgage arrearages in a supervised payment plan. Instituted in 1983 when interest rates were forcing homeowners out of their homes, the Superior Court has the power to force mortgage lenders into a reinstatement plan.
Some of you might remember back in the early 1980’s when interest rates skyrocketed [...]