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 [...]

Popularity: 9% [?]

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 [...]

Popularity: 27% [?]

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 [...]

Popularity: 10% [?]

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 [...]

Popularity: 11% [?]

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 [...]

Popularity: 30% [?]

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 [...]

Popularity: 17% [?]

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 [...]

Popularity: 13% [?]

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 [...]

Popularity: 11% [?]

The marshal has come to your home and you have been served. Foreclosure is a process that takes some time, but is close to unstoppable. There are only three ways to stop a foreclosure in Connecticut - pay, pay or pay.
Wait, did I say three? Well the reality is that the only [...]

Popularity: 11% [?]

The Credit Industry is unhappy about the way their revisions to the Bankruptcy Code are working out. It is now two years since the Bankruptcy Code was amended with myriad changes to satisfy the hunger of the creditors who claimed that they were not making enough money and were suffering millions of dollars of [...]

Popularity: 14% [?]