Hartford Bankruptcy Law Blog

Welcome to the bankruptcy blog of Ronald I. Chorches. In this section of our website, you’ll be able to read informative content and updates about bankruptcy in particular or the industry in general – all specifically related to the bankruptcy laws and procedures in the state of Connecticut.

  • Improving your credit score after filing bankruptcy in Connecticut

    Date: Thursday, March 1st, 2018

    There are several strategies those who file bankruptcy should use to rebuild their credit after the discharge process. After filing bankruptcy in Connecticut, this action remains on the credit report of filers, and it can stay there for up to a decade. Although the impact of filing bankruptcy will lessen over time, filers may be anxious to […]

  • Take care now to preclude bankruptcy later

    Date: Thursday, February 22nd, 2018

    Many people in Hartford, Connecticut, are prospering, able to buy the mansions, land and other material pleasantries that they want. Others, however, find that their money train must have taken a wrong turn and find themselves potentially needing to file for personal bankruptcy. Nationwide, hundreds of thousands of people do. Others who haven’t hit that point […]

  • 4 Common Myths About Filing Bankruptcy in Connecticut

    Date: Saturday, February 17th, 2018

    Many myths surround consumer bankruptcy and those considering filing should be aware of what they are. Many people in Connecticut find themselves struggling with extensive amounts of debt due to job loss, divorce, medical problems or a variety of other situations. Although many people can benefit from the consumer bankruptcy process, many avoid taking the steps […]

  • What are secured debts and unsecured debts?

    Date: Monday, February 5th, 2018

    Residents of Hartford, Connecticut, spend their money on a lot of different things. Those include basics, like buying their beautiful dream home on a large property, utilities, clothes and food. They may also include extras, like that attractive new sports car that just looked too good in the showroom window to walk buy without purchasing. […]

  • What should businesses know about bankruptcy?

    Date: Thursday, January 25th, 2018

    There are many thriving businesses in Hartford, Connecticut. However, some businesses go awry, and things may get to the point of the business owners considering business or commercial bankruptcy. When that happens, the business owners should ask some key questions and discuss the answers with other stakeholders in order to determine if bankruptcy is the right […]

  • Medical bills can be addressed

    Date: Thursday, January 11th, 2018

    Many Hartford, Connecticut, residents do an excellent job of managing their finances. However, sometimes debt can accumulate for even the most careful financial managers, necessitating an understanding of good approaches to debt relief. That applies to unpaid medical bills, which can be particularly nerve-wracking for a lot of people since they tie to their health. After […]

  • Be wise with financial planning for 2018

    Date: Thursday, December 28th, 2017

    There are many prosperous residents of Hartford, Connecticut, but there are others facing financial challenges in 2018. The latter set would do well to make a set of financial resolutions to improve their debt management and related financial planning for the new year. One of those can be looking at how vulnerable you are to […]

  • Banruptcy should be looked at by those with debt

    Date: Thursday, December 14th, 2017

    Many residents of Hartford, Connecticut, are prospering, with plenty of money coming in and the ability to spend on anything they want. For others, however, there is a mismatch between income and expenditures, with the latter outpacing the former to the point of accumulating a lot of debt. That can happen for many reasons, such […]

  • Consumers should learn about debt management

    Date: Friday, December 1st, 2017

    The Hartford, Connecticut, area has consumers at the full range of income levels, from super-rich, to middle-class, to working poor. All of those consumers may run into credit problems from time to time, whether due to excessive spending or insufficient earning. When that happens, it is important for the consumers to know how long they […]

  • How do you start to get your debt under control?

    Date: Friday, November 17th, 2017

    Most people have two major financial goals: get out of debt and have a savings. For many, debt is the bigger priority because they can’t even begin to start a savings account until they have some debt paid down. Three good ways to view your individual debts There are several different ways of looking at […]

  • Chapter 11 bankruptcy and your reorganization plan

    Date: Friday, November 3rd, 2017

    Chapter 11 bankruptcy is a process of debt reorganization primarily intended for businesses that are underwater with debt problems. Usually corporations are the ones that file for Chapter 11, but small businesses might file for it as well. Individuals might also file for Chapter 11 in limited circumstances. Although the Chapter 11 process can take […]

  • Are you doomed to life without a credit card after bankruptcy?

    Date: Friday, October 20th, 2017

    One of the features of bankruptcy that tends to paralyze consumers into nonaction is the loss of their credit cards — even though they may be mostly or totally maxed out. Fortunately, bankruptcy doesn’t mean giving up all credit forever. Consider the following tips — but talk to your attorney before you act to get […]

  • What should be looked at when considering personal bankruptcy?

    Date: Wednesday, September 20th, 2017

    Many people, including those in Hartford, Connecticut, seriously consider personal bankruptcy as an option. While viewed by some as a drastic measure, it can be right for some people in some cases. To know if bankruptcy is right for you, you should ask yourself some questions. Is there a different way that you can get […]

  • Debt relief should be pursued carefully

    Date: Thursday, September 7th, 2017

    Residents of Hartford, Connecticut, have varying levels of debt. They may have incurred that in order to start or expand a business, to build a home, for purely personal reasons or unintentionally by overspending. However, they got the debt, many now seek debt relief. To that end, they may look at debt settlement. Those who do […]

  • Bankruptcy can be emerged from

    Date: Thursday, August 24th, 2017

    Many Hartford, Connecticut, businesses are prospering. However, for others, business & commercial bankruptcy options are something worth discussing with an experienced attorney. Bankruptcy is something that has affected businesses nationwide, including in the retail sector. Payless ShoeSource is an example of a retail company that went into bankruptcy but is now set to emerge from […]

  • Managing money includes dealing with debts

    Date: Friday, August 11th, 2017

    Most people nationwide, including those in Hartford, Connecticut, deal with debts of some kind from time to time. Correspondingly, most people can gain value from good debt management practices. That includes controlling credit card debt. One tip is to keep careful track of your income and your expenses. Credit cards should not be used casually, as […]

  • How at risk of foreclosure are Connecticut homeowners?

    Date: Friday, July 28th, 2017

    As warm weather has swept across the nation this summer, good news has begun to shine through when it comes to the rate of foreclosures in some of states that were hit hardest during the financial collapse in 2008 and 2009. Among the states that were most impacted by the recent foreclosure crisis, Connecticut was […]

  • Financial advice for those facing debt

    Date: Wednesday, July 12th, 2017

    Debt is stressful, it can impact all areas of your life and it often feels overwhelming. If you’ve been dealing with it, you know that it’s important not only to know what to do about the debt that you have, but also to understand how you can prevent future debt. Below are a few different […]

  • Why timing is everything with a bankruptcy during divorce

    Date: Tuesday, July 4th, 2017

    his article looks at why it is important to have a timeline when filing for both divorce and bankruptcy. Both bankruptcy and divorce are stressful events to have to go through and having to contend with both at the same time can seem downright impossible. However, there is a strong correlation between divorce and bankruptcy, […]

  • Things that tend to happen before corporate bankruptcy

    Date: Wednesday, June 28th, 2017

    As the owner of a company, you’re hoping to put bankruptcy off and stay afloat. Before deciding that it’s actually in your best interests to declare bankruptcy, there are a few things you may try, options other owners just like yourself often turn to as they search for answers. First of all, you may grow […]

  • Can you discharge student loan debt in bankruptcy?

    Date: Friday, May 19th, 2017

    Some people assume incorrectly that you can discharge any debt you have in bankruptcy. Others strongly believe that student loan debt is exempt and can never be discharged, even with a successful bankruptcy filing for other types of debt. Which is true? The reality is somewhere in the middle. One study did find that most […]

  • Even good debt can be bad

    Date: Tuesday, May 2nd, 2017

    People often consider two main types of debt, known as good and bad debt. One general rule of thumb is that debt is good if it’s the type that nets you a tax deduction. For example, running up $10,000 of debt on a credit card is bad debt. It’s something you simply owe with no […]

  • One sudden change can lead to bankruptcy

    Date: Thursday, March 23rd, 2017

    People sometimes think that bankruptcy must stem from a series of bad choices, as if all people who go bankrupt have spent years missing car payments, taking out loans they can’t afford, and not doing anything to manage the income they do have. The negative stigma is unfair. While these things can and do lead […]

  • Typical prohibited debt collector practices

    Date: Monday, March 20th, 2017

    If you have debt, you may have experienced how annoying debt collectors can be. Because they hold a lot of power, they often think they can get away with irritating and abusive behavior. But, you still have rights even when in debt. Below are some of the usual ways in which creditors take advantage of […]

  • Tips to reduce the stress of debt

    Date: Sunday, March 19th, 2017

    Debt is one of the biggest things that causes stress, meaning those who know they have debt hanging over their heads may always have it in the backs of their minds. This isn’t a healthy way to live, but there are some things that you can do to reduce that stress. First off, some experts […]

  • What can I do to stem my debt after losing my job?

    Date: Sunday, March 19th, 2017

    The loss of a job can bring a variety of challenges and stresses. Of course, your primary concern is getting back into the workforce as soon as possible. But in the meanwhile, you will likely need to take some proactive steps to minimize your debt until things turn around for you. For example, one of […]

  • What debt collectors can and can’t do

    Date: Wednesday, March 8th, 2017

    No one goes into debt with the intention of never paying it back, but sometimes life intervenes. An unexpected illness or job loss can make it difficult to keep up with bills, and once you fall behind, it can feel like an exercise in futility trying to catch up. On top of that stress, you […]

  • Struggling households increasingly turn to credit cards

    Date: Wednesday, March 1st, 2017

    With interest rates set to rise, credit card debt is about to become a lot less manageable for many households. Credit card debt levels are skyrocketing to levels not seen since prior to the 2008 Financial Crisis. As CNN reports, the average household is now carrying $15,654 in credit card debt. What is even more […]

  • Obtaining relief from overwhelming medical bills

    Date: Tuesday, February 21st, 2017

    According to the World Health Organization, Americans spend more per capita on health care than any other nation, roughly 10 times the global average. Health care spending in the U.S. rose 5.8 percent in 2015 to $3.2 trillion – or an average of $9,980 per person. Given these alarming statistics, it is no wonder millions […]