You will often hear that “bankruptcy is bad”, or that “bankruptcy is a forever mistake”. It is likely that the people who say bankruptcy is bad don’t understand the process. Each bankruptcy case is a little different, and people chose bankruptcy for many different reasons, most of which are beyond their control. Certainly, filing bankruptcy is not something to take lightly, but Congress created the bankruptcy law to help people get a fresh start on their finances. Medical bills are often cited as causing a large percentage of bankruptcies. For many people, unexpectedly losing a job puts them into a financial tailspin.…

Sam Calvert, Attorney at Law wishes you and your family a wonderful Holiday Season, and a happy, healthy, and peaceful New Year 2019!

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Now we have a new reason to be concerned about parents helping their adult children when the parents have to file bankruptcy later. In a recent case in Connecticut, a bankruptcy trustee sued a college to get back about $21,000.00 the college had been paid by the parents of a student.