Merchants Bank decision and whether it changes the options that Connecticut homeowners have in bankruptcy court. (In re Canney, F.3d ) Useful Websites: A pproved D ebtor Ed ucation P roviders (U.S. Department of Justice) Connecticut Bankruptcy (karacto.xyz). New London, CT Real Estate, Personal Injury, Criminal Law & Bankruptcy Law | | [email protected] Jun 17, · Court: Second Circuit › Connecticut › US District Court for the District of Connecticut Type: Bankruptcy › Bankruptcy Appeal () Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts.
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I endorse this lawyer. You will enjoy working with Suzann. The second answer is: People are leaving. It's rare for any state to actually shrink, but Connecticut's population has been falling for three straight years. Meanwhile, only Michigan, Ohio, and Mississippi had slower job growth than Connecticut did over the last two decades, according to Jed Kolko, the chief economist at Indeed, a job site. Although Connecticut is one of the most reliably blue states in the country, liberals regard it as a microcosm of the national scourge of inequality.
In the five years after the financial crisis, the incomes of the top 1 percent in Connecticut grew 17 percent, while the incomes of everyone else dropped about 2 percent, according to my colleague Alana Semuels. The so-called Gold Coast in southwest Connecticut is one of the richest places in the world.
The richest 0. This 0. This is a problem, because the investment income of financiers is volatile. Capital Gains Red Lines. The typical resident pays both hefty state income taxes among the 10 highest in the country and high local property taxes the third-highest. UBS has moved to Manhattan. GE has moved to Boston. Leaving Connecticut because of the high taxes and relocating to Boston is like leaving Connecticut because of the cold winters and moving to… well, Boston.
Connecticut was not always a bastion of high finance. Like the U. But the finance sector took off in the s and s, feeding on the migration of corporate offices from Boston and a bankrupt New York City. Even today, in Fairfield County, 15 percent of residents work in Manhattan, according to a state tax study.
Connecticut was a manufacturing state, which became a finance hub, which is now bleeding both manufacturing and finance, as bankers have moved to New York or shut down their operations in the wake of the Great Recession. Yet it remains a high-tax state. The rise and fall of Connecticut fits into the story of American cities. In the s, American metros were suffering a terrible crime wave, and New York was dropping dead. Renn, a senior fellow at the Manhattan Institute. But now many of those companies are moving back, lured by newly lower-crime cities and the hip urban neighborhoods where the most educated young workers increasingly want to live.
Finally, the hottest trend in American migration today is south, west, and cheap—that is, far away from Connecticut, both geographically and economically. Texas is growing rapidly, and seven of the 10 fastest-growing large metropolitan areas in were in the Carolinas and Florida.