Bankruptcy
CONNECTICUT BANKRUPTCY LAWYER
We help individuals with debt relief, by filing for Chapter 7 and Chapter 13 bankruptcy.
* Chapter 7 is the typical "straight" bankruptcy. Chapter 7 eliminates unsecured debts such as civil judgments, credit card bills , and medical bills. Chapter 7 typically wipes out the majority of debts. Chapter 7 can discharge some types of taxes.
* Chapter 13 is a plan, for you to pay the bills back over time, including late payments on a mortgage. Chapter 13 immediately stops foreclosure of your home and repossession of your vehicles.
Under the new law, you may have to file Chapter 13 bankruptcy, rather than Chapter 7, in order to get a discharge of unsecured debts.
There are several common causes which lead to filing bankruptcy including :
a. Wage garnishment, following a judgment in a lawsuit
b. House foreclosure
c. Too much credit card debt
d. Medical Bills
With either Chapter 7 or 13, bankruptcy laws give protection to certain exempt property. Typically, your home and vehicles are exempt property, which you may keep, even if you file for bankruptcy protection.
Federal law requires the following disclosure: We may be considered a "debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code."