Connecticut Bankruptcy Lawyers
Learn Your Bankruptcy Options with a Connecticut Attorney.
Dealing with too much debt can be a troubling, stressful process. Many factors can make modest, manageable debt simply unbearable: job loss, medical emergency, divorce and more.
If you're wondering how you can make ends meet, the time to talk to a bankruptcy attorney is now. A Connecticut bankruptcy attorney can explain how bankruptcy laws may help you eliminate debt without sacrificing your most valuable assets.
Get help today. Simply fill out the free bankruptcy review form below or call 877-833-2410 to connect with a lawyer for a free, no-obligation bankruptcy consultation.
Chapter 7 Bankruptcy in Connecticut
Chapter 7 bankruptcy, or straight bankruptcy, is by far the most common type of bankruptcy in Connecticut. With a Chapter 7 bankruptcy, filers can typically wipe out credit card debt, medical bills, personal loans and other unsecured debts.
Qualifying for filing Chapter 7 involves a means test, which compares your household income to Connecticut's median income for your household size.
While the means test was established to make it more difficult to receive a debt discharge under Chapter 7, the good news is that most people who truly need to file Chapter 7 bankruptcy earn much less than Connecticut's median income levels.
Chapter 7 works by a process called liquidation, in which certain assets may be sold by the bankruptcy court to repay creditors. However, not all assets are up for grabs. Connecticut laws allow for certain exemptions to be kept from creditors. These include:
- Real property valued up to $75,000.
- Up to 75% of disposable income.
- One automobile wroth up to $3,500.
- 100% of necessary clothing, furniture, appliances and wedding jewelry.
To learn more about Chapter 7 exemptions and qualifying for Chapter 7 bankruptcy in Connecticut, speak with a local bankruptcy attorney.
Chapter 13 Bankruptcy in Connecticut
Chapter 13 bankruptcy is designed to help those facing home foreclosure or repossession catch up on past due payments and keep control of their assets.
Chapter 13 bankruptcy, also known as a wage-earner's bankruptcy, is also an option for those who cannot file for Chapter 7 due to the means test.
In a Chapter 13 case, the bankruptcy court helps you create a workable repayment plan that lasts three to five years. In this reorganization of debts, secured debts like mortgages and auto loans are given priority, while unsecured debts may be reduced or eliminated, based on your court-approved plan.
Get a Bankruptcy Evaluation with a Connecticut Bankruptcy Lawyer
U.S. bankruptcy laws are designed to give you a second chance. Learn about your rights under personal bankruptcy with help from a Connecticut bankruptcy attorney.
Take the next step today. Simply fill out our free case review form below or call 877-833-2410 to get a free, no-obligation consultation from a Connecticut attorney.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.