Submitting a bankruptcy petition to a Connecticut judge may enable you to eliminate some or all of your outstanding debts. It may also enable you to put a stop to wage garnishments or other creditor collection efforts. However, seeking protection from creditors may...
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Bankruptcy
When does filing for bankruptcy make sense?
No one wants to be in a position where they need to file for bankruptcy. However, citizens of Connecticut should know that there are some benefits to it. The main goal is to get a chance to reorganize your finances and get back on your feet. As you do so, you can also...
Connecticut retirement plans and bankruptcy
Filing for bankruptcy may be an effective way of eliminating or reducing your current debt load. In some cases, you'll be able to keep property such as a Connecticut home or car. In addition, there is a good chance that you'll retain your 401(k), IRA or other...
What to know about business bankruptcy
If your Connecticut business is experiencing financial difficulties, bankruptcy may be an effective tool to help it overcome them. Alternatively, it may provide a path to dissolving the company in a timely and relatively amicable manner. The type of proceeding that...
Bankruptcy and credit scores
Excessive debt might leave people worrying about their finances, so they look to bankruptcy courts for protection. However, some Connecticut residents might worry about bankruptcy proceedings’ effect on their credit scores. A credit report will reveal whether someone...
Reducing the cost of a Chapter 7 filing
For people in Connecticut who are struggling to keep up with bills or who can't afford to pay them at all, bankruptcy might provide relief. It's not an easy decision, and one common irony in the situation is that many people struggle to afford to pay for their...
Car ownership and Chapter 7
Chapter 7 bankruptcy might be the only legal process for debtors to address obligations they cannot repay. When liabilities exceed income and assets by a considerable margin, filing for bankruptcy in a Connecticut federal court might be the only option. Chapter 7...
Bankruptcy may help you keep your home
Personal bankruptcy is a legal process that allows people to get out of debt. When you file for bankruptcy in Connecticut, a bankruptcy proceeding will be opened. The purpose of the proceeding is to determine whether you can keep your property or whether it will be...
