Learn the difference between secured and unsecured debts from a qualified Connecticut bankruptcy attorney
Because there are different categories of debt - you may need a qualified Connecticut bankruptcy attorney to determine under which Chapter of the Bankruptcy Code you should file. A sponsoring Connecticut bankruptcy attorney of Total Bankruptcy may be able to give you the essential advice you need to make an informed decision.
When a qualified Connecticut bankruptcy attorney of Total Bankruptcy studies your specific case, he may be able to determine what proceeding should work best for you. If you have secured debts, you should file a Chapter 13. A secured debt is one in which the creditor retains an interest in some of the debtor's property until the debt is paid. Secured debts get paid off before the non-secured debts. Unsecured debts are the last type of debt to be paid off. These debts may end up being discharged if the debtor does not have enough assets to pay them. If most of your debts are unsecured, a qualified Connecticut bankruptcy attorney may recommend that you file under Chapter 7.
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Avon
Rt. 10 111 Simsbury Road Avon, CT 06001 Map | Directions | Case Evaluation |
Berlin
Mill Crossing Office Park 1224 Mill Street Berlin, CT 06023 Map | Directions | Case Evaluation |
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Bridgeport
135 Elm Street Bridgeport, CT 06604 Map | Directions | Case Evaluation |
Farmington
406 Farmington Ave. Farmington, CT 06031 Map | Directions | Case Evaluation |
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Hartford
100 Pearl Street 14th Floor Hartford, CT 06103 Map | Directions | Case Evaluation |
Hartford
67 Russ Street Hartford, CT 06106 Map | Directions | Case Evaluation |
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New London
216 Broad Street New London, CT 06320 Map | Directions | Case Evaluation |
Newington
47 East Cedar St. Newington, CT 06111 Map | Directions | Case Evaluation |
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Orange
236 Boston Post Rd Orange, CT 06477 Map | Directions | Case Evaluation |
West Hartford
61 South Main Street Suite 310 West Hartford, CT 06107 Map | Directions | Case Evaluation |
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The right information that may help you make an informed decision.
Total Bankruptcy helps provide you with solid information on discharging and consolidating debts. We also provide access to a sponsoring lawyer with the experience that should help you get out of debt. Our mission is to help you get informed about your rights and your legal representation so you may be able to make an intelligent decision about resolving your financial difficulties.
We may be an essential resource throughout the process. Call our toll-free hotline and talk to one of our sponsoring lawyers. Or if you prefer, you may set up an appointment using our easy, confidential and secure online evaluation form.
Chapter 7 and Chapter 13 filings
In a Chapter 7 the trustee may be able to liquidate all nonexempt assets, although many debtors have so little nonexempt property that there may be very little left to liquidate. At the conclusion of the Chapter 7, the debtor may be freed from many debts, except for student loans, taxes, alimony and child support.
In a Chapter 13 the debtor should propose a repayment plan, which should extend for up to five years. Chapter 13 debtors may retain their property as long as they are able to make their monthly payments on time. Chapter 13 debtors may also be still liable in full for student loans, taxes, alimony and child support and should make payments on secured loans including home mortgages and car loans or then forfeit the collateral.
Bankruptcy laws make filing difficult.
It may be difficult for debtors to discharge their debts. The laws may make it hard for consumers to wipe out unsecured debts and require all debtors to receive and pay for credit counseling. Before any debts may be discharged, the court is required to apply a strict "Means Test" to make sure people with the means repay some of their debts. So if you are in debt and think you might be eligible to file for some sort of debt consolidation, call (877) 349-1309 today.
Call our toll-free hotline at (877) 349-1309 or fill out our free confidential online evaluation form.
Click Here For a Free Bankruptcy Evaluation
The purpose of this web site is to help you learn everything you need to know about bankruptcy, the process, your bankruptcy attorney and your legal rights. The best place to start is with the U.S. Bankruptcy Code. It delivers protection to people in financial jeopardy who are suffering under mountains of debt. Bankruptcy is your legal right.