Talk To a Hartford Bankruptcy Lawyer to See How May be Able to Get a Fresh Start
You may have had unexpected medical expenses or financial losses, you may have had a temporary job loss, or you may just be tired of dealing with nasty phone calls. Speaking with a Hartford bankruptcy lawyer could start you down the path to a fresh start. To make intelligent decisions about your finances, you need complete and accurate information. A Hartford bankruptcy lawyer can explain how bankruptcy works and how it affects your financial future.
If you're afraid you'll lose your car, your home, or even the tools you use to make a living, don't wait. A Hartford bankruptcy lawyer may have the answers you need.
Chapter 7 Bankruptcy and Chapter 13 Bankruptcy Offer Very Different Protections
Chapter 7 bankruptcy is the liquidation that most people think of as personal bankruptcy. Under a Chapter 7 bankruptcy, the bankruptcy trustee liquidates (sells) your non-exempt property and discharges your remaining debts, to the extent allowable by bankruptcy law. Property that is exempt from sale generally includes clothing, furniture, work related tools, etc., to a limited value. Most Chapter 7 bankruptcy filers have little, if any, non-exempt property, so there is usually no liquidation. Debts that cannot be discharged include alimony, child-support, back taxes, and student loans. In a Chapter 7 bankruptcy, a creditor may demand that a debtor must either reaffirm (agree to pay) secured debts or surrender the property securing the debt.
A Chapter 13 bankruptcy, on the other hand, is a plan. Your Chapter 13 bankruptcy plan allows you to make regular payments on some secured debts while retaining the associated property. The bankruptcy trustee works with you and your creditors to create a plan based on your income, living expenses, and debts that may allow you to keep your home, car, or other property crucial to your livelihood while discharging your non-secured debts. Many people who have suffered a temporary financial upheaval, but have regular income, find Chapter 13 bankruptcy to be the right solution.
Speak With a Hartford Bankruptcy Lawyer Before You Make Any Decisions
You can talk to a Hartford bankruptcy lawyer without obligation. We at Total Bankruptcy understand the stress you're under and that you need accurate information before you make a decision about bankruptcy. That's why Connecticut bankruptcy attorneys who sponsor Total Bankruptcy offer free, no obligation, consultations. Take this opportunity to educate yourself about bankruptcy before your creditors force you into making decisions that may not be right for your financial future.
Just call us toll free at 1 (877) 349-1309 or fill in the online evaluation form to schedule a free consultation with a Hartford bankruptcy lawyer today.