Debt Relief for Connecticut Consumers and Small Businesses

Many Connecticut consumers incorrectly believe that they cannot get debt relief through bankruptcy since the new federal bankruptcy code went into effect in October 2005. Here at Kratter & Gustafson, we know that bankruptcy is an option for qualified individuals and small businesses.

Attorney Mark Kratter understands that you need to get out of debt with as little damage as possible. He has more than 15 years of experience helping consumers and small businesses file for bankruptcy, stop foreclosure, eliminate debt and get a new start.

• Eliminate Credit Card Debt
• Eliminate Medical Bills
• Stop Foreclosures
• Stop Wage Garnishments
• Stop Telephone Harassment
• Stop Lawsuits
• Stop Collection Attempts
• Save Your Home
• Save Your Car
• Save Your Business

Contact us for a free initial phone consultation about the pros and cons of filing bankruptcy, including:

Chapter 7 Bankruptcy:

If you are you unable to pay your bills, you may be able to get out from under the burden of debt by filing Chapter 7 bankruptcy.

When you file Chapter 7 bankruptcy, all qualifying debt is discharged. This provides individuals with a fresh start and can also be used by businesses that wish to liquidate and terminate their business quickly.

Chapter 13 Bankruptcy:

If you have a job and income but circumstances have made it impossible to pay all of your debts, it may be time to work out a Chapter 13 bankruptcy plan for debt reorganization.

Chapter 13 bankruptcy is designed to help individuals with regular income who want to pay their debts but are currently unable to do so. In Chapter 13, under court supervision and protection, the debtor proposes and carries out a repayment plan under which debts are paid, in full or in part, over a three- to five-year period. You will generally be able to keep your house, car and other belongings.

Once Chapter 13 has been filed, creditors may not start or continue collection efforts.

Chapter 11 Bankruptcy:

Is your small business overwhelmed with unsecured debt?

Chapter 11 bankruptcy is used by small businesses to reorganize their finances and reduce debt. In a Chapter 11, unsecured debt can be renegotiated or eliminated, while assets can be preserved to allow the business to resume operations from a better position.

If you would like to speak with an experienced Connecticut bankruptcy lawyer, contact our Norwalk law firm today.