EASTON, CT BANKRUPTCY LAWYER
The thought of filing for bankruptcy can be daunting, but a skilled Connecticut bankruptcy attorney can help make the process as painless as possible. Serving Easton, Connecticut, The Law Offices of Mark M. Kratter help clients obtain relief from their debts, stop foreclosure, and reboot their finances. We offer flexible appointment scheduling options and free initial consultations, so you have nothing to lose by consulting a knowledgeable Easton bankruptcy attorney about your financial situation.
Is the bank threatening to foreclose on your home or repossess your car? Are you tired of harassing phone calls and e-mails from your creditors? Are you finding it hard to stay on top of your monthly credit card, medical bill, mortgage, auto loan, and other debt payments? If so, filing for personal bankruptcy can offer you a fresh start and a chance to get back on track toward a healthy financial future.
Personal bankruptcy in the State of Connecticut
When you file for personal bankruptcy, you'll work with your bankruptcy lawyer to determine which form of personal bankruptcy is right for your situation. Two of the most common forms of personal bankruptcy in Connecticut are Chapter 13 and Chapter 7 bankruptcy.
Under Chapter 7 bankruptcy, you'll determine which of your assets are exempt and which are non-exempt. Non-exempt assets can be liquidated as part of your Chapter 7 filing to repay your debts, usually at a greatly reduced amount. Exempt assets, such as your primary residence, can be excluded from the Chapter 7 filing, meaning you can't be forced to sell them as part of your bankruptcy.
In Chapter 13 bankruptcy, you and your bankruptcy attorney will develop a repayment plan tailored to your unique financial situation. When you've satisfied the terms of your repayment plan, any remaining eligible debts will be discharged, and you will no longer owe that money to your creditors.
Stopping foreclosure through bankruptcy
Whether you file for Chapter 7 or Chapter 13 bankruptcy, the Connecticut bankruptcy court will issue an automatic stay. While the automatic stay is in place, your creditors are prohibited from taking collection actions against you. This includes foreclosure and repossession, buying you valuable time to establish a game plan for keeping your home.
Contact us today for a free consultation
If you live in Easton, CT and are having trouble making ends meet, contact The Law Offices of Mark M. Kratter, LLC. We'll help you make an informed decision about whether personal bankruptcy is right for you. Call us today at 203-678-8135.
