BANKRUPTCY LAWYER SERVING NEW CANAAN, CT
If you're finding it hard to make your monthly credit card, mortgage, auto loan, medical bill, and other payments on time each month, you are not alone. Recent economic troubles have left many New Canaan residents struggling to make ends meet. Filing for personal bankruptcy can be an effective tool for putting a stop to foreclosure, ending creditor harassment, and getting you back on track to your future financial goals.
At The Law Offices of Mark M. Kratter, LLC, we help clients in New Canaan find debt relief through personal bankruptcy. We offer flexible appointment scheduling and free initial consultations, so it costs you nothing to review your options with an experienced bankruptcy lawyer.
Personal bankruptcy in Connecticut
When you file for personal bankruptcy, the court will issue what is called an automatic stay. While the automatic stay is in place, your creditors can take no collection actions against you. This includes repossession of your car or foreclosure on your home, as well as phone calls and letters attempting to collect on your debts.
Chapter 13 and Chapter 7 bankruptcy
Two of the most common forms of personal bankruptcy in Connecticut are Chapter 7 and Chapter 13 bankruptcy. Your bankruptcy attorney can help you determine which is right for your situation, and which you qualify for.
Under Chapter 7 bankruptcy, your non-exempt assets may be liquidated to pay off your creditors, with the remainder of your eligible debts being discharged once your bankruptcy is complete. Many assets, such as your primary residence, are exempt, meaning you can't be forced to sell them as part of your bankruptcy filing.
In Chapter 13 bankruptcy, you'll develop a repayment plan with your creditors that will likely be much more manageable than what you owe each month now. Upon successfully completing your repayment plan, any remaining eligible debts will be discharged.
Whether you are filing for Chapter 13 or Chapter 7 bankruptcy in New Canaan, CT, The Law Offices of Mark M. Kratter, LLC, can assist you through every stage of the process, acting as your representatives to the bankruptcy court and your creditors, and fighting for a favorable outcome tailored to your financial situation.
Contact us today for a free consultation
To schedule an appointment with The Law Offices of Mark M. Kratter, LLC, call us today at 203-678-8135. We are ready to put our years of experience to work for you.
