HARTFORD COUNTY REAL ESTATE & BANKRUPTCY ATTORNEY FAQS
Frequently Asked Questions
Yes! At the Jonathan G. Cohen Law Firm, your initial consultation is always free.
Yes! Connecticut is one of few states that allow debtors the option of choosing between state and federal bankruptcy exemptions. Keep in mind, however, that you may not choose both.
Connecticut’s homestead exemption protects equity — albeit up to a certain amount — in property that serves as your primary residence.
You may exempt appliances, clothing, furniture, health aids, residential security deposits and wedding and/or engagement rings, among others.
You may exempt a certain amount of equity in your car.
Yes! Call our experienced bankruptcy attorney at (860) 527-8900 to learn more about Connecticut’s “wildcard” exemption.
Does the state of Connecticut offer any protections for foreclosures involving unusually expensive mortgages?
No, though homeowners who are underemployed or unemployed may seek protection from foreclosure and/or modification of mortgage terms.
Unfortunately, when a lender forecloses on a home, the total debt owed by the borrower often exceeds the final sale price. The difference between the sale price and the outstanding amount of debt is called a “deficiency.”