Does the Jonathan G. Cohen Law Firm offer free consultations?
Yes! At the Jonathan G. Cohen Law Firm, your initial consultation is always free.
What’s the deal with credit counseling?
Before you can qualify for Chapter 7 or Chapter 13 bankruptcy relief, you must demonstrate that you received credit counseling from an agency approved by the U.S. Trustee in Connecticut within six months prior to filing.
What does the means test look like in Connecticut?
If you decide to file for bankruptcy in the state of Connecticut, you’ll be required to compare your income to the median income for a household of your size. If your income is less than the median, you’ll be eligible to file for Chapter 7 bankruptcy.
Can I choose between state and federal exemptions?
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.
What does Connecticut’s homestead exemption protect?
Connecticut’s homestead exemption protects equity — albeit up to a certain amount — in property that serves as your primary residence.
Which types of personal property may I exempt?
You may exempt appliances, clothing, furniture, health aids, residential security deposits and wedding and/or engagement rings, among others.
Can I exempt my car?
You may exempt a certain amount of equity in your car.
Does the state of Connecticut offer a “wildcard” exemption?
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.
What is a “deficiency” after foreclosure?
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.”