Chapter 13 Bankruptcy

Trusted Legal Guidance For Hartford Residents Seeking Chapter 13 Bankruptcy Relief

Chapter 13 bankruptcy allows you to consolidate your unsecured debts and slowly repay them over a period of three to five years. It is an alternative form of bankruptcy designed for those who do not qualify for Chapter 7 bankruptcy, and for those who wish to protect their non-exempt assets from the liquidation process. Filing for Chapter 13 bankruptcy relief will immediately stop unwanted phone calls and letters from creditors and collection agencies. It will also prevent your mortgage lender from foreclosing on your home. As an experienced bankruptcy attorney, I can help you understand your options so that you can make an informed decision that allows you to achieve the fresh start you need.

Eligibility Requirements

If you wish to qualify for Chapter 13 bankruptcy relief, you must prove that you have a regular source of income, either through steady employment or through the operation of a business, and that income must cover the cost of a court-approved repayment plan. Bankruptcy law in the state of Connecticut can be incredibly complicated, so you may be denied if your secured or unsecured debt limit exceeds a certain value. Please contact my office to better understand the intricacies of Connecticut bankruptcy law so that we can determine the best path forward for your situation.

Reasons to File for Chapter 13 Bankruptcy

There are many reasons why you many want to consider filing for Chapter 13 bankruptcy, not the least of which is whether or not you are ineligible for Chapter 7 bankruptcy relief. You may also want to file for Chapter 13 if you want to prevent your home from being foreclosed upon and your car from being repossessed, or if you’d simply like to maintain possession of your non-exempt assets. Chapter 13 bankruptcy relief is also beneficial if multiple debtors are involved. For more information about whether Chapter 13 bankruptcy is right for you, contact my office to arrange a free consultation today.