Bankruptcy Attorney Connecticut

Bankruptcy Attorney Connecticut

If you are thinking about filing for bankruptcy, you should speak to a bankruptcy attorney Connecticut residents trust. Bankruptcy is a complex process, so it’s important to have someone with knowledge and experience on your side. Here are some of the benefits of hiring a bankruptcy attorney.

Improve the Chances of a Successful Outcome

At first, it might seem like there’s nothing to filing for bankruptcy. All you have to do is fill out a few forms and your bankruptcy is granted, right? While it would be nice if bankruptcy was that simple, it doesn’t work that way. Bankruptcy involves a lot of complex legal terminology that the average person might not understand. If you make just one error on the paperwork, your case could get denied. On the other hand, if you hire a skilled bankruptcy lawyer, he or she will assist you through the entire process and improve your chances of getting a successful outcome.

Prevent Creditors from Harassing You

If you are behind on your bills, you likely have creditors calling you multiple times a day demanding money. After a while, this can wear you down and make you feel even more stressed out. If you hire a bankruptcy lawyer to represent you in your bankruptcy case, these creditors have to stop calling you. If they still try to contact you, let your lawyer know right away.

Reduce Stress

As mentioned above, bankruptcy can be a very complex and confusing process. Even if you have a successful outcome, it will be a very tiring and stressful process if you go at it alone. If you work with an experienced bankruptcy attorney in Connecticut, he or she will do most of the legwork for you and take a lot of stress off your back.

Represent You in Court

When you file for bankruptcy, you will have to go to court. It can be incredibly intimidating to answer the bankruptcy judge’s questions if you are by yourself. You might get nervous and accidentally say the wrong thing. If you have a skilled lawyer on your side, you will feel much more confident in the courtroom.

Save You Money

When you are having financial troubles and considering filing for bankruptcy, the cost of hiring a bankruptcy lawyer might seem daunting. While a bankruptcy lawyer may seem like a big expense, the cost will be well worth it in the end. You will likely come out with a much better outcome and may end up saving more money.

Ask These Questions Before Filing for Bankruptcy

If life circumstances have forced you to consider bankruptcy, you are not alone. While it is an unwelcome circumstance, it is one that happens to many Americans every year. You don’t have to embark on this journey alone though. Talking to a bankruptcy attorney in Connecticut can assess your situation, answer your questions, and advise you on how to proceed. Everyone’s circumstances are different and there are many factors to consider. Here are some questions you should be asking. 

Do You Qualify

There are two types of bankruptcies that are available to individuals and small businesses. These are called Chapter 7, and Chapter 13. Chapter 7 bankruptcy carries with it an income-based means test. Alternatively, Chapter 13 bankruptcy sets a limit on the amount of unsecured debt you have. Your eligibility for both may be impacted if this is not your first time filing for bankruptcy. If you are ever unclear about whether or not you qualify, an experienced bankruptcy attorney in Connecticut from the Law Offices of Ronald I. Chorches can help you parse through the information. 

Which Filing Status Suits You 

Assuming you qualify for both Chapter 7 and Chapter 13, you now must determine which status best suits your needs. Remember, the purpose of bankruptcy is to get creditors off your back and give yourself a fresh start. If you go with Chapter 7, you will be expected to liquidate non-exempt assets as part of your agreement. When you sit down with a bankruptcy attorney in Connecticut, they will be able to advise you on the feasibility of this option. Chapter 13 will require you to comply with a repayment plan that is supervised by the court. Once you’ve decided on the best course of action, the Law Offices of Ronald I. Chorches will be more than happy to help you with the filing process. They’ll also be there for any meetings you have with the court-appointed trustees.

Act Now 

Acting quickly will allow you to regain your financial future that much sooner. Deciding to file for bankruptcy is certainly an emotional decision, but it does not have to be a lonely one. The Offices of Ronald I. Coaches can serve as advisers, advocates, and representatives along this journey. They’ll be able to assist you with both procedural and administrative tasks so that you have the time and freedom to focus on regaining your peace of mind. 

If you want to file for bankruptcy, schedule a consultation with a bankruptcy attorney in Connecticut as soon as possible. Contact Law Offices of Ronald I. Chores today for a case review.

Ask These Questions Before Filing For Bankruptcy

Bankruptcy cases in the United States come in three types: Chapter 7, Chapter 11, and Chapter 13. While each bankruptcy category comes with its own pros and cons, an experienced bankruptcy attorney in Connecticut will be able to handle them all. The Law Offices of Ronald I. Chorches offers years of invaluable experience in litigating bankruptcy cases. They are in a position to provide guidance, assist with filing, and represent you before trustees. No matter the situation, a bankruptcy attorney is a great asset should you need to file. Before your consultation, here are some things to consider. 

Individual or Organization

To determine your eligibility for a bankruptcy settlement, you need to understand who can file. If you are filing as an individual or head of household, you can file for Chapter 7 or Chapter 13. If you are filing as or on behalf of a business you are eligible for Chapter 7 and Chapter 11. The primary distinction between the three plans comes down to liquidation and reorganization. An assessment of your financial situation and a consultation with a bankruptcy attorney in Connecticut will help you choose the best route for you.

Reorganization of Liquidation

The Law Offices of Ronald I. Chorches can help you decide whether liquidation or reorganization is best for you. If you opt for Chapter 7 liquidation, you will be required to sell assets in order to fulfill your obligation to your creditors. This is typically a faster resolution, but it comes with the loss of personal or company property. Conversely, Chapter 11 and Chapter 13 are both reorganization plans. While these methods allow you to the main possession of your assets, they take longer to resolve and put you under the supervision of the court for the duration of your bankruptcy process.

Income and Debt Categories 

Determining eligibility via debt and income might be the most challenging part of the bankruptcy filing process. For Chapter 7 filers must demonstrate an income that is below the Connecticut state median. While Chapter 11 bankruptcies carry far fewer restrictions, Chapter 13 bankruptcies set limits on the amount of secured and unsecured debt that you or your organization can carry. 

With so many things to consider, it is highly advantageous to have an advocate in your corner. The Law Offices of Ronald I. Chorches are a proven choice for a bankruptcy attorney in Connecticut. Contacting them today is a great first step in restructuring your finances. 

How To Choose a Bankruptcy Attorney

When the time comes to retain a bankruptcy attorney in Connecticut, you want to make sure you’ve hired a good one. There are a few basic things you can look for to make sure your attorney has the right stuff.

Find a Specialist

There are general practice lawyers who are good at many different things. However, when it comes to your money, your assets, and your bankruptcy filing, you really want a specialist. An attorney who does bankruptcy law day in and day out will be up to date on the latest legal developments.

You can also look for attorneys who are members of the National Association of Consumer Bankruptcy Attorneys. This indicates a certain level of commitment and professionalism.

Find an Attorney with Local Expertise

If you’re filing in Connecticut, you should use a bankruptcy attorney in Connecticut. Bankruptcy laws can vary according to the locality. Therefore, hiring an attorney who has experience in the court where your bankruptcy will be filed is an asset. Their knowledge of local laws and procedures can make the process run more smoothly.

Look for Adequate Experience

The years in practice don’t matter as much as the number of cases successfully handled. There are lawyers who have practiced bankruptcy law for decades without very many satisfactory results. On the other hand, a young attorney in practice for fewer years may have mastered bankruptcies. 

Search for attorneys with positive outcomes in cases similar to yours. They should have a good reputation in the community in which you will be filing and be respected by their peers.

Look for Personalized Service

Don’t hire an attorney who will run you through an assembly line. Every bankruptcy is different and should be treated that way. If the attorney you’re considering doesn’t have time to sit down with you and discuss your case at length, find another.

Also, be aware of those who hire themselves out as “petition preparers.” These are not qualified attorneys. Sure, they can help you with the bankruptcy paperwork. They can’t give you legal advice or help you through the process.

Find One Who Communicates

Perhaps most importantly, you need a bankruptcy attorney in Connecticut who communicates with you. How quickly do they return your calls? Do they return them at all or let their secretaries and paralegals pass on messages?

Filing for bankruptcy can be intimidating. Hire an attorney who talks to you and answers your emails. 

Our service area includes HartfordNew Haven, and Wethersfield.