Bankruptcy Attorney Marlborough CT

Bankruptcy Attorney Hartford, CT

A trusted bankruptcy attorney Marlborough, CT residents can count on, from The Law Offices of Ronald I. Chorches knows that filing for bankruptcy might be the right thing for you to do during hard times. A common misunderstanding about bankruptcy is that it means you have no options or a bleak future. However, this is far from the truth. Filing for bankruptcy can allow you and your family to have a significant amount of freedom. In fact, it may be how you take back your financial freedom and wipe your slate clean. 

Types of Bankruptcy

Chapter 7

Chapter 7 bankruptcy, often called “liquidation bankruptcy,” involves the sale of non-exempt assets to repay creditors. It’s designed to give individuals a fresh start by discharging most debts. A bankruptcy trustee oversees asset liquidation, and certain types of debts like credit card debt and medical bills can be discharged entirely. However, not all assets are sold, and exemptions exist to protect essential items.

Chapter 13

This type of bankruptcy involves the creation of a repayment plan. The debtor will make monthly payments to a trustee who distributes these payments to the creditors. During this repayment period, most interest is frozen, and the remaining debt after the repayment period is eliminated. This type of bankruptcy is often filed by those looking to protect assets from liquidation. With Chapter 13 bankruptcy, you can work with your bankruptcy attorney to create a repayment plan so that you can start paying back your debts. It is also possible to keep your home if you are worried about foreclosure.

Not sure which one is right for you? 

Don’t worry about choosing. When you work with an attorney, they will examine your finances closely, look at your debts, and look at your assets. Then, they can help determine which bankruptcy you are qualified for and help you create a plan. 

A Few Advantages of Having a Bankruptcy Attorney Marlborough CT


Bankruptcy attorneys are well-versed in bankruptcy law and its complexities. Consequently, they provide guidance tailored to your specific situation, ensuring you make informed decisions.

Customized Strategy

Bankruptcy attorneys analyze your financial situation, assets, debts, and goals to develop a personalized strategy that maximizes the benefits of bankruptcy for your situation.

Protection from Creditors

Once you hire an attorney, creditors are legally required to communicate with your attorney rather than contacting you directly, reducing creditor harassment.

Asset Protection

Attorneys can advise you on exemptions and strategies to protect your assets, potentially allowing you to retain important possessions during the bankruptcy process.

Debt Discharge Maximization

With a bankruptcy attorney’s guidance, you’re more likely to identify and include all eligible debts in your bankruptcy filing. Therefore, your likelihood of a comprehensive debt discharge increases.

Negotiation and Settlement

In cases where negotiation with creditors or restructuring of debts is possible, an attorney can work to secure favorable terms. For example, their expertise enables them to navigate the complexities of debt agreements, comprehend the legal implications, and foresee potential pitfalls that could have significant consequences if overlooked.

Peace of Mind

Hiring a bankruptcy attorney can relieve you of stress and uncertainty, knowing that a professional is handling your case and advocating for your best interests.

Business Bankruptcy

Are you a business owner facing financial difficulties? In this situation, a bankruptcy attorney Hebron, CT clients trust may recommend filing for Chapter 11 bankruptcy. Chapter 11 bankruptcy is a legal process primarily designed for businesses facing financial distress. Unlike other bankruptcy chapters involving liquidation or debt discharge, Chapter 11 focuses on reorganization. The business continues operations while proposing a plan to restructure debts and operations. This plan, presented to creditors and the court, outlines repayment strategies, often involving negotiations to modify terms. If approved, the business operates under the restructured terms, aiming for financial recovery and stability.

Do You Have Bankruptcy Questions?

Bankruptcy attorneys have the expertise to tailor their advice to your specific needs. Their guidance becomes particularly invaluable when confronting daunting financial hardships. To learn more about what we can do for you, please do not hesitate to contact The Law Offices of Ronald I. Chorches today to schedule a free review of your case.

Our service area also includes Andover, Hebron, and Columbia.