Consumer Bankruptcy Lawyers in West Hartford, Connecticut

Find the right Consumer Bankruptcy attorney in West Hartford, CT

Bankruptcy is a legal procedure that allows an individual or business to have some or all of their debts discharged. It is normally considered as an option of last resort, because while it can stave off financial disaster, it has some considerable long-term consequences warranting careful consideration of the costs and benefits. Being a product of federal law, bankruptcy will go through federal courts. Accordingly, the procedure for filing for bankruptcy in Connecticut is basically the same as the procedure anywhere else in the United States. However, individual courts in West Hartford, Connecticut will have particular rules for exemptions, so you should speak with a local attorney before filing.

Chapter 7 Bankruptcy in West Hartford, Connecticut

There are 2 main forms of consumer bankruptcy in West Hartford, Connecticut: Chapter 7 and 13. Chapter 7 bankruptcy involves liquidation of some of the debtor's assets. It requires some percentage of the debtor's property to be sold in order to pay off as much of his or her debt as possible. However, the majority of property that most people own is exempt. This normally includes homes, vehicles, insurance policies, and retirement accounts. These do not need to be sold.

Once the qualifying property is sold, and the funds transferred to the creditors, the dischargeable debt is cleared. Some types of debt, however, can't be absolved in Chapter 7 Bankruptcy in West Hartford, Connecticut. These include student loans, criminal fines, and taxes, among others. If most of your debt can't be absolved, Chapter 7 might not be the best choice for you.

Chapter 13 Bankruptcy in West Hartford, Connecticut

Chapter 13 bankruptcy in West Hartford, Connecticut is markedly different. It may or may not be a better option than Chapter 7, depending on the facts of your individual case. Chapter 13 Bankruptcy involves a court setting up a modified payment plan, which allows the debtor to pay off most or all of his debts over a prolonged period of time, through monthly payments that should, assuming that the debtor is willing to make a few sacrifices, be manageable.

Which Type of Consumer Bankruptcy Should I File in West Hartford, Connecticut

This depends entirely on the facts of your individual case. If you have a decent amount of steady income, and a large amount of non-exempt property which you don't want to part with, Chapter 13 might be the best option for you. If most of your property is exempt, and you don't have much steady income, Chapter 7 might be the best option.

In any case, you should talk with a local West Hartford, Connecticut bankruptcy attorney. Your attorney can advise you of your options and inform you of their likely outcome. This will make it much easier for your to make an informed choice.

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Life in West Hartford

West Hartford is a Connecticut town located in Hartford County. It has a population of about 64,000 people and was officially incorporated in 1854. It has consistently been ranked as one of the top cities to live in by magazines such as CNN Money and Kiplinger's Personal Finance. West Hartford has been described as a "vacation-worthy" hot spot, as the city features many cutting-edge shopping destinations and restaurants.

For example, some popular destinations in West Hartford include Blue Black Square, Elizabeth Park, Westfarms Mall, and West Hartford Center. West Hartford Center is considered to be the hub or center of the West Hartford community. It has been a gathering place for city residents since the late 17th century.

In addition to West Hartford's thriving economic scene, the city boasts a number of colleges and universities. These include the University of Connecticut Greater Hartford Campus, Saint Joseph College, and the University of Hartford. Notable West Hartford residents have included NBA player Manute Bol and actor John O'Hurley (Peterman from the "Seinfeld" television series).

Lawyers in West Hartford, Connecticut typically assist their clients at the Hartford County Superior Court. Many West Hartford lawyers further contribute to the community through such organizations as the Hartford County Bar Association.

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