Consumer Bankruptcy Lawyers in Windsor, Connecticut

Find the right Consumer Bankruptcy attorney in Windsor, CT

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

Chapter 7 Bankruptcy in Windsor, Connecticut

There are 2 common types of consumer bankruptcy in Windsor, 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 usually includes homes, vehicles, insurance policies, and retirement accounts. These do not have to be sold.

Once the eligible property is sold, and the funds transferred to the creditors, the dischargeable debt is excused. Some forms of debt, however, can't be discharged in Chapter 7 Bankruptcy in Windsor, Connecticut. These include student loans, criminal fines, and taxes, among others. If most of your debt can't be discharged, Chapter 7 may not be the best choice for you.

Chapter 13 Bankruptcy in Windsor, Connecticut

Chapter 13 bankruptcy in Windsor, Connecticut is markedly different. It may or may not be a better option than Chapter 7, depending on the facts of your particular case. Chapter 13 does not eliminate any debt, but it creates a new payment plan that should give the debtor some breathing room. Typically, all of the debts are consolidated into 1 periodic payment. While this may make it take longer to pay off the debt, if the debtor is willing to make a few sacrifices, the plan should be manageable.

Which Type of Consumer Bankruptcy Should I File in Windsor, Connecticut

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

In any case, it would be a good idea to consult a local bankruptcy lawyer in Windsor, Connecticut. Your lawyer can make an educated judgment as to what your best option is, and advise you accordingly (of course, the choice to file for bankruptcy is ultimately yours).

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Life in Windsor

Located in Hartford County, the beautiful town of Windsor, Connecticut is home to close to 30,000 residents. Filled with parks, churches, and annual events, Windsor provides its residents and visitors with lots of options.

Like many cities in Connecticut, Windsor has a strong connection to tobacco which still plays a role in the town's economy today. The Connecticut Family Tobacco Museum is located in town and takes visitors through the town's tobacco history. Windsor tobacco leaves are still produced today and used to make some of the finest cigars.

Windsor has a lot more than cigars to offer. Windsor lawyers are some of the best in the business. Specializing in a range of practice areas, Windsor lawyers are always available to competently serve their clients. Windsor lawyers are able to enjoy the many activities the city has to offer in their free time, giving the professionals the idea work/life balance. Windsor is also home to other thriving professional communities including: bankers, accountants and doctors

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