Bankruptcy allows individuals and businesses to reduce or eliminate the burden of debt and get a fresh start toward long-term financial health and well-being. Filing for bankruptcy protection is a complicated legal process. To protect your home, your car, your business and other assets to the greatest extent possible, you need the assistance of a law firm with expertise in bankruptcy. Balbus Law Firm in Danbury offers that expertise.
Debt Is The Problem Bankruptcy Is The Solution
The first question that people ask is “Should I file for bankruptcy?” They also want to know, if they are married, which spouse should file. Married individuals can file bankruptcy together. Sometimes, only one spouse will need to file. However, if both spouses are liable for a debt and only one spouse files, the creditor will look to the non filing spouse for payment. If both spouses file, they may be entitled to keep more property. We take care to answer all questions and explain how bankruptcy works. We encourage people to contact us early so we can educate them about bankruptcy planning strategies.
Types Of Bankruptcy
The three main types of bankruptcy are Chapter 7, Chapter 13 and Chapter 11. Because everyone’s circumstances are unique, it’s important to work with a skilled Connecticut bankruptcy lawyer who understands your financial situation and can select the type of bankruptcy that is best for you. We handle bankruptcy for individuals, small-businesses and nonprofits, helping to eliminate all types of debt. We are also prepared to file bankruptcy for family farmers and fishermen in Chapter 12, which is similar to Chapter 13 in structure.
Bankruptcy Provides Immediate Relief
When you file bankruptcy, an automatic stay goes into effect prohibiting most creditors from doing anything to collect a debt. The automatic stay:
People often consider working with debt consolidation companies as an alternative to bankruptcy. They are worried about what life after bankruptcy will look like. We will help you understand the best option for you, your family and your business.
Fairfield County Chapter 7, 13 And 11 Lawyer
For a free initial consultation with a knowledgeable Stamford attorney, call 203-286-4121 or email us.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.