Practice Overview

Bankruptcy

Milford, Connecticut Consumer and Business Bankruptcy Attorneys

Declaring bankruptcy is an effective means of discharging or restructuring debt. If you're a homeowner, declaring bankruptcy may help you delay or avoid foreclosure on your home while putting an end to harassing calls and letters from creditors and banks. If you own a business, filing for Chapter 11 will allow your company to restructure its debt while maintaining day-to-day business operations.

Given today's economy, most banks are willing to work with homeowners and businesses in modifying loans or developing a work out if a business is out of formula. Understanding your options and rights is important in protecting both your short and long-term interests. At the law firm of Harlow, Adams & Friedman, P.C., our lawyers handle all forms of personal and business bankruptcy throughout Connecticut.

If you're facing foreclosure or your business can no longer meet its operating costs, contact the bankruptcy attorneys at the law office of Harlow, Adams & Friedman, P.C. to today to learn how we can help you.

Understanding How Filing for Bankruptcy Can Help You

Although no one plans to file a bankruptcy case, a job loss, illness or injury or a business failure may leave no other option. Creditors and banks have encouraged debt financing through low interest rates and subprime mortgages. While we must all act in financially responsible ways, forces larger than any one of us have contributed to many of the problems homeowners and business face in today's economy.

In order to help homeowners and businesses gain control over their financial situation, our attorneys help clients in regard to the following:

• Chapter 7 bankruptcy, liquidation which is used by individuals and businesses to eliminate debt. Filing Chapter 7 bankruptcy allows you to eliminate medical bills, credit card bills and other non-secured debt and get a fresh financial start.
• Chapter 11 bankruptcy, business debt reorganization which is used by companies who need to reorganize to save their business.
• Chapter 13 bankruptcy, individual reorganization which is used by individuals to stop home foreclosures and tax levys.

Regain Your Financial Footing

We can also advise clients about non-bankruptcy solutions to financial problems, such as debt workouts. The lawyers at Harlow, Adams & Friedman, P.C. are bankruptcy professionals dedicated to finding practical, workable solutions to your debt problems. We can help individuals put an immediate stop to creditor harassments and lawsuits. We can also advise business clients on complex Chapter 11 reorganization. Whatever need presents itself, our primary concern is to provide you the best representation possible.

Our attorneys have given seminars on bankruptcy law for the Connecticut Bar Association (CBA), the National Business Institute (NBI), local bar associations and have lectured before other professional associations.

Reestablishing Your Credit after Bankruptcy

Reestablishing your credit after declaring bankruptcy isn't as onerous or complicated as many people have been led to believe. Since banks thrive on lending and borrowing, it's in their self-interest to continue offering credit to consumers and businesses - even those that have declared bankruptcy. Generally, consumers who file for bankruptcy are offered low-balance credit cards. If you pay off your monthly balance and remain current on your payments, your credit line will be increased over time. After establishing a history of making payments on time and maintaining a desirable credit-line-to-balance ratio, your credit score will improve. As your credit score improves, you'll qualify for larger loans and bigger lines of credit.

Contact Bankruptcy Attorneys at Harlow, Adams & Friedman Today

Since Harlow, Adams and Friedman, P.C. is experienced with all forms of bankruptcy protection, our experienced bankruptcy attorneys can advise you on which form of bankruptcy would be the best approach, or whether an out-of-court debt workout would be more appropriate.

For more information, refer to our Bankruptcy Practice Center.

At Harlow, Adams & Friedman, P.C., we represent clients in Milford and throughout Connecticut, including the communities of Bridgeport, New Haven, Stamford, Norwalk, Danbury, Stratford, Shelton, West Haven, Orange, Trumbull, Monroe and Derby; and other locations in Fairfield County and New Haven County.