Bankruptcy is not the end but a brand new beginning. It can wipe your slate clean and give you the debt relief, financial assistance, and planning you need for a brighter, more stable future. With the right team of attorneys helping you as an individual or business filing for bankruptcy, you can achieve your goals despite debts and calls from collectors. Harlow, Friedman & Adams, P.C., has the tools to help you through this process in Bridgeport. Let us help you secure the future you’ve always wanted.

Types of Bankruptcy

Declaring bankruptcy may be more involved in a process than you think. There are multiple types of bankruptcy, with one suiting your individual situation more than the others. Our firm has experience handling all types of bankruptcy in Bridgeport, and we can help you choose the chapter of the United States Bankruptcy Code that’s right for you. The most common chapters are as follows:

  • Chapter 7. Chapter 7 bankruptcy is a liquidation, or “complete bankruptcy.” It’s the most common chapter individuals use. It gives the debtor a fresh start. It is the fastest and least expensive type, and it allows you to discharge most of your debt, including income taxes more than three years old, medical costs, loans, and credit card debt. This type of bankruptcy permanently prevents creditors from attempting to collect.
  • Chapter 11. Chapter 11 is best for businesses and commercial enterprises that want to stay in business and repay creditors. Debtors can avoid liens, tax levies, lawsuits, and liquidation with this type of bankruptcy. Chapter 11 can help business owners restructure debt, reorganize long-term payments, and create a plan that will help them stay in business for the long run.
  • Chapter 13. This type of bankruptcy is most appropriate for those trying to prevent home foreclosures. It allows debtors to keep their homes and restructure mortgage agreements. You may have to repay missed mortgage payments and show proof of regular income. Chapter 13 freezes foreclosure actions, liens, and other attempts at taking away your home.

Debtors may also benefit from Chapter 9 and Chapter 12 bankruptcies, which deal with municipal debt and family farmers, respectively. Our team can help you select the best type of bankruptcy for your unique situation, file the proper paperwork with the city, and pass the required tests and forms of proof. We will walk you through the process from beginning to end, lending our professional assistance along the way.

Your Fairfield and New Haven County Bankruptcy Attorneys

Our law firm knows the ins and outs of bankruptcy in Connecticut. We can calm your anxiety about your situation, explain the terms of bankruptcy, and help you make the right choices to protect your future. Whether you require complete bankruptcy or a form that allows you to keep your home or business, we have the paperwork and specialists you need to finish the process with your head held high. Our team is caring, experienced, and completely confidential with bankruptcy matters. Schedule your private consultation today at (203) 878-0661 or by reaching out to us online. We can help you get through this.