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If you have overwhelming personal debts that just don’t seem to go down no matter how hard you try, you may consider filing for bankruptcy. In consumer bankruptcy, you can wipe the slate clean. This can get collections agencies off your back and give you the space you need to start over. Bankruptcy not only benefits you by giving you a clean slate, but it also benefits your creditors as well by paying them out through your bankruptcy estate. This will be established when you file for bankruptcy, usually in Chapter 7 or Chapter 13.
At Attorney Joseph J. D'Agostino, Jr., LLC in Stratford, CT, our bankruptcy attorneys have the experience and knowledge to get you through the legal process as quickly and painlessly as possible. We want to help you get back on your feet. Call Attorney Joseph J. D'Agostino, Jr., LLC today for help getting out of your dire financial situation.
Chapters of Bankruptcy
Chapter 7 bankruptcy is commonly known as liquidation and is suitable for debtors who have low or inconsistent income and few assets. In Chapter 7, your debts will be wiped out quickly. Most cases are completed with debts discharged within 3 months.
Chapter 13 bankruptcy is suitable for debtors who have reliable, consistent income and who have valuables or assets they need to keep. Filing in Chapter 13 involves restructuring your debts into a manageable repayment plan. The repayment plan may span up to 5 years.
Which Debts are Dischargeable?
While many debts are eligible for discharge through Chapter 7 and Chapter 13, some are not. These include:
- Alimony
- Child support
- Some taxes
- Student loans
Attorney Joseph J. D'Agostino, Jr., LLC bankruptcy attorney can evaluate your financial situation and let you know exactly which debts you can expect to be discharged through your bankruptcy.
Call a Bankruptcy Lawyer in Stratford Today
It’s time to stop living with the overwhelming pressures of debt. Get your financial life back on track through bankruptcy. The lawyers at Attorney Joseph J. D'Agostino, Jr., LLC in Stratford, Connecticut have decades of experience to guide you smoothly through the process. We know how stressful it can be to live with debt. Let us help you get your life back. Contact Attorney Joseph J. D'Agostino, Jr., LLC bankruptcy lawyer in Stratford today for a consultation.
