Top Manchester, CT Business Bankruptcy Lawyers Near You
20 Church Street, Suite 780, Hartford, CT 06103
100 Pearl Street, 10th Floor, Hartford, CT 06103
640 Main Street, Plantsville, CT 06479
185 Asylum Street, City Place II, 15th Floor, Hartford, CT 06103
2 Congress Street, First Floor, Hartford, CT 06114
One Constitution Plaza, 5th Floor, Hartford, CT 06103
Cityplace I, 185 Asylum Street, 36th Floor, Hartford, CT 06103
270 Farmington Ave, Suite 151, Farmington, CT 06032
4 Fort Hill Road, PO Box 1042, Groton, CT 06340-1042
1 Crouch St, Groton, CT 06340
185 Asylum St, CityPlace II, 15th Floor, Hartford, CT 06103
One State Street, 14th Floor, Hartford, CT 06103-1516
20 Church Street, Hartford, CT 06103-3402
225 Asylum St, 20th Floor, Hartford, CT 06103
52 Eugene O'Neill Drive, PO Box 88, New London, CT 06320
280 Trumbull Street, 23rd Floor, Hartford, CT 06103
One Financial Plaza, 21st Floor, 755 Main Street, Hartford, CT 06103
280 Trumbull Street, Hartford, CT 06103
90 State House Square, Hartford, CT 06103
Cityplace I, 22nd Floor, 185 Asylum Street, Hartford, CT 06103-3460
One Constitution Plaza, Hartford, CT 06103
750 Main St, 2nd Floor, Hartford, CT 06103
75 Isham Road, Suite 400, West Hartford, CT 06107-4993
225 Asylum St, Hartford, CT 06103
One Goodwin Square, 225 Asylum Street, Hartford, CT 06103
Manchester Business Bankruptcy Information
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What Is Bankruptcy?
Bankruptcy is a legal process that allows people to get out from under debts that are causing serious financial harm. Through the bankruptcy process, you may be able to get rid of debts like medical bills, credit card bills, and other unsecured debts. Factors such as your income and whether you have assets that you can sell to pay off some of the debts are taken into account when filing for bankruptcy and will determine what happens.
What Happens When I File for Bankruptcy?
When you file for bankruptcy, you will be under a federal bankruptcy court’s supervision and protection. During this time, you, your lawyer, the court, and your creditors will work on a plan for discharging your eligible debts. Collectors will also be unable to repossess property and garnish your wages or bank accounts during this time.
How Much Does It Cost To File for Bankruptcy?
There is no easy answer to this question. The ultimate cost will be a mix of court filing fees and what you owe your attorney for guiding you through the process. What you owe will depend on how complicated your case is and whether there are any prolonged disputes with creditors. Most likely, however, the debt relief that comes with bankruptcy will outweigh any fees.
How Long Does Bankruptcy Stay on Your Credit Report?
A Chapter 7 bankruptcy filing will stay on your credit report for up to 10 years, while a Chapter 13 will remain for up to seven years. A bankruptcy filing will also harm your credit score. However, if you need to file for bankruptcy, it’s likely your score is not that high anyway, and your bankruptcy will give you a chance at a fresh start and time to rebuild your credit score.