Bellenot & Boufford, LLC
Connecticut Attorneys for Chapter 7 Bankruptcy
Chapter 7: Hit the Bankruptcy Reset Button on Your Finances
Many people resist filing for bankruptcy because of a responsibility to their debtors. For this reason, people will sell everything and struggle every month to balance debts that they simply cannot afford. We tell our clients to remember that they also have a responsibility to their families. Call to discuss the possibility of debt relief, before exhausting your assets and/or retirement funds.
At Bellenot & Boufford, LLC, we can help you hit the reset button on your finances through Chapter 7 bankruptcy. Chapter 7 bankruptcy can help you eliminate excessive debt and start over.
Find a Solution to Your Debt Problems
If you do not bring in enough income every month to cover your debts and expenses, you are facing insurmountable debt. You do not need to beat yourself up over your financial struggles; you need a solution. In most cases, the people seeking bankruptcy assistance are good people. Unforeseen circumstances can impact anyone and lead to serious debt problems.
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Chapter 7 Allows You to Retain More of Your Assets Than You Might Think
Many people are scared of Chapter 7 bankruptcy because they think they will lose most of their possessions and assets. This is not always the case, however, and most people retain most or all of their assets. Some things you should know about Chapter 7:
- Pension and retirement plans are usually protected from the bankruptcy process, so it is important that you do not liquidate these accounts to pay off your debts before filing for bankruptcy.
- Many other assets are exempted from the bankruptcy process, so it is important to talk with an experienced bankruptcy lawyer before transferring or liquidating any assets.
- Chapter 7 bankruptcy could give you the chance to eliminate credit card debt, medical debt and other forms of debt and obtain a fresh start for your financial future.
- Through patient and responsible borrowing over a period of time, you will be able to rebuild your credit.
Our Monroe lawyers have more than 50 years of combined experience helping Connecticut clients obtain debt relief and find a fresh start in their finances.
Contact Our Debt Relief Lawyers for a Free and Meaningful Phone Consultation