Most people do keep their car after filing for bankruptcy. Connecticut law prohibits banks from repossessing as long as you remain or become current with your car loan. If you are not current, Chapter 13 provides a way to become current while discharging other debt.
Most people do keep their house after filing for bankruptcy. Federal law prohibits banks from foreclosing as long as you remain or become current with your mortgage. If you are not current, Chapter 13 provides a way to become current while discharging other debt.
Although it will appear on your credit report bankruptcy usually results in an improved credit score over time. This is because you will get rid of a great deal of debt that you cannot pay now.
Yes. Chapter 13 is usually a good alternative if your income is too high for a Chapter 7.
No. There is an income-based eligibility test which is sometimes called the “means test.” Determining your eligibility is somewhat complicated, so don’t make any assumptions until you consult with us.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
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