Bankruptcy Law Lawyer

Connecticut Bankruptcy Law LawyerAttorney Eric Lindh Foster is a devoted consumer protection attorney and can provide, among other services, Chapter 7 bankruptcy representation in Connecticut. Filing for Chapter 7 bankruptcy can provide relief by eliminating unsecured debts including credit card debt, medical bills, overdue utility bills and other various types of debts.

For some, bankruptcy is a concept that can seem shameful or intimidating.  However, when handled by the right Connecticut bankruptcy law lawyer, it is a powerful tool that can help a stressed consumer save money and gain freedom from economic despair. Filing for bankruptcy is a right we all have.  It acts as a financial reset, wiping out some or all of your debt (depending on your income and assets) and providing you with a fresh start to build a new financial future.

Bankruptcy law also offers a “stay” that protects your assets from attachment, your wages from garnishment, and your car or boat from repossession during the process. It also stays any other efforts by your creditors to collect a debt (including court proceedings) and foreclosures.  Bankruptcy has allowed millions of people to stop the harassing phone calls and help consumers push the restart button they so desperately need.

If you are struggling with the stress of unmanageable debt, bankruptcy may be the answer to your problems! Let Eric Lindh Foster Law guide you through the process.

Understanding your options, and which kind of bankruptcy best suits your needs, is an important first step in the process. Contact us today for a free telephone consultation. For more information about bankruptcy click here.

Bankruptcy Law 

Bankruptcy Law Connecticut

If you are considering bankruptcy, Lindh Foster, LLC, has the experience and knowledge of bankruptcy law in Connecticut needed to take on your case. Deciding to file wasn’t taken lightly, as no one truly wants to file for bankruptcy. However, by taking this step, our clients can finally take back control over their finances. When it comes to bankruptcy, it should come as no surprise that there is a lot of misinformation. Misconceptions can lead those considering a bankruptcy filing to be led in the wrong direction when making critical decisions over the future.

Filing for bankruptcy is often a difficult decision, which is why it’s crucial to have a clear picture of common misconceptions about bankruptcy that can lead you astray in your decision making. The following are common misconceptions prospective clients have about Chapter 7 bankruptcy: 

You Won’t Be Responsible for Any of Your Debts

Debts that are discharged during bankruptcy can vary depending on the chapter you file for. However, it’s essential to be aware that bankruptcy law does not allow all of your debts to be discharged. Some non-dischargeable debts will still be the responsibility of the debtor, including: 

  • Child Support
  • Spousal Support
  • Student Loans
  • Court Fines
  • Debts from Negligence (Personal Injury)
  • Some Legal Fees
  • Specific Tax Debts

Although debtors will still be responsible for some of their obligations, under Chapter 7 bankruptcy law, there are several dischargeable debts (unsecured debts) to be aware of: 

  • Medical Bills
  • Credit Card Debt
  • Personal Loans

You Will Lose All of Your Property and Assets

The idea of losing all of your assets and property can give many debtors considering bankruptcy pause. Be aware that to file for Chapter 7, debtors must first qualify. However, when determining whether Chapter 7 is the right decision, it’s always in your best interest to speak with a Connecticut law firm for guidance. They will work closely with debtors to determine the bankruptcy chapter to file for in their best interest. Bankruptcy isn’t intended to leave people destitute. Because of this, they can file for exemptions. In some situations, debtors may be able to file for Chapter 7 and keep their home if they are current on their mortgage and haven’t acquired much equity. However, depending upon your situation, it may be in your best interest to consider Chapter 13 instead. 

Rebuilding Credit After Bankruptcy is Difficult

Typically, Chapter 7 will remain on your credit report for up to 10 years. However, despite this, it doesn’t mean that you have to wait ten years before you can start the process of rebuilding your credit. Debtors should begin the process of rebuilding their credit immediately after their bankruptcy case resolves. Post bankruptcy, clients can rebuild their credit by staying current on any payments, applying for a credit card with a low credit limit, paying it off each month, considering a secured credit card that requires debtors to put up their own collateral, and continuing to make financially sound decisions. 

Contact Our Connecticut Lawyer

To learn more about the legal services provided by Lindh Foster, LLC and to take a clear direction towards financial relief, schedule an appointment with our firm today!