Connecticut Bankruptcy
If you’re overwhelmed by bills and having a hard time making ends meet, Chapter 7 may be a good option for you. Chapter 7 bankruptcy is designed to eliminate debt. Talk a Connecticut bankruptcy attorney today about your options.
We can easily connect you with a Connecticut bankruptcy lawyer in your area. All you have to do is plug in your ZIP code below and fill out our free 2-minute bankruptcy evaluation form. Make the first move today and fill out the below form.
Filing Chapter 7 Bankruptcy in Connecticut
If you’re from Hartford, West Haven or anywhere else in Connecticut and are considering filing Chapter 7 bankruptcy, you’ll need to understand the state’s bankruptcy exemptions.
With a Connecticut Chapter 7 bankruptcy lawyer on your side, you have a great opportunity to learn which of your belongings may or may not be exempt from Chapter 7 liquidation.
Connecticut Bankruptcy Laws
Your Connecticut Chapter 7 bankruptcy lawyer will likely explain that Chapter 7 bankruptcy is often called liquidation because the bankruptcy trustee has the option of selling or liquidating any of your non-exempt assets in order to pay back your unsecured debts such as medical bills and credit card balances.
A local Connecticut Chapter 7 bankruptcy lawyer may also tell you that many people who file Chapter 7 bankruptcy don’t have any non-exempt assets. This means that there is no property for the trustee to liquidate and that the person filing Chapter 7 bankruptcy is able to keep most, if not all, of his or her property.
Connecticut Bankruptcy Exemptions
The following information provides a simple introduction to Connecticut Chapter 7 exemptions. To get more detailed information and advice, contact a Connecticut Chapter 7 bankruptcy lawyer.
As your Connecticut Chapter 7 bankruptcy lawyer can explain to you in more detail, important Chapter 7 bankruptcy exemptions in the state include:
Homestead: Real property up to $75,000.
Wages: Up to 75 percent of disposable earnings.
Vehicles: Up to $3,500 for an automobile.
Personal Property:
- Necessary apparel, bedding, foodstuffs, household furniture and appliances, wedding and engagement rings, and hearing aids are all 100 percent exempt.
- Necessary tools, books, instruments, farm animals and livestock feed are 100 percent exempt.
Have a Connecticut Chapter 7 Bankruptcy Attorney in Your Corner
Connecticut Chapter 7 bankruptcy exemptions can be quite specific and can even get confusing. Don’t worry though; your Connecticut Chapter 7 bankruptcy lawyer can explain how they may be applied in your case after filing bankruptcy.
Simply fill out our free bankruptcy case evaluation form, and we’ll connect you with one of our sponsoring Connecticut Chapter 7 bankruptcy lawyers as soon as possible.
Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.
Laws may have changed since our last update. For the latest information on your state’s bankruptcy laws, speak to a local bankruptcy lawyer.