class="design blog blogEntry blog-entry"
The Law Offices Of Ambrogio, Pletter & Associates, llc
Call Today For A Free Consultation
203-502-7436
Toggle Our Practice Areas

As important as whether is when to file for bankruptcy

Anyone can find themselves in financial difficulties. It seems there are stories in the headlines of Connecticut newspapers every week about wealthy personalities suddenly in debt trouble or facing unexpected tax obligations. People in the highest income brackets often point to someone they hired to manage their money as the reason they are in trouble.

The average Joe or Jane may not be able to make the same claim, but one thing that is common to anyone trying to deal with unmanageable debt is that they often come to face the same question: Should I file for personal bankruptcy?

There are many reasons why exploring bankruptcy makes sense. Filing for either Chapter 7 or Chapter 13 has the effect of immediately stopping all calls from bill collectors. It also puts a hold on legal actions related to possible eviction or foreclosure on your home. Wages cannot be garnished. In short, bankruptcy provides you breathing room to get a handle on your situation.

By working with an experienced bankruptcy attorney, you can get the education and guidance necessary to develop a plan that the court is most likely to accept. And, once the court gives its OK, you remain protected from action for the duration of the process, providing you continue to meet all the provisions established under that plan.

However, not only is it important to explore whether to file for bankruptcy, it is important to explore when to file. Too often, consideration of bankruptcy comes so late in the game that the most desirable outcome is impossible to achieve. To avoid that scenario, it's clear that it's best to contact an attorney sooner rather than later.

No Comments

Leave a comment
Comment Information

Contact Us

To arrange a free consultation with an experienced Connecticut bankruptcy lawyer, call 203-502-7436 or fill out this form.

Get Started Today

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Ambrogio, Pletter & Associates, LLC
2019 Main Street
Stratford, CT 06615

Phone: 203-502-7436
Fax: 203-612-9200
Stratford Law Office Map