Jefferson Hanna Law has been an invaluable resource for families and individuals in Connecticut who are dealing with financial troubles for nearly 40 years. His trusted expertise and compassion have enabled him to help people navigate the stress and frustration of debt by creating clear strategies for the present that create roads to the future.
What Can A Bankruptcy Law Attorney Do For Me?
A bankruptcy lawyer is primarily focused on helping their clients through the process of reducing debt, eliminating debt, and going through bankruptcy proceedings. Additionally, bankruptcy attorneys are able to provide legal and financial advice for individuals and businesses in a vast array of unique situations.
Attorneys who specialize in bankruptcy and financial wellness are able to advise clients on ways to minimize their debt and eliminate it altogether through a variety of mixed methods that are tailored to their client’s specific needs. This can include providing information on finance and bankruptcy law; creating structures by which to liquidate assets and pay creditors; crafting and presenting debt-reorganization plans; and filing bankruptcy.
Each state has their own unique set of laws and regulations concerning debt and bankruptcy. Additionally, there is a comprehensive set of federal bankruptcy laws that apply to cases in every state. Working with an attorney who has experience in the state which will be the venue to your case (or in which you live or operate a business) is the best way to ensure that your needs will be met.
Small Business Bankruptcy Attorney
If you are a business owner facing bankruptcy, it is understandable that you may have a lot of questions and concerns. Choosing to file bankruptcy for your business is never an easy decision, and our office is committed to providing compassionate and highly knowledgeable service in order to create an environment in which you feel comfortable and confident in your choices.
Consumer Bankruptcy Attorney
Consumer bankruptcy filings occur when a person is not able to repay debts that were incurred for personal reasons. At the point that you file the petition for bankruptcy in court, your creditors will be instructed to cease and desist. This means they will be halted from pursuing the collection of any debt you may owe them.
At this point, the court will begin its inquiry into your situation. They will request information regarding the total amount of debt you owe; all the creditors to whom you owe; and a total accounting of your income and financial situation, including your expenses.
While you may choose to represent yourself in bankruptcy court, it is very common for these proceedings to be incredibly complicated and lengthy. Choosing to hire a lawyer who can help you understand the details and timeline of your bankruptcy lawsuit is the best way to ensure that you are expediting the process and achieving the best outcome.
How Do I Know If Bankruptcy Is the Right Choice For Me?
Regardless of whether you are a business owner or a private consumer, there are many considerations when it comes to filing bankruptcy. Bankruptcy can provide a financial lifeline to those who find themselves in situations of debt that exceed their ability to recover on their own. There is nothing wrong with seeking bankruptcy protection, it can open a door to the future that would otherwise be unavailable. That said, there may be reasons that bankruptcy might not be the best option for you.
Some of the considerations that may go into your decision can include advantages such as: a fresh start to build a new future; the opportunity to retain personal assets and property; and the end of collection action against you.
Some of the disadvantages to bankruptcy may include: that it will be present on your credit profile for up to 10 years; that you may be ordered to undergo credit counseling; bankruptcy filings can result in higher interest rates for future financing; and you may not be able to use bankruptcy protection again for up to eight years.
Jefferson Hanna Law Is Here To Help
Each financial situation for every business and individual is unique. That’s why it is so important to speak with an attorney who is committed to providing you with services that are tailored to your needs. If you are seeking debt relief from the best bankruptcy law firm in Middletown, CT, please don’t hesitate to contact our offices for a complimentary consultation today.
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