Fairfield, CT Law Firm Guides Debtors Through a Bankruptcy Proceeding
Fairfield Connecticut Bankruptcy Attorneys Help Clients Who are Consumed by Debt
Filing for bankruptcy can be a stressful, difficult process. However, there are many reasons why it might be the right solution for those who are struggling to pay their bills. Some positive results a bankruptcy can provide include its ability to:
- Eliminate many types of debt
- Stop collection agency calls and harassment
- Protect certain property from liquidation
- Avoid foreclosure
- Halt lawsuits
- Prevent repossession of certain property
- Provide a “fresh start” for a debtor
Despite the advantages of filing for bankruptcy, it is not a decision that should be made lightly. Anyone considering bankruptcy should discuss their options with an experienced Connecticut bankruptcy attorney.
Things to Think About Before You File for Bankruptcy
Deciding whether or not to file bankruptcy is an important one, and several considerations should be made, such as:
- The impact that bankruptcy will have on your future ability to access credit
- Potential damage to your credit report
- The possibility that important assets might be lost
- Your eligibility to file bankruptcy
- Impact on your pension plan or retirement accounts
Bankruptcy is not designed to solve all of a debtor’s financial problems, and those who successfully complete a bankruptcy can still expect to pay higher rates to obtain credit, be required to make higher down payment on a home, and may need to have a co-signer when attempting to borrow money or take out a loan.
Contact an Experienced Fairfield, CT Bankruptcy Attorney
Are you considering filing for bankruptcy? For competent legal advice in bankruptcy matters, contact the Fairfield, Connecticut bankruptcy lawyers at Gustafson Law Offices, LLC online or call 203-403-6940 to set up your free initial consultation today.