bankruptcy attorney

Considering Bankruptcy?

Connecticut Bankruptcy Lawyer William E. Carter Can Help!

If overwhelming financial trouble has led you to consider bankruptcy, you probably have questions and concerns about the bankruptcy process and how bankruptcy may affect you in the future. It is crucial to not wait too long to contact an attorney to get reliable answers and help with debt relief. Connecticut bankruptcy attorney William E. Carter became an attorney to help members of the Connecticut community, where he was born and raised, to overcome financial difficulties and find financial freedom again. He knows the local procedures, bankruptcy district judges and trustees, and he personally walks individuals through the complex process of bankruptcy from start to finish. Call him for a free consultation so that you can make an informed decision.

Types of Bankruptcy

The law provides several types of bankruptcy, depending on your situation. Attorney Carter can help you decide, based on your circumstances, which would be to your greatest benefit. In a Chapter 13 bankruptcy, you set up a payment plan to pay off a decided percentage of your debts. A Chapter 13 bankruptcy has the advantage of allowing you to protect some of your valuable assets. It may also help you save your home from foreclosure. Chapter 13 bankruptcy works best for people who still have income and are able to make monthly payments.

A Chapter 7 bankruptcy works differently. When an individual files under this form, a bankruptcy trustee may look to collect some of your assets to sell and distribute the money among your creditors. An experienced bankruptcy attorney can assist you greatly in protecting your assets under chapter 7 bankruptcy.

There are various state and federal exemptions available to protect your assets in bankruptcy. Our office can help you determine if you will need to surrender any assets. The objective of a bankruptcy filing is to provide you with the best financial footing possible following the bankruptcy, and one path is not right for everybody.

Bankruptcy Misconceptions

Many misconceptions circulate about bankruptcy as well. For instance, it will not prevent you from getting a student loan and, in many cases, you can rebuild your credit to a better status than you had before filing. Additionally, filing does not usually affect your retirement options and it allows you to protect your 401k and IRAs. The Law Office of William E. Carter, LLC, can help you preserve assets if possible and offers guidance after filing bankruptcy about how to rebuild your credit. We do a credit check follow-up with each of our clients, so that you can get off to a good start after putting your past debts to rest.

Connecticut bankruptcy lawyer William E. Carter sincerely cares about assisting individuals in making the wisest decisions at this crossroads in their lives. Bankruptcy is a highly complicated process. He can prevent you from proceeding in the wrong direction and facing preventable negative consequences. Contact him today for a free, personal consultation.