Bankruptcy Attorney In New Britain & Bloomfield, Connecticut

What Are The Differences Between Chapter 7 And Chapter 13 Bankruptcy?

In a Chapter 7 bankruptcy, you’ll be able to eliminate most of your debt, such as medical bills, credit cards, past due tax bills, vehicle repossessions, and other types of debt. Chapter 7 will put an end to frozen bank accounts, garnishments, and threatened lawsuits as soon as you file. You can usually keep some of your possessions, including your car and house, if you make on-time payments.

Chapter 13 bankruptcy, on the other hand, consolidates all your debt into a single, affordable monthly payment until you pay your debt in full. It, too, stops the hassle and stress of lawsuits, frozen bank accounts, and garnishments immediately after you file. It can also put an end to car repossessions and foreclosures, allowing you to catch up on your back payments if your budget can accommodate them. Don’t put up with debt collectors’ harassment a moment longer.