The Connecticut Bankruptcy Court And Its Decisions

When you file for bankruptcy, it means that you are unable to
make timely payments on all of your debts. This is not a
self-proclaimed state of affairs, since the courts will need to
rule on this decision, and the Connecticut Bankruptcy Court is
one example of a place that processes such claims.

The Connecticut Bankruptcy Court

The Connecticut Bankruptcy Court has a number of courts which
are located in the towns of Bridgeport, Hartford and New Haven.
They also have a website which you can find at
https://ecf.ctb.uscourts.gov/. This site will give you all the
information that you might need in regards to addresses and
other important contact information for these courts.

Once your decision has been made with regards to filing for
bankruptcy, you will also need to find a lawyer who will
represent you at your Connecticut Banruptcy Court hearing where
the final decision will be made. There are many lawyers in the
Connecticut area that will be suited for your case. Keep in
mind however, that you should search for one who is reputable
and trustworthy, so that the case is represented fairly and
equally and the best results for you are attained.

There are two areas which you can file for bankruptcy under in
the Connecticut Bankruptcy Court system. The first is Chapter
Seven, which is also known as "Straight Bankruptcy." This
effectively means that all of your debts will be erased, except
for a few such as student loans, purchases of over $500, taxes
and child support.

The other area under which you can file for bankruptcy in the
Connecticut Bankruptcy Court system is under Chapter Thirteen,
which is also referred to as "Wage Earner Bankruptcy." This
means that you will be given a repayment plan which spans
several years that will allow you to pay off your debts.

In October 2005, several amendments were made to the Chapter
Seven laws. This was done because it had become too simple to
file under this system. Now a test that includes many
determining factors is done to show whether you fall into the
category that can file under such claims. This is normally
determined if you do not have enough assets which can be sold
off to repay your debts, and if you earn less than average
wages that would make you incapable of paying them back. These
changes to the laws have also ensured that you must have
obtained credit counselling before you are allowed to file for
bankruptcy.

About The Author: Simon Peters is the owner of
http://on-bankruptcy.com/
it is THE best source for advice on the subject on bankruptcy, nothing to sell, just information . . .

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JohnC.Vincent/CEO/The Opt-In Magic System
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