Bankruptcy

We invite you to discover how personal attention to your legal needs makes all the difference.

Obtaining relief from an otherwise unmanageable financial situation is a privilege, not a stigma. When debts pose an overwhelming hardship, bankruptcy is sometimes the only option which will protect the interests of you, your family, and/or your business. Lawrence & Jurkiewicz, LLC are bankruptcy attorneys in Avon and Torrington, Connecticut who approach each case with patience, compassion, and understanding, and offer an analysis of your situation based on many years of experience in the bankruptcy bar.

The very act of filing operates as a stay which, in most instances, provides immediate relief from pending lawsuits, collection notices, dunning calls, and harassment.

Options your bankruptcy attorney may suggest include the following:

Chapter 7 (Liquidation) is the most straightforward means of obtaining debt relief. The court appoints a trustee to liquidate, or sell, your nonexempt assets. Although it is natural to worry that you will "lose everything, in most cases you will lose only your debts, because your bankruptcy attorney will recommend chapter 7 only if all or most of your assets can be claimed as exempt.

Chapter 11 (Business Reorganization) is usually filed by businesses, but is also an option for individuals, particularly those with higher levels of debt or substantial assets. In chapter 11, the debtor proposes a plan which restructures his or her financial obligations, including modifying the payment terms of secured debt. Upon approval by the court, the chapter 11 plan becomes a new, legally binding contract with your creditors.

Chapter 13 (Wage Earner Reorganization) can be used to save your house from foreclosure. A chapter 13 bankruptcy debtor must propose a plan, which may cure mortgage arrearages and maintain current payments. A chapter 13 plan may be used to avoid, or “strip” a second mortgage or a lien which has no equity value.

We are a debt relief agency helping people file for bankruptcy relief under the Bankruptcy Code. For more information, call to schedule a free initial consultation with a bankruptcy lawyer at our Avon or Torrington, Connecticut office.