How to File for Bankruptcy in Connecticut
Anyone who is thinking about filing for bankruptcy in the state of Connecticut should take time to become familiar with the local laws and rules involved. Most of the procedures and rules that must be followed are actually determined at the national level. However, there are some key details that are unique to the process in Connecticut. It is advisable for anyone considering the idea of filing for bankruptcy in Connecticut to contact an attorney before filling out any paperwork or submitting a petition. The highly complex and detailed nature of the bankruptcy process often makes it necessary to have proper legal counsel. Missed deadlines or improperly filed paperwork could result in your case being dismissed. In addition, it is always important to fill out all paperwork using accurate and honest information. Attempts to hide assets or depict your financial history inaccurately could result in serious legal consequences. The Connecticut court provides an application for pro bono representation.
Getting Ready to File for Bankruptcy in Connecticut
You can’t begin the process of petitioning to file for bankruptcy in Connecticut without first determining the form of bankruptcy that is appropriate for your circumstances. Almost all debtors will either file for Chapter 7 bankruptcy or Chapter 13 bankruptcy. Chapter 7 is a form of liquidation that discharges unpaid debts. Chapter 13 is actually a form of restructuring that allows a debtor to come up with a timetable for paying off debts over time. Farmers and fishermen have the option to file under a special category called Chapter 12 bankruptcy. It may be possible to file for Chapter 11 bankruptcy in rare cases involving business-related debt or very high amounts of doubt.
The Basics of Filing for Bankruptcy in Connecticut
Connecticut’s bankruptcy courts are located in Hartford, Bridgeport and New Haven. Residents of Litchfield County and Fairfield County should file in Bridgeport. Residents of Hartford County, Tolland County, Windham County and New London County should file in Hartford. Residents of Middlesex County and New Haven County should file in New Haven. The cost to file for Chapter 7 bankruptcy in Connecticut is $335. The cost to file for Chapter 13 bankruptcy in Connecticut is $310. You can find a complete list of other possible fees associated with filing for bankruptcy in the state of Connecticut here.
Preparing to File for Bankruptcy
It will be necessary to complete credit counseling before filing for bankruptcy in Connecticut. In addition, you will be required to take a debtor education course once your debt discharge is approved. All courses must be administered by agencies that are approved in the state of Connecticut. The list of approved credit counseling agencies can be found here. The list of approved debtor education agencies can be found here. You will need to submit a means test that takes into account your income, assets, debt and other factors to determine whether or not you are eligible for Chapter 7 bankruptcy. You may need to transfer your case to a Chapter 13 filing if it is determined that you do realistically have means to pay back creditors using a structured plan. All of the forms that you’ll need throughout the filing process in the state of Connecticut can be found here.
You will be required to attend a meeting of creditors when filing in the state of Connecticut. This brief meeting provides creditors with a chance to collect any information that may help them to object to a discharge under Chapter 7 bankruptcy or dispute details of a payment plan under Chapter 13 bankruptcy. There is a chance that you could be responsible for forfeiting nonexempt property or assets to creditors based on what happens in this meeting. Creditors will have 60 days to take action following the meeting.