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What is the difference between Chapter 13 bankruptcy and Chapter 7 bankruptcy?

On behalf of Coan, Lewendon, Gulliver & Miltenberger, LLC | Jan 14, 2021 | Bankruptcy

The two basic consumer options for bankruptcy are Chapter 13 and Chapter 7. Both can work excellently in specific situations. Deciding which one you should use is not a matter of deciding which is better overall, but which will work better for your needs. That’s why...

Why Chapter 7 bankruptcy can be suitable for business owners

On behalf of Coan, Lewendon, Gulliver & Miltenberger, LLC | Oct 9, 2020 | Bankruptcy

If you're a sole proprietor of your own small business, you are personally liable for all debts if your business starts to struggle. Therefore, it's important that you take action before your business starts to get into a high amount of debt. If your business has...

How can Chapter 7 bankruptcy help?

On behalf of Coan, Lewendon, Gulliver & Miltenberger, LLC | Jul 29, 2020 | Bankruptcy

As you review your personal finances, it’s your hope that you like everything you see. Unfortunately, this doesn’t always happen. In fact, things may be so bad that you begin to consider bankruptcy. There are a variety of benefits associated with a Chapter 7...

What are the short- and long-term credit effects of bankruptcy?

On behalf of Coan, Lewendon, Gulliver & Miltenberger, LLC | May 11, 2020 | Bankruptcy

Of all the reasons that people give for choosing to avoid or delay filing for bankruptcy is the impact on their credit. Bankruptcy will have an immediate and negative impact on someone's credit, and it will remain on one’s credit report for years. However, people may...

How Chapter 13 bankruptcy helps you with financial hardship

On behalf of Coan, Lewendon, Gulliver & Miltenberger, LLC | Feb 25, 2020 | Bankruptcy

When you have more debt than you can handle, you may find yourself struggling to budget your money and cover your basic living expenses. Many people turn to questionable systems, such as debt consolidation programs or settlement services, that only increase their...

How a bankruptcy means test determines who can file for Chapter 7

On behalf of Coan, Lewendon, Gulliver & Miltenberger, LLC | Oct 29, 2019 | Bankruptcy

Filing for bankruptcy can seem like a worst-case scenario for Americans faced with overwhelming debt. However, for many, it is a path to restoring their financial freedom when they are no longer able to pay their bills. A new study shows those financial challenges are...

Recent Posts

  • What is the difference between Chapter 13 bankruptcy and Chapter 7 bankruptcy?
  • Why Chapter 7 bankruptcy can be suitable for business owners
  • How can Chapter 7 bankruptcy help?
  • What are the short- and long-term credit effects of bankruptcy?
  • How Chapter 13 bankruptcy helps you with financial hardship

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Coan, Lewendon, Gulliver & Miltenberger, LLC, helps clients find solutions and plan for the future. From New Haven, Connecticut, offices, the law firm serves clients along the Connecticut shoreline and in New Haven County, Fairfield County, Hartford County, Middlesex County, New London County and Litchfield County, including the communities of Bridgeport, Waterbury, Meriden, Milford, Stamford, Hartford, New London, West Haven, Branford, Ansonia, North Haven and Middletown.