Bankruptcy – Individual Chapter 7 and Chapter 13 Homeowner Bankruptcy

Chapter 13 of our bankruptcy laws is called “Adjustment of Debts of An Individual With Regular Income”. Most people think of it as the homeowner’s bankruptcy law.

When an individual or family faces daunting financial pressure, but owns a home in which substantial equity would make a Chapter 7 filing unwise, or the individual or family makes too much to qualify for a Chapter 7 liquidation, ZNC can guide such client successfully though a Chapter 13 proceeding. A successful Chapter 13 bankruptcy allows the homeowner to devise a payment plan that creates the time and space to fairly pay creditors over time while protecting the home or other important assets. ZNC also represents creditors in Chapter 13 proceedings and in those instances, we ensure our client is treated fairly and is compensated to the fullest extent possible under the circumstances. ZNC’s Connecticut Chapter 13 attorneys are also familiar with Connecticut state laws that can help protect your house from creditors, including Connecticut foreclosures.