Best Bankruptcy Lawyers in Hamden, CT

Open bank accountsGet a safe deposit accountPay back certain of my discharged debts without having to pay others. Transfer propertyBorrow moneyLend moneyMoveChange jobs You can do all these things after bankruptcy. Bankruptcy can of course hurt your credit score, and credit-based matters will be affected. For instance, your ability to borrow money at reasonable rates may be limited for a period of time, and some prospective landlords will refuse to rent an apartment to a person recently out of bankruptcy. While the case is pending, your legal right to transfer property is curtailed until the trustee takes certain steps, but after the case is over your bankruptcy filing should not interfere with most activities.

The Bankruptcy Code contains a specific provision respecting discrimination. The code bars a private employer from terminating an employee or discriminating with respect to employment against an individual who is or has been a debtor in bankruptcy solely because of the bankruptcy. At least one court, in another part of the country, has held that a private employer still can discriminate as to the hiring decision respecting a prospective employee. The code also bars a governmental employer from discriminating because of bankruptcy, and in even broader terms.

The decision to file bankruptcy is personal and cannot be determined without taking into consideration all relevant factors of the financial and other circumstances faced by the individual, his or her spouse, and household. You should only decide after your particular situation with your experienced bankruptcy counsel.

A bankruptcy filing effects an immediate and automatic stay of actions to take your property, although there are certain exceptions such as cases where you have filed a prior case within the past year. The stay can be removed, after at least the opportunity for a hearing, and the stay as to actions against the property will be removed when you are discharged or when the property is no longer property of the bankruptcy estate. Thus, the protection can be lost, and you should consult an experienced bankruptcy attorney respecting this important concern.

Most general debt is discharged, and being relieved of its burden can be a great feeling and truly change your life. Remember, however, that some debt is not discharged. A few of the more common and important exceptions are student loans, certain tax debt, and alimony and child support liabilities.