Carl Gulliver Law, LLC
If you are looking for a path out of a debt crisis, bankruptcy may be the way His experience and judgment drive the well-considered strategies for each client.
Carl Gulliver is a respected Connecticut Bankruptcy Lawyer who has been practicing in Connecticut for over thirty years. Through those years he has helped over a thousand people ease the stress financial burdens cause. His work focuses on business and personal reorganizations and bankruptcy rights of debtors and creditors. He provides individual attention and careful analysis of the affairs of deb
Medical bills are generally classified as nonpriority unsecured debts, and they’re a type of debt most likely to be discharged, or wiped clean, in a bankruptcy.
Medical Bankruptcies: Can You File For Bankruptcy Over Medical Bills? Saying that health care for Americans costs a lot of dollars is like saying it’s a lot of miles to the nearest star. Both are measured in trillions. U.S. health care spending reached $4.1 trillion in 2020, according to the most recent data from the Centers for Medicare & Medicaid Services. At th
Depending on whether you pursue Chapter 7 or Chapter 13 bankruptcy, it may be possible to include your title loan in a bankruptcy filing and have the loan discharged or restructured to provide more manageable payments. But you may also lose your vehicle if you cannot maintain loan repayment terms.
Are title loans included in bankruptcy? How car title loans are dealt with depends on what type of bankruptcy you’re filing.
The length of the waiting period between bankruptcy filings depends on what type of bankruptcy you previously filed and what type you intend to file now.
How often can you file for bankruptcy? There's no limit to how many times you can file for bankruptcy, but there is a limit on how often you can file for bankruptcy.
Missing credit card payments can result in late fees, penalty interest rates, and a hit to your credit score. If you're overwhelmed by credit card debt, an attorney can help you determine if bankruptcy can help.
What Happens When You Stop Making Credit Card Payments? If you stop paying your credit card, you can face serious consequences.
A 2005 bankruptcy bill tightened eligibility rules and implemented a bankruptcy means test. The results of the test help determine if you qualify to file for Chapter 7 bankruptcy.
How bankruptcy means testing works In 2005, Congress passed a hotly contested bankruptcy bill that tightened bankruptcy eligibility rules, thereby placing greater restrictions on eligibility to file Chapter 7 bankruptcy. One of the measures implemented by the new law was the bankruptcy means test. What is the bankruptcy means test
Bankruptcy is a legal process that allows individuals and businesses to resolve outstanding debts owed to creditors while offering them some protection during the process. How you file depends on whether you are an individual or a business, your level of income, and the kind of debt you have.
The different types of bankruptcy with their meanings and definitions Discover the different types of bankruptcies while learning the pros and cons of each kind. We cover chapters 7, 11, and 13 filings in our comprehensive guide.
When you’re undergoing Chapter 13 bankruptcy and are working toward fulfilling your payment plan, making on-time payments is critical.
Late On Chapter 13 Bankruptcy Payment. What Now? Being a week late on your Chapter 13 bankruptcy payment is probably no big deal, in most cases. Find out about the exceptions.
Americans increasingly turned to their credit cards to make ends meet heading into the summer, sending aggregate balances over $1 trillion for the first time ever, the New York Federal Reserve reported.
Credit card balances jump and are above $1 trillion for the first time Total credit card debt increased by $45 billion in the April-through-June period, an increase of more than 4% and just above $1 trillion.
More people in bankruptcy are beginning to use a legal process introduced in November by the Biden administration that is supposed to make it easier to discharge student debt. The process can be used for most federal student loans but excludes private loans.
Discharging Student Debt in Bankruptcy Is Supposed to Be Easier Than Before Last year, the Biden administration provided a new path to make it easier to discharge student loans in bankruptcy. The results appear promising, but success has been limited.
How long bankruptcy stays on your credit report depends on the type of bankruptcy you file. Chapter 7 bankruptcy will stay on your credit report for 10 years, while Chapter 13 bankruptcy will only stay on your report for 7 years.
How long does a bankruptcy stay on your credit report? The time it takes for a bankruptcy to fall off your credit report depends on the type of bankruptcy and if it’s Chapter 7 and Chapter 13 filing. Learn more.
Making the decision to file for any type of bankruptcy is likely to be a sounder one with the assistance of a qualified bankruptcy attorney.
When Should I File for Bankruptcy? | Bankrate.com The decision to file for bankruptcy when faced with overwhelming debt is one that most consider the last resort option. Here's when you should consider it, along with some alternatives.
Whether you're facing foreclosure, maxed-out credit cards or constant calls from creditors, you'll eventually have to do something for financial relief. One option is bankruptcy. However, you'll face a choice between Chapter 7 vs. Chapter 13 bankruptcy, so it helps to understand them.
Chapter 7 vs. Chapter 13 Bankruptcy Find out the key differences between Chapter 7 and Chapter 13 bankruptcy.
While in a Chapter 13 bankruptcy, you will need the court's permission to incur new debt. Getting a car loan during Chapter 13 bankruptcy is possible, but be prepared to pay higher interest rates.
Buying a car in Chapter 13 bankruptcy: How to do it Buying a car while in bankruptcy has a few more steps than normal. Learn how to navigate the process and alternatives.
As an unofficial term, medical bankruptcy isn't explicitly included in the United States Bankruptcy Code. Instead, most people file for Chapter 7 bankruptcy to erase their medical debts.
What are medical bankruptcies? Medical bankruptcy can help you discharge medical debt, but it shouldn't be declared lightly. Here's ways to avoid medical bankruptcy.
Filing for bankruptcy is a serious step, but sometimes it is the best way to get a new start.
How to File for Bankruptcy Follow this step-by-step guide to understand the process.
Once you file bankruptcy an automatic stay goes into effect, which temporarily stops creditors and other collection agencies from making collection efforts.
What Is An Automatic Stay In Bankruptcy? | Bankrate An automatic stay lets you work out your finances before creditors can attempt to collect a debt.
It is possible to discharge student loans in bankruptcy, but it’s more difficult than wiping out most other debts. Federal student loans are less likely to be discharged in bankruptcy due to their repayment options and strict standards around "undue hardship."
How to File Bankruptcy for Student Loans - NerdWallet You can discharge federal and private student loans in bankruptcy by proving that repayment creates an undue hardship for you.
Medical bills are generally classified as nonpriority unsecured debts, and they’re a type of debt most likely to be discharged, or wiped clean, in a bankruptcy.
What Happens To My Car When I File For Bankruptcy? | Bankrate If you want to hold on to your car after Chapter 7, you'll have to sign a reaffirmation agreement. Learn more.
The means test is a formula that determines whether a borrower can seek protection from creditors under Chapter 7 of the bankruptcy code.
The Bankruptcy Means Test: What Is It And How Does It Work? Bankruptcy offers a way for struggling borrowers to shed some or all of their debts and start fresh. But before debtors can get to that point, they must clear several hurdles—starting with the bankruptcy means test. Means Test Basics The means test is a formula that determines whether a borrow
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 provides federal bankruptcy protection for IRAs. Traditional and Roth IRAs are currently protected to a total value of $1,512,350, with adjustments for inflation made every three years.
Is My IRA Protected in a Bankruptcy? Learn which types of IRA accounts are protected from creditors in a bankruptcy, and to what dollar value each type of IRA is protected.
Bankruptcy -- including Chapter 7 and Chapter 13 bankruptcy -- is a last resort for consumers in financial distress, giving them a chance to liquidate their debts and get a fresh start.
Chapter 7 Bankruptcy and Chapter 13 Bankruptcy Statistics | The Motley Fool Are bankruptcies increasing or decreasing? Who files bankruptcy the most? Find the answers and more in these Chapter 7 and Chapter 13 bankruptcy statistics.
Chapter 13 bankruptcies can help individuals reorganize their debt and start fresh.
What is Chapter 13 bankruptcy? Chapter 13 bankruptcy is the second most popular bankruptcy filing, used for individuals with large debts. Here's how to file for Chapter 13 and the impacts.
Depending on your personal financial situation, the benefit of getting rid of your current debt may outweigh any long-term downsides of filing for bankruptcy. If you're not sure if bankruptcy is right for you, consider reaching out to a bankruptcy attorney to learn all of your options.
With consumer debt at an all-time high, a financial planner explains who should consider bankruptcy Bankruptcy does long-term damage to your credit, but depending on your situation, the benefits might outweigh the long-term downsides.
If you've declared bankruptcy previously and are considering filing again, the good news is there's no limit on the number of times you can file for bankruptcy. There are, however, time limits and other restrictions regarding how often you can file.
How Often Can You File for Bankruptcy? Learn how often you can file for bankruptcy.
There’s little point in entering a debt settlement or debt management plan if you’re not going to be able to pay as agreed. Talk with a bankruptcy attorney first, before you pursue any debt relief strategy.
Debt Relief: Understand Your Options and the Consequences - NerdWallet Debt relief changes the terms or amount of your debt so you can make headway in paying it off. Here are the relief options and their advantages and downsides.
Filing for bankruptcy will impact your credit score. But, you can start working on raising your score immediately after a bankruptcy. And the sooner you get started on good credit habits, the sooner the impact will show on your report.
What Happens to Your Credit Score after Bankruptcy? | Credit.com Find out what happens to your credit score after bankruptcy. Learn what steps you can take today to rebuild your credit score after filing for bankruptcy.
There are several types of Bankruptcy. To find out which type is right for you, consider discussing your financial situation with an experienced bankruptcy attorney.
What Is the Difference Between Chapter 7, 11, and 13 Bankruptcies? | Credit.com Do you know what type of bankruptcy might be right for you, if any? Discover the differences between chapter 7, 11, and 13 when it comes to bankruptcy.
Chapter 13 bankruptcy is a legal process that allows you to restructure your debt so that it’s more manageable.
Chapter 13 bankruptcy: What you need to know Chapter 13 lets you use your income to repay some of your debts.
Bankruptcy is a legal process that individuals and businesses can lean on as a way to eliminate all or a portion of their debt. There are several types of bankruptcies and the type of bankruptcy that is most suitable for your financial situation may vary.
Understanding bankruptcy—plus a few alternatives to consider Filing for bankruptcy can have its pros and cons—still, it may not be your only option.
Taking the time to improve your overall financial health after bankruptcy can set you on better footing for improving your credit and achieving your financial goals.
How to rebuild credit after bankruptcy The difficult reality of bankruptcy is that credit is an essential aspect of modern life. It’s in your interest to start rebuilding your credit score as soon as possible after bankruptcy.
Bankruptcy allows you to clear some, if not all, unsecured debt, which includes medical bills, credit card debt and personal loans. This can be extremely helpful for Americans who can have several types of debt from one medical emergency.
Can medical bankruptcy help with medical bills? If you’ve ever filed for bankruptcy protection, there’s a good chance that medical expenses were a big reason why. For instance, nearly three-fifths of debtors in a 2019 NIH study either very much, or somewhat, agreed that medical expenses contributed to their bankruptcies. Still, the term “
Debt can quickly spiral out of control, and it can be tough to reconcile your financial commitments. If you find you're unable to pay your outstanding bills, you might consider filing for bankruptcy.
What Is Bankruptcy? Learn the advantages and drawbacks of bankruptcy in our detailed guide.
Filing for protection from your creditors under the federal bankruptcy law will generally stop bill collectors from harassing you, and give you relief from many of your debts. However, tax debt is treated differently from other kinds.
Can Filing For Bankruptcy Make Your Tax Debt Go Away? You may have heard that if you’re up to your eyeballs in tax debt to the IRS, bankruptcy won’t help you. That’s true—most of the time. The nuanced reality is that filing for bankruptcy can clear away tax debt, in some cases. So if you’re struggling with back taxes you can’t pay, here’s...
Once filed, Chapter 7 bankruptcy can remain on your credit report for up to 10 years. And it makes new credit approval challenging. Buying a car during that time is still possible, but be prepared because to compensate for the increased risk, a lender may charge you a higher interest rate or require a larger down payment.
Can I buy a car after Chapter 7 bankruptcy? Even if you’ve gone through chapter 7 bankruptcy, there are ways to finance a car.
Getting a small business loan after going through bankruptcy is possible, but it can be a challenge.
Can You Get a Small Business Loan After Bankruptcy? | Bankrate It’s possible to get a business loan after bankruptcy, but it will take time. We’ll show you how long and steps you can take to help your approval chances.
Filing Chapter 7 bankruptcy is a serious financial decision for individuals who have large amounts of debt they likely won’t ever be able to repay.
What is Chapter 7 bankruptcy? Filing Chapter 7 bankruptcy is a serious financial decision for individuals who have large amounts of debt they likely won’t ever be able to repay. Though filing for Chapter 7 ultimately gives you a fresh financial start by eliminating debt, it may come with serious consequences, including negat
Congress exempts most retirement accounts from bankruptcy. However, each state and bankruptcy code has its own sets of exemptions, and not all retirement money is protected by bankruptcy status.
Can You Lose Your Retirement in a Bankruptcy? Bankruptcy comes with a lot of uncertainties. Learn whether you can lose your retirement savings in bankruptcy.
Chapter 13 bankruptcy is a legal process that restructures your debt and can, potentially, save your home from foreclosure. Your slate won’t be wiped clean, rather it is designed for individuals who can use continued income to pay off some debts.
What is Chapter 13 bankruptcy? Chapter 13 bankruptcy is a legal process that restructures your debt and can, potentially, save your home from foreclosure. Your slate won’t be wiped clean, rather it is designed for individuals who can use continued income to pay off some debts. Often referred to as “wage earner’s bankruptcy,...
It's possible to have student loans discharged in bankruptcy. But to do so, you will need to show that repayment poses an undue hardship.
You May Actually Be Able To Have Student Loan Debt Discharged in Bankruptcy Student loans have been difficult but not impossible to discharge in bankruptcy, and recent changes streamline the process for federal borrowers.
Click here to claim your Sponsored Listing.
Category
Contact the practice
Website
Address
New Haven, CT
06513
350 Orange Street
New Haven, 06511
At the law office of Jacobs, Grudberg, Belt, Dow & Katz P.C., we help individuals, families and businesses protect their legal rights and financial interests.
One Audubon Street, 3rd Floor
New Haven, 06511
Green & Sklarz LLC, a Connecticut-based law firm, provides individuals, families, and business owner
1 Whitney Avenue
New Haven, 06510
The Mills Law Firm, LLC , stands apart because of the experience of our attorneys, the quality and i
409 Orange Street
New Haven, 06511
The Law Office of W. Martyn Philpot, Jr. Located in New Haven, CT. Serving our community since 1994.
271 Whitney Avenue
New Haven, 06511
Brenner, Saltzman & Wallman brings a collaborative, team-oriented approach to client service, drawin
157 Church Street 19th Floor
New Haven, 06510
Personal Injury Law Firm “Victory starts with Vining Law”
555 Long Wharf Drive, 1st Fl
New Haven, 06511
Doyon & White Law Group is a Connecticut-based legal firm specializing in a wide array of services
P. O. Box 1441
New Haven, 06506
"Encouraging Each Other to Excellence"
43 Trumbull Street
New Haven, 06510
Personalized representation for railroad injury victims.
50 Elm Street
New Haven, 06510
Criminal Defense, Automobile Accidents, Personal Injury, Immigration
1172 Townsend Avenue
New Haven, 06512
Free Initial Consultation Injury cases; Wills; Litigation Commercial & Residential real estate