Bankruptcy Lawyer: Guilford Connecticut

As the recession continues to linger and more layoffs occur many people are facing mounting debt from balances on credit cards, car payments and mortgages. Even in a wealthy town like Guilford, CT the realities of an economic downturn spare no one and many people are now struggling to keep pace with high interest rates on loans. If you or someone you know is dealing with debt beyond their means contact experienced CT bankruptcy attorney Chris Carrozzella and get the facts and information you need to successfully file a Ch. 7 or Ch. 13 bankruptcy.

The Recession of 2007

The recession that began in 2007 took everyone by surprise. Major banks failed, blue chip companies folded and thousands of people were laid off due to forced cut backs. Even people who practiced sound financial planning found themselves in debt because stocks plunged and real estate prices dropped significantly. A home someone was expecting to sell for $450,000 suddenly was only worth $100,000.

Because of the suddenness and sweeping impact of the economic downturn many people were left with no choice but to go into debt. Now those same people are struggling to keep up with rising interest rates and looking for relief. Though filing for bankruptcy is the last thing someone wants to consider difficult financial times call for drastic measures and a Ch. 7 or Ch. 13 personal bankruptcy may be the answer to your debt woes.

Guilford CT Bankruptcy Attorney

If you live in Guilford, CT and are behind on payments to credit card companies, a car loan or mortgage and are considering filing for bankruptcy contact the law offices of experienced bankruptcy attorney Chris Carrozzella. With one phone call you can get started on a plan that will help to alleviate panic and stress and put your finances in order so you can start saving money while you pay off outstanding debts.