Legal Question in Bankruptcy in Connecticut

Bankruptcy Law Changes

What are the changes to the bankruptcy law that takes effect in October 05?


Asked on 6/15/05, 10:55 am

1 Answer from Attorneys

Joel M. Grafstein Grafstein & Arcaro, LLC

Re: Bankruptcy Law Changes

There are too many changes, a summary is that if your income exceeds the state median, $65,000 per person and $85,000 per working couple, you will required to repay your creditors over a 5 year plan. All of your bills will have to be justified and documented and you will have to go through credit counselling prior to filing a bankruptcy. It is wise to file before 10-17-05.

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Answered on 6/19/05, 5:48 pm


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