Legal Question in Bankruptcy in Connecticut

Re: Should I file bankruptcy?

Although you have not given me all of the facts necessary to answer your question, it does appear that you can file a Chapter 13, personal reorganization, for the purposes of paying your real property taxes (delinquent taxes) over the life of a Chapter 13 plan between 3 and 5 years, with interest on the delinquent taxes of about 7%. The arrearage figure in a bankruptcy case in Connecticut is approximately (it will vary based on prime rate interest as of the date of the confirmation of your case.

The main point of a Chapter 13 is to repay secured debt, such as taxes, over a period of time to save a house. The question becomes whether you can afford to make the payments under your Chapter 13 plan and also pay current real estate taxes (July 1, 2002) as well as your current mortgage. Under Chapter 13 you can fund the plan with income from disability and workmen's compensation. You need to prepare a budget to determine whether you have enough of a surplus to make the payments after paying for your mortgage and all of the other bills that you have (for example electrity, gas, food, etc.).

In summary, Chapter 13 is designed to help people keep their homes, and delay foreclosures by paying the secured debt.

I hope that this helps.