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Credit Card Debt Consolidation Help  in Connecticut
Call Today: (877) 274-1260
If you successfully complete our program, it’s possible that you’ll enjoy these benefits:
Settle your debts for less than you owe
  (read here for full details about how much you can expect to save)
Resolve your unsecured debts in 18 to 60 months
  (read here for full details on how long our program lasts)
No Up Front Fees - Don't Pay Till You See Results!
 
 
 
Connecticut  Debt Relief
Debt settlement, also known as debt negotiation and debt reduction, is the process by which we negotiate and settle a debt for a reduced amount on behalf of a client. When successful, it is possible that Franklin Debt Relief can settle their debts for less than what is owed, all with the convenience of one low program payment. The savings from our debt settlement program can potentially be tremendous versus making your minimum payments, and it is in some cases the cheapest and fastest debt relief, debt consolidation or debt help option available to Connecticut consumers.

If you're overwhelmed with credit cards, medical bills, balances from a repossession, or accounts in collections, call for a free consultation: (877) 274-1260.
 
Pertinent Connecticut  Debt Relief and Debt Help Laws
(This is intended to be a helpful and informational debt resource for Connecticut consumers and does not constitute legal advice. For legal advice about your situation, contact a licensed professional in Connecticut.)

Debt Collection

Connecticut follows the set of federal laws dealing with collection agencies (and law firms that collect debts) that are collectively known as the Fair Debt Collection Practices Act (FDCPA). For more information on the FDCPA follow this link: debt collection.

-No creditor shall use any abusive, harassing, fraudulent, deceptive or misleading representation, device or practice to collect or attempt to collect any debt.

-Maximum Interest Rate a Collection Agency Can Charge in Connecticut: 8%

Connecticut Debt Help Law

Statute of Limitations

A statute of limitations is a law that sets forth the maximum period of time, after certain events, that legal proceedings based on those events may be initiated. For debt, the statutes of limitation apply to the maximum period of time after a consumer has become delinquent on their payments. The key point to remember is that you are considered delinquent not from the date of your last payment, but rather the day after you have gone past due. In other words, if you made your last payment on 3/3/03 and your next payment was due the same day of the next month, the statute of limitations on the debt would not start running until 4/4/04. The statutes of limitations vary from state to state and depend on the type of debt and where the original transaction took place (i.e. if you took the loan out in Texas but currently live in Connecticut, the applicable statutes of limitations would be Texas'.)

Oral Agreements: 6 years
Written Contracts: 6 years
Promissory Notes: 6 years
Open Accounts (credit cards): 6 years

Connecticut Wage Protection: 75% of weekly disposable income (income after taxes), or 40 times the state or federal minimum hourly wage, whichever is greater

Bankruptcy Courts

Bridgeport Office
915 Lafayette Boulevard
Bridgeport, CT 06604
Main Number: (203) 579-5808

Hartford Main Office
450 Main Street
Hartford, CT 06103
Main Number: (860) 240-3675

New Haven Office
157 Church Street
New Haven, CT 06510
Main Number: (203) 773-2009

Bankruptcy Exemptions

Bankruptcy exemptions are protected assets that the bankruptcy code mandates that a debtor is entitled to keep in order to adequately get a "fresh start" after filing. Bankruptcy exemptions vary from state to state, and the following list is the property that is protected in the bankruptcy code of Connecticut. For more information, follow this link: bankruptcy exemptions.

Real estate, Auto, Personal Property

-Real property, including mobile or manufactured home, to $75,000; up to $125,000 in the case of a judgment arising out of services provided at hospital
-Motor vehicle to $1,500
-$1000 of any property
-Appliances, food, clothing, furniture, bedding
-Burial plot
-Health aids needed
-Proceeds for damaged exempt property
-Residential utility & security deposits for 1 residence
-Spendthrift trust funds required for support of debtor & family
-Transfers to a nonprofit debt adjuster
-Wedding & engagement rings

Insurance

-Disability benefits paid by association for its members
-fraternal benefit society benefits
-Health or disability benefits
-Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiary's creditors
-Life insurance proceeds or avails
-Unmatured life insurance policy loan value to $4,000

Public Benefits

-Crime victims' compensation
-Public assistance
-Social security
-Unemployment compensation
-Veterans' benefits
-Workers' compensation

Pensions

-ERISA-qualified benefits, including IRAs, Roth IRAs, &Keoghs, to extent wages exempt
-Medical savings account
-Municipal employees
-State employees
-Teachers

Tools of Trade

-Arms, military equipment, uniforms, musical instruments of military personnel
-Tools, books, instruments, & farm animals needed

Other

-Alimony, to extent wages exempt
-Child support
-Farm partnership animals and livestock feed reasonably required to run farm where at least 50% of partners are members of same family
 
 
 
 
 

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