Balbus Law Firm

Our practice is limited to representing individuals and small businesses in cases under chapters 7, 11 and 13 of the Bankruptcy Code in Connecticut and neighboring counties in New York.

Balbus Law Firm works with you to understand your personal and business financial situation, to select the type of bankruptcy that is best for you and to guide you every step of the way through the bankruptcy process.

When you work with Balbus Law Firm, you work with a firm that practices exclusively bankruptcy law and a firm with the comprehensive knowledge and flexibility to file your bankruptcy case in the most advantageous bankruptcy chapter, whether it is chapter 7, 11, or 13.

Lead attorney Andrew Balbus' prior experience as an investment banker and business turnaround leader provides clients with a unique perspective in negotiating and restructuring debts and reorganizing businesses.

Deciding to reduce or eliminate your debts by filing for bankruptcy protection is a difficult decision. Most people do not understand bankruptcy and mistakenly assume that filing for bankruptcy protection is a "cure" worse than the debt "disease."

Considering bankruptcy and educating yourself on this website is a courageous first step in dealing with unmanageable debt. We invite you to take the next step — a free, no obligation, initial consultation with us.

In a typical individual case, we will meet with the client to learn about the client's financial situation. Most people want to pay their debts. But, a job loss, divorce, medical problem or a decline in the economy may make those debts unmanageable. Some clients are facing foreclosure and want to save their houses. In other cases, houses are so far underwater that clients want to surrender the house but be relieved of liability for the mortgage deficiency. Cars subject to loans pose similar issues. Almost every client has significant credit card debt that has to be carefully reviewed to make sure it is dischargeable in bankruptcy. Clients want to know if they can keep their houses, cars and other assets. Houses and cars usually can be retained. Keeping other assets may require special planning in advance of bankruptcy. We educate clients about the entire bankruptcy process and what to expect to happen to their credit scores following bankruptcy.

Business cases differ significantly depending upon the nature of the business, whether the business can be reorganized, whether the business has to be liquidated, whether assets can be sold to pay creditors, whether contracts and leases can be restructured to save the business money and other issues. We work closely with management to understand the business's financial situation and to develop a strategy to take the business through bankruptcy and, wherever possible, to emerge as a healthy, reorganized business.