Firm Overview

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.

Example cases

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.

Main Office

Main
108 Mill Plain Road
Suite 200
Danbury  CT  06811

Phone
  • (203) 286-4121
Fax
  • (203) 286-4126

Fees

Free Initial Consultation?

We offer a free initial consultation which generally takes one hour for an individual consultation and a little longer for a business consultation.

Services Offered For Fixed Fees?

The cost of legal services varies depending upon the facts and circumstances of each case, but we try to carefully estimate the cost in advance. We offer a free initial consolation during which we will advise you of the bankruptcy options available to you and the approximate cost of each option.

Hourly Rates

We offer hourly rates, but whenever possible we try to fix a price for services in advance, based upon the facts and circumstances of the case.

Office Information

Office Hours

Regular office hours are Monday through Friday 9:00 a.m. to 5:00 p.m.
Additional hours are by appointment.

Office Manager

Balbus Law Firm does not have an Office Manager. We are a small law firm dedicated to the highest quality bankruptcy practice. Your email and telephone inquiries will be handled quickly.

Emergency After Hours

Yes

Languages Spoken

Although Attorney Balbus spent time working as an investment banker in Latin America, his Spanish language skills are now regrettably conversational at best.

Bankruptcy
The specialty of the Balbus Law Firm is 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.
Besides having the comprehensive knowledge and flexibility to file a bankruptcy case in the most advantageous bankruptcy chapter, whether it is chapter 7, 11, or 13, the sub-specialty of Balbus Law Firm is representing individuals in Chapter 11.

Recently, Balbus Law Firm successfully led a television producer and dentist through bankruptcy as individuals in Chapter 11, reducing their debt loads by hundreds of thousands of dollars and enabling them to emerge from bankruptcy within one year from filing with manageable debt loads and reorganized businesses.

Andrew Balbus is a frequent contributor to the prestigious Norton Journal of Bankruptcy Law and Practice on the subject of whether the absolute priority rule applies to individuals in Chapter 11 and has been cited by numerous bankruptcy judges in their opinions on that issue. His articles are available on the Balbus Law Firm website www.balbuslaw.com.

Is your firm willing to help a client with one discrete part of a case, without taking on the whole case?

No. Bankruptcy law does not lend itself to helping a client with one part of a petition or one part of a case.

What are your policies about dividing work within the firm to make the process most cost-effective for the client?

Work is performed in the most cost efficient manner and clients are advised in advance regarding the cost of all services.

How frequently does your firm use mediation, arbitration, or collaborative law to resolve cases?

Mediation and arbitration would certainly be considered where appropriate. As a practical matter, alternate dispute resolution methods generally arise as possibilities only in adversary proceedings, which are not common to most individual and small business bankruptcies.

Does your firm provide pro bono legal services or otherwise participate in your community?

Yes. Balbus Law Firm is frequently appointed pro bono counsel by the Bankruptcy Courts in Bridgeport and New Haven.

What distinguishes your law firm from others?

The Balbus Law Firm utilizes Andrew Balbus' unique background in law, finance and turnaround management to take a multidisciplinary approach to the bankruptcy process. Balbus Law Firm works with you to understand your personal and business financial situation. Because our practice is limited solely to representing individuals and small businesses in bankruptcy and because we have the flexibility and expertise to be able to file cases in all bankruptcy chapters, Balbus Law Firm will select the type of bankruptcy and develop a bankruptcy exit strategy that will produce the very best result for you.

What is your firm's point of view regarding clients educating themselves on legal issues?

Bankruptcy law is complicated and complex. While we will educate clients on the process generally and specific issues, the more knowledge a client has about bankruptcy, the better. Nolo materials are excellent in that regard.

Is your firm willing to review documents prepared by clients?

No. Filing a bankruptcy petition is very complicated and requires a thorough understanding of bankruptcy law. We prepare petitions for clients only after an in-depth analysis of the client's financial situation. Petitions that are prepared incompletely or inaccurately can create serious problems for the filer.

Is your firm willing to coach clients who want to represent themselves?

No. Bankruptcy law does not lend itself to coaching clients to represent themselves.

Balbus Law Firm was established in 2011. Prior to founding the Balbus Law Firm, Andrew Balbus received an LL.M. Masters of Law degree in Bankruptcy law from St John's University. Because successful bankruptcy practice requires not only specialized knowledge of the complexities of the Bankruptcy Code and Rules, but also knowledge of a broad range of discrete substantive areas, including accounting, taxation, real estate, securities, finance and domestic relations, the St. John's LL.M. in Bankruptcy integrates elements of these disciplines into a curriculum taught by distinguished academics, leading bankruptcy practitioners and sitting and retired bankruptcy judges. Prior to founding Balbus Law Firm, Mr Balbus spent three decades as a lawyer, investment banker, business turnaround leader and entrepreneur. The Balbus Law Firm utilizes Andrew Balbus' unique background in law, finance and turnaround management to take a multidisciplinary approach to the bankruptcy process.

Work is performed in the most cost efficient manner and clients are advised in advance regarding the cost of all services.

License
  • Bar Number: 431688
    Connecticut , 2010

Andrew Balbus

Andrew Balbus received his J.D. degree with honors from Harvard Law School and his LL.M. Masters of Laws degree in bankruptcy law from St. John's University School of Law. He is believed to be the only graduate of Harvard Law School to have earned an LL.M. Masters of Laws degree in bankruptcy law.

In addition to his legal education, Mr. Balbus has a Master of Business Administration (MBA) degree in finance from the Columbia University School of Business and a bachelor's degree magna cum laude in accounting/management science from Duke University. Prior to founding Balbus Law Firm, Mr. Balbus spent three decades as a lawyer, investment banker, business turnaround leader and entrepreneur.

Mr. Balbus is admitted to practice in Connecticut and New York. He is a member of the National Association of Consumer Bankruptcy Lawyers (NACBA), the American Bankruptcy Institute (ABI), the Connecticut Bar Association (CBA) and the Hudson Valley Bankruptcy Bar Association (HVBBA). Mr. Balbus is a member of the Phi Beta Kappa and Beta Gamma Sigma national honor societies.
License
  • Bar Number: 431688
    Connecticut , 2010
  • Bar Number: 1761220
    New York , 1982

* Nolo has confirmed that every member attorney has a valid license and is in good standing with the state agency that licenses lawyers. Any past disbarments and suspensions (with possible exceptions for minor violations or nonpayment of dues, in our discretion) will be indicated accordingly in the badge. Member attorneys are required to notify Nolo immediately if they become the subject of any disciplinary action by any state licensing agency.

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