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Business Bankruptcy Law Lawyers In Torrington Connecticut

Torrington is the largest city in Litchfield County, Connecticut and the northwestern Connecticut region. It is also the core city of the largest micropolitan area in the United States. The population was 36,248 at the 2000 census. Torrington is a former mill town, as are most other towns along the Naugatuck River Valley. It is currently competing with the neighboring city of Winsted to recreate a pleasant Main Street environment. Downtown Torrington is home to the Nutmeg Conservatory for the Arts, which trains ballet dancers and whose Company performs in the Warner Theatre, a 1,700 seat auditorium restored in 2002 to its original 1931 glory. The theater, while originally built as a cinema by the Warner Brothers film studio, has been reborn as a performing arts venue and arts instruction organization, and will serve as a cornerstone of the city's downtown revitalization project. Downtown Torrington also hosts the largest Lodge of Elks in New England. Elks Lodge #372 supports many community activities and events. The daily newspaper in town is The Register Citizen, a Journal Register Company publication that serves Torrington and Winsted, in addition to most of the Northwest Corner.

What is business bankruptcy law?

Business Bankruptcy involves the legal process that insolvent businesses take to insure fairness and equality upon creditors and to help the debtor company start anew with the property the company is allowed to keep without being hampered by their liabilities. Business Bankruptcy attorneys advise on debt relief options and guide companies through each phase of a federal bankruptcy filing -- including Chapter 7 bankruptcy debt discharge plans and Chapter 11 bankruptcy debt reorganization plans. Bankruptcy attorneys may also represent creditors seeking to have their rights enforced in connection with the bankruptcy reorganization of a debtor.

Personal Bankruptcy attorneys also advise on debt relief options and guide individuals through each phase of a federal bankruptcy filing.

Answers to business bankruptcy law issues in Connecticut

There are six basic types of bankruptcy cases provided for under the Bankruptcy Code, each of which is discussed...

Official Bankruptcy Forms must be used to file and take action in bankruptcy cases. Procedural Forms also may be...

Chapter 7 of the Bankruptcy Code provides for "liquidation," ( i.e., the sale of a debtor's nonexempt property and...

Chapter 9 of the Bankruptcy Code provides for reorganization of municipalities (which includes cities and towns, as...

Chapter 11 of the Bankruptcy Code provides (generally) for reorganization, usually involving a corporation or...

Chapter 12 of the Bankruptcy Code provides for adjustment of debts of a "family farmer," or a "family fisherman" as...

Chapter 15 is a new chapter added to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection...

Although the Bankruptcy Code provides for a stockbroker liquidation proceeding (11 U.S.C. ยง 741 et seq.), it is far...

Most debtors who file a bankruptcy petition, and many of their creditors, know very little about the bankruptcy...

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...

Federal court opinions concerning business bankruptcy law in Connecticut