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Business Bankruptcy Law Lawyers In Wilton Connecticut

Wilton is a town in Fairfield County, Connecticut, in the United States. As of the 2000 census, the town population was 17,633. In 2007, it was voted as one of CNN Money's "Best Places to Live" in the United States. Located along Connecticut's Gold Coast, it is one of the most affluent communities in the United States. According to CNNMoney, Wilton has a median family income of $194,362 and an average home price of $1,006,017, making it one of the most expensive places to live in the country. Wilton was officially recognized as a parish in 1726. The original 40 families of the parish began their own Congregational Church and were allowed by Norwalk to hire a minister (Robert Sturgeon, who also became the town's first schoolmaster) open schools and build roads. During the Revolutionary war, in 1777 the British used Wilton as an escape route after their successful raid on Danbury. Several homes were burned, but the town remained intact. In 1802, Wilton was granted a Town Charter by the Connecticut General Assembly and became a political entity independent from Norwalk. With a strong anti-slavery sentiment by its residents, Wilton served as a stop on the Underground Railroad. Today, Wilton, like many other Fairfield County towns, is an expensive residential community with open lands (a testament to its colonial farming roots), historic architecture and extensive town services. Residents commonly commute to New York City, Stamford, and Norwalk, although there are a number of office buildings in town. AIG Financial Products is headquartered in the town. Its trading in credit derivatives essentially bankrupted its parent company, AIG, and helped create the global financial crisis of 2008–2009.

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. § 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...