One of the main benefits of filing for bankruptcy is the ability to protect your property. However, these federal laws can be superseded by state laws regarding exceptions. Two states with very specific laws regarding these exceptions are Colorado and Connecticut.

In the western state of Colorado there are many different kinds of income and assets that can be considered as exceptions. First, there are a number of kinds of property or income that can be one hundred percent free of the threat of liquidation. This can include payments from regular life insurance and group life insurance. Secondly, there are some assets that are only partly protected. Unfortunately, this protection will not cover rental homes or vacation homes. Also, motor vehicles are protected but only for up to three thousand dollars in value. People with special needs, such as the disabled, may be able to protect up to six thousand dollars in value however.

The eastern state of Connecticut also has some very specific laws regarding bankruptcy exceptions. This state is thankfully more generous with certain exceptions. Things that are likely to be one hundred percent protected include payments from worker’s compensation, unemployment benefits, retirement plans, life insurance, and certain kinds of physical property such as household furniture and tools that are used in a debtor’s line of work.

The homestead exception in Connecticut is also much more generous. For a house, mobile home, or condominium, up to seventy five thousand dollars in equity can be protected. Unfortunately, the total claimed by two spouses who file cannot exceed this number. Unlike the homestead exception, the exception for motor vehicles can sometimes be less than it would be in Colorado. In Connecticut, up to fifteen hundred dollars in value of a vehicle can be protected. However, if a person files with a spouse, up to three thousand dollars can be protected.

Connecticut law also allows for something called a wild card exception. Using this wild card exception, a debtor can protect one thousand dollars in value of any kind of property he or she owns. This kind of protection does not exist in Colorado.

There are many other exceptions in these two states, and laws regarding exceptions can change rather quickly. This is why it is suggested that if you live in either Colorado or Connecticut and are considering filing for personal bankruptcy. This way, you can discuss exactly what property of yours can be protected during bankruptcy proceedings.

Coan, Lewendon, Gulliver & Miltenberger, LLC is a Connecticut bankruptcy law firm with expertise in the full range of commercial and personal bankruptcies and business reorganizations. For 28 years they have provided thoughtful and effective representation for clients in each bankruptcy court in the District of Connecticut.

Their practice in issues affecting the elderly and the incapacitated for the past 28 years has included counseling clients about options when planning for their health, housing, finances, and estate plans. Their reputation throughout the Connecticut legal community is one of respect for our exceptional depth of knowledge and for their dedication to their clients’ concerns. Their record of results speaks to the success of that dedication. Contact them by phone or email for more detail.

When one of your family members dies as a result of negligence of one person or even an entity, you are entitled to an accidental death or wrongful death claim. For as long as the death was brought about by a careless, intentional or reckless act of one person or entity, it doesn’t really matter whether the cause of the death is due to a car accident, medical negligence, an injury encountered during work hours, or even abuse gotten from nursing home.

In such case, the respondents of your complaint may defend themselves saying that they did not mean to do it and that it was an accident. While it is true that accidents do happen, most of them can be avoided by practicing proper diligence and care. In this situation, that defense may not stand scrutiny in court because the mere fact that they did not exercise the needed meticulousness and concern required of them is enough proof that they are directly responsible for the wrongful death that occurred.

It does not matter what the intentions of the respondent are. The fact that their action or inaction caused your loved one to die is enough reason for you to file for compensatory damages against them. In fact, if the evidence so warrants, you may even file for pecuniary and punitive damages so that such things can never happen again in the future.

However, since the loss of a loved one is considered to be an irreplaceable damage, it is difficult to equate an exact amount for what used to be the center of your life’s happiness. Assuming the wrongful death happened to a person you absolutely adore and love, can you put a price on the companionship that he or she gives you? Definitely not. If you are in a quandary on how to proceed with the complaint that you wanted to file, it might be a good idea to seek out an wrongful death law firm to help you determine the amount of damages you should file.

A wrongful death law firm has a battery of lawyers that are experts in all kinds of wrongful death suits. They can appraise the evidence that you have and advise you on the options available to you. If you choose to proceed, they can help you gather more evidence and secure witnesses to strengthen your case.

Atlanta wrongful death attorneys at The Cochran Firm Atlanta are committed to representing victims of serious personal injuries and wrongful deaths. They dedicate their careers to helping people who have been hurt by the negligence or wrongful acts of large companies or municipal powers, including the police. Their team is energetic and focused. They take your story seriously and arrive in court prepared to fix your situation. They are proud advocates who strive to restore justice.

The Cochran Firm Atlanta only gets paid if they can present you with results. They understand that personal injuries can be financially devastating. They believe that even victims in economic distress have a right to a forceful lawyer who will try their case with a strong enthusiasm for justice. They are eager to help personal injury victims who may feel like society doesn’t care about the wrongs done to them. They will assert your case with the vigor you deserve. Consultations are always free. Call toll-free now or use their convenient contact form to discuss your wrongful death, truck accident, medical malpractice or auto accident case. This time, you have the advantage.