Chapter 7 Bankruptcy Solutions to Help You Get a Fresh Start
If you are looking for solutions to your debt-related difficulties, talk with a lawyer at The Law Offices of Neil Crane, LLC. Our Connecticut law firm is dedicated to helping people escape the pressures of creditor harassment, default notices, late fees, interest penalties, and other debt problems through bankruptcy and other debt relief measures. One debt solution that has helped countless clients obtain the fresh start they needed is Chapter 7 bankruptcy.
Chapter 7 bankruptcy can stop harassing phone calls from debt collectors.
Contact a Connecticut Chapter 7 bankruptcy attorney at The Law Offices of Neil Crane, LLC, to learn your debt relief options. From offices in Hamden, Bridgeport, Waterbury, Rocky Hill, and Ridgefield, we provide Chapter 7 bankruptcy services and other debt relief solutions to clients throughout Connecticut.
Hartford Attorneys Helping You Stop Creditor Harassment and Get Debt Relief
Chapter 7 bankruptcy is the most complete debt relief available under the Bankruptcy Code. It completely discharges almost all forms of unsecured debt — allowing people to walk away from unsecured debts, such as:
- Lawsuits, judgments and garnishments
- Credit card debt
- Medical bills
- Old apartment rent payments
- Many types of older tax debt
- Personal unsecured loans (loans not secured by collateral)
- Other debts
If you file for Chapter 7 bankruptcy, you may choose to eliminate certain secured debt as well, such as an automobile loan or a house mortgate. DON'T FEAR! The first step in examining families for Chapter 7 relief is an analysis of household income from all sources over a trailing six month period. This income, doubled, becomes the determining household annual income for purposes of determining eligibility for "automatic" Chapter 7 relief with its full discharge of unsecured debt and no repayment. Family size is determined by the number of dependents listed on the prior year's tax return. In Connecticut, the numbers are approximately:
Family of 1 - $57,000+ Family of 2 - $ 72,000
Family of 3 - $83,000+ Family of 4 - $103,000
All additional individuals - $7,000 per person
For families who are over these median numbers, the 2005 laws require a "Means Test:. This is a somewhat complicated analysis of your income and expenses over the past six months. It utilizes formulated amounts of "allowable deductions" for certain expenses and overriding "actual deductions" for certain types of monthly expenses, such as mortgage payments, car loans, support obligations and others.
Excellent practitioners know how to use the fullest extent of the law to maximize client's utilization of both elements of the examination, "household income" and "allowable expenses." The rules are complicated and extensive, but the key to Chapter 7 relief under the means test is good lawyering and full implementation of all aspects of means testing rules and regulations. It takes work, but it's worth it.
People who do not qualify for Chapter 7 bankruptcy may still qualify for Chapter 13 bankruptcy. At The Law Offices of Neil Crane, LLC, we can help make sure your decision will be the right one for you.
Chapter 7 Is Alive and Well After the New Bankruptcy Laws
After the new bankruptcy laws went into effect in 2005, we are pleased to report that — although there are greater paperwork demands — The Law Offices of Neil Crane, LLC, is still able to obtain Chapter 7 bankruptcy relief in the vast majority of cases. In all events, Chapter 13 is available to all clients. The death of bankruptcy relief has, in fact, been exaggerated and over-publicized. Most clients can still obtain the same debt relief that was available under the old law.
In the hands of skillful and experienced Connecticut Chapter 7 bankruptcy attorneys, clients can still get immediate protection. Permanent debt relief is still available. Now, more than ever, early and thorough preparation is critical to obtaining this relief.
Talk With Us About the Benefits of Filing for Bankruptcy
There are many benefits to filing Chapter 7 bankruptcy. Please do not hesitate to call us today at 888-249-3027 or toll-free 1-800-616-DEBT to discuss these benefits with an experienced attorney. You may also complete our online contact form.
Because your financial relief is our highest priority, we do not use voice mail. Every call placed during normal business hours is answered by a live person. If an attorney cannot speak with you immediately, your call will always be returned by an attorney promptly.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
