Benefits of Chapter 7 in Norwalk
Chapter 7 bankruptcy provides full debt relief from unsecured general claims like credit card debt, personal loans, medical bills and older income taxes while preserving assets to assure a full and prompt financial recovery. Through the work of experienced and specialized legal counsel, Chapter 7 will provide the type of full debt relief that allows Norwalk residents to break the cycle of high interest unsecured debt and prioritize financial resources to more important family and household obligations. Properly prepared and filed Chapter 7 cases provide full, predictable and respectfully ordered financial relief.
At the Norwalk Law Offices of Neil Crane, we’ve successfully completed over 10,000 Chapter 7 filings for hardworking Connecticut residents throughout the state.
To learn if Chapter 7 can help you regain your financial future, contact an experienced Chapter 7 attorney for a free comprehensive initial consultation. Call us at 203-230-2233 or toll free at 1-888-249-3027, or fill out our Contact Form. You’ll speak directly with an Norwalk attorney. We never use voicemail.
Protected Assets and Exemptions Under Chapter 7
The ability to retain and protect assets necessary for your financial fresh start is an essential element of Chapter 7 bankruptcy law. These bankruptcy rules and laws for protection of assets assure that all parties seeking a financial fresh start will begin with all the basic items essential to ensure a prompt and full recovery. These protections are known as exemption laws. Experienced counsel knows how to cover all assets through solid, pre-bankruptcy asset planning and proper use of exemptions that protect:
- Home equity up to $75,000 per person
- Cash and other items up to $12,000+ per person
- Retirement accounts and pension assets
- 401K accounts, IRAs and tax exempt profit plans
- Personal household belongings
- And others…
Proper exemption planning requires specialized knowledge that assures you the maximum coverage necessary to protect all assets in every Chapter 7 filing.
The Chapter 7 Discharge and Future Income Protection
The goal of every Chapter 7 case is a court order legally extinguishing or “discharging” all forms of unsecured debt. This discharge order provides for the permanent protection of all existing assets along with all future assets and all future earnings.
The focus of Chapter 7 is always relief from overwhelming debt and the assured protection of individual and family financial futures. With the benefit of our specialized knowledge and vast experience, we’ve provided over 10,000 financial futures through the proper use of Chapter 7 court ordered debt relief.
To learn more about Norwalk Chapter 7 debt relief and asset protection, contact an experienced Chapter 7 attorney at the Law Offices of Neil Crane. Call us at 203-230-2233 or toll free at 1-888-249-3027, or fill out our Contact Form.