Stamford Chapter 7 Bankruptcy Lawyers

The high cost of living in Stamford and the surrounding Fairfield County area has caused many hardworking families to take on overwhelming debt loads that quickly exceed their available monthly income. With some of the highest costs of housing in the entire country, Fairfield County residents cannot afford the further burden of high interest loans and credit card obligations. These reoccurring monthly costs can force other more important obligations to fall into delay and default. For those unable to reduce their debt in any other fashion, a properly prepared and filed Chapter 7 petition can protect assets and provide a true financial fresh start.

 

At the Law Offices of Neil Crane, we have been one of the leading providers of full Chapter 7 relief in Stamford and throughout Connecticut since 1983. Our experienced attorneys and dedicated staff have filed and completed over 10,000 successful bankruptcy proceedings.

To learn more, contact us for a confidential and comprehensive free consultation. Call us at 203-230-2233 or toll free at 1-888-249-3027, or fill out our Contact Form for a prompt response from an experienced Stamford Chapter 7 bankruptcy attorney.

Obtaining Full Eligibility and Means Testing Under Chapter 7

While the new Bankruptcy Code restricts Chapter 7 eligibility by providing for income restrictions and defined allowable expenses, specialized Chapter 7 bankruptcy counsel understands how to utilize all available avenues to obtain full eligibility for the comprehensive unsecured debt relief still available in properly prepared Chapter 7 bankruptcy filings.

The new Bankruptcy Code provides median income numbers under which full Chapter 7 relief is available. Additionally, it has provided for further protection under the new “means testing” guidelines for qualified Chapter 7 eligibility for higher income individuals and families.

Means testing is a somewhat complicated process that utilizes a calculation of allowable expenses and qualified monthly income to provide debt relief options at higher income amounts. Give the high cost of housing and general living costs in the Stamford area, means testing expertise is a crucial component to obtaining the full protection and full debt relief available under Chapter 7.

At the Law Offices of Neil Crane, we’ve successfully completed over 2,500 Connecticut Chapter 7 cases under the “means testing” requirement of the new Bankruptcy Code.

To learn how you can qualify for debt relief and elimination under Chapter 7, contact a knowledgeable and experienced Stamford Chapter 7 bankruptcy attorney at the Law Offices of Neil Crane. Call 203-230-2233 or toll free at 1-888-249-3027 for a free, comprehensive initial consultation, or contact us by filling out our simple Contact Form.

Unsecured Debt Relief and the Chapter 7 Bankruptcy Process

Chapter 7 bankruptcy provides for the full elimination or discharge of unsecured debt like credit cards, personal loans, medical bills, older income taxes and other forms of signature loans. The critical step in the Chapter 7 process is the specialized preparation of all court documentation and qualifications prior to the filing of any Chapter 7 court proceeding. Properly done, Chapter 7 is a completely predictable and orderly solution to overwhelming unsecured debt.

Chapter 7 allows for recovery through a vastly improved debt-to-income ratio that allows limited family financial resources to be dedicated to more important obligations like mortgage payments, car loans and other required costs of living.

To see if Chapter 7 is the right approach to resolving your financial difficulties, call an experienced Chapter 7 lawyer at the Law Offices of Neil Crane. You’ll always speak directly with an attorney. We never use voicemail. Contact us at 203-230-2233 or toll free at 1-888-249-3027, or by filling out our Contact Form.