Benefits of Chapter 7 in West Haven

Chapter 7 eliminates all types of unsecured debt obligations while protecting your essential assets like paychecks, homes, cars and other personal belongings. Full unsecured debt relief through a properly prepared and completed Chapter 7 bankruptcy allows individuals and families to dedicate their monthly income to more important obligations like mortgages, taxes and the other high costs of living found in West Haven, CT. Full debt relief through a Chapter 7 Discharge protects your existing belongings, all future assets and all sources of future income.

 

Properly prepared Chapter 7 petitions provide for relief from almost all forms of unsecured debt. Mortgages and car loan payments continue but other less important debts are eliminated or “discharged” in full.

The protection of assets, combined with unsecured debt relief, assures that families enjoy the financial fresh start provided by properly prepared Chapter 7 filings. For a free consultation, call us at 203-230-2233 or toll free at 1-888-249-3027. Or fill out our simple online Contact Form.

Fighting to Assure Eligibility Through Means Testing at The Law Offices of Neil Crane

While the new Bankruptcy Code has significant eligibility or “means testing” requirements, our office has the knowledge gathered through experience. Our office has provided over 2,500 Connecticut families with Chapter 7 relief since implementation of the new and stricter Chapter 7 means testing standards.

While certain families may quickly qualify for Chapter 7 relief, many other individuals and families will be required to satisfy the means testing requirements of the new Bankruptcy Code in order to obtain full Chapter 7 relief. Proper and complete means testing requires extensive knowledge and experience along with the dedication necessary to achieve success under all the intricacies of Chapter 7 means testing.

The new bankruptcy laws create a greater need for the specialized talents of a highly qualified and experienced bankruptcy attorney. In order to obtain the full benefits still available under the law, you need the best possible legal counsel. In the hands of our skilled and experienced Chapter 7 bankruptcy attorneys, even higher income individuals and families can obtain permanent debt relief.

Chapter 7 Exemptions

The ability to protect belongings that assist you with a financial fresh start is an essential element of Chapter 7 bankruptcy law. These protections are known as exemptions. Experienced bankruptcy counsel understands the procedures used to fully exempt all assets using pre-bankruptcy asset planning to maximize exemption coverage, including:

  • Bank accounts with approximately $12,750 per person
  • Cars, trucks and other business vehicles
  • Equity in your home up to $75,000 per person
  • Household goods and essential belongings
  • Pensions, 401Ks and other tax qualified retirement accounts
  • Tools of your trade

Fully Prepared Chapter 7 Cases at the Law Offices of Neil Crane

The prompt and experienced action of knowledgeable bankruptcy counsel means that clients seeking Chapter 7 relief will receive immediate protection from creditor actions without the loss of assets while eliminating unsecured debt and protecting future income. Our experienced use of state and federal laws, we can guaranty that our clients avoid liens, repossessions, garnishments and other lawsuits by collecting creditors, including local, state or federal tax revenue officers.

At the Law Offices of Neil Crane, we’ve been helping West Haven residents obtain relief from overwhelming debt and providing financial fresh starts since 1983.

To learn more about protecting your assets and discharging your debts under Chapter 7, call our experienced Chapter 7 attorneys at 203-230-2233 or toll free at 1-888-249-3027. Or fill out our simple online Contact Form for a prompt response to your inquiry today.