Benefits of Filing Chapter 7 Bankruptcy in Trumbull, CT

For more than 30 years, we've provided prompt and predictable Chapter 7 debt relief for Trumbull residents struggling with overwhelming debt problems. For many families, our experience shows Chapter 7 is the best available option to obtain the much needed debt relief necessary to create a balanced budget. Chapter 7 provides full unsecured debt relief, ends all forms of creditor collections and protects future household income. The proper preparation and utilization of a Chapter 7 filing relieves high interest credit card debt while permanently protecting homes, cars, bank accounts and future household income.

 

Chapter 7 is a court-sanctioned proceeding for the protection of assets along with full relief from all forms of general unsecured debt. In the hands of specialized bankruptcy legal counsel, Chapter 7 is a predictable and respected process that involves only a one-time office meeting and no court attendance. Obtaining the best, most experienced Chapter 7 legal counsel is the critical first step to comprehensive debt relief eligibility and a financial fresh start.

The goal of every Chapter 7 case is a court order that legally extinguishes or "discharges" all forms of unsecured debt. The discharge order assures the permanent protection of all existing assets, future assets, and all future earnings.

To learn more about how our experienced use of Chapter 7 for Trumbull, CT residents can turn your life around, call one of our Chapter 7 bankruptcy attorneys at 203-230-2233 or toll free at 1-888-249-3027. You'll always speak directly with an attorney - We never use voicemail. Or contact us by filling out our online Contact Form for a prompt response to your inquiry.

Chapter 7 Asset Protection and Exemptions

If you're mired in overwhelming debt, unpaid obligations, or even lawsuits, our Chapter 7 bankruptcy attorneys can protect your assets from repossession, garnishments, liens and collection actions. Our use of Chapter 7 bankruptcy laws will provide you with prompt full unsecured debt relief and exemptions to protect most important assets, like:

  • Cash or any other items up to $12,750+ per person
  • Home equity up to $75,000 per person
  • Personal belongings, at tag sale value up to $8,000+ per person
  • Automobiles, trucks and motorcycles
  • Cash value Life insurance up to $12,000+ per person
  • Pension assets
  • 401K accounts, IRAs and other tax qualified retirement accounts
  • 529 accounts and custodial accounts
  • And others

Proper exemption planning requires the specialized knowledge that provides you with the maximum exemption coverage necessary to protect all assets in every Chapter 7 filing.

To learn more about the proper utilization of the automatic stay of Chapter 7 and exemptions under Chapter 7, call the experienced Chapter 7 attorneys of the Law Offices of Neil Crane at 203-230-2233 or toll free at 1-888-249-3027. Or fill out our simple online Contact Form for a prompt response today.

Discharging Debt Under Chapter 7 Bankruptcy in Fairfield County

Pre-Filing Preparations: Prior to any filing, it is essential that specialized counsel concentrate on:

- Full evaluation of all the debts in your personal case

- Review and protection of all assets and belongings

- Detailed analysis of your income and expenses

- Complete documentation and thorough presentation

- Means testing for full Chapter 7 coverage and complete relief from all unsecured debt

The Chapter 7 Filing Date: This is the final step in court submission of a Chapter 7 petition with all proper supporting documentation. The filing immediately creates an Order for Relief, and an automatic stay. The automatic stay prevents all further collection actions, phone calls, lawsuits, foreclosures, liens or levies.

Discharge: This is the Court Order which formally eliminates or "discharges" all forms of unsecured general debt listed on the bankruptcy petition. It is a permanent order of the federal court that clears all prior debt, protects exempt assets and protects future pay or future assets.

To learn more about the Chapter 7 process, call our experienced attorneys at the Law Offices of Neil Crane 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.