Chapter 7 Bankruptcy

Chapter 7 Bankruptcy Attorney

Liquidation bankruptcy is how Chapter 7 is often referred to. This category can be filed by individuals, as a consumer bankruptcy, or by businesses. A portion of your property may be sold to pay down your debt, at which point most or all of your unsecured debts could be erased. New guidelines are in place for individual Chapter 7 debtors, so not everyone will qualify.

You may be allowed to retain possession of certain property if it is classified as exempt under state or federal laws. This includes real property such as your primary residence as well as personal property such as an automobile, clothes and household furnishings. If your possessions are not extensive, it could be that all of your property is exempt, and you may be involved in what is known as a "no asset" case.

We know how and when Chapter 7 bankruptcy filings are right for our Connecticut clients. We have the experience, the efficiency and the effectiveness that can put money and debt worries out of your mind. We've been helping people just like you and companies just like yours, for 15 years.

Contact us today by phone, fax or e-mail to schedule an initial consultation.

Experienced, Efficient, Effective Chapter 7 Representation

If money is owed on a debt where the lender has a security interest in collateral, you can elect to allow the creditor to repossess the property. Alternatively, you can continue your payments under the financing contract, if the lender agrees. Another option may be to pay the creditor a lump sum amount equal to the property's current replacement value. Every case is different. We will work diligently to assist you with understanding all your options and making the choice that makes the most sense for your individual situation.

On the other hand, not everyone can file for Chapter 7. If your disposable income is sufficient, after subtracting certain expenses and payments for certain debts (for example: child support, debts that secure property) to fund a Chapter 13 repayment plan, you may not be allowed to use Chapter 7.

Bankruptcy doesn't work on some kinds of debt. It can eliminate most medical bills, credit card debt and unsecured loans. However, there are certain types of debt, for example, child and spousal support payments, student loans and many tax obligations that cannot be eliminated in bankruptcy.

When you're ready to talk about Chapter 7, you'll get prompt, realistic advice from our skilled bankruptcy attorney at the Filardi Law Offices. Be in touch today.

Schedule Your Initial Consultation

And do it today by calling, faxing or e-mailing us in New Haven. The sooner you contact us, the sooner our experienced lawyer can go to work on evaluating how we can help you via Chapter 7 bankruptcy protection. When your business law issues include civil, commercial or bankruptcy litigation possibilities, think the Filardi Law Offices LLC.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Serving Connecticut cities such as New Haven, Bridgeport, Stamford, Waterbury, Danbury and New London

New Haven County, Middlesex County, New London County, Fairfield County, Litchfield County, Hartford County, Tolland County, Windham County

Also practices law in Federal Courts in the northern district of Illinois and in New York's southern, eastern and western districts.


Filardi Law Offices LLC
65 Trumbull St.
New Haven, Connecticut 06510-1031