If your financial obligations have become unmanageable and you see a bankruptcy filing as your best option, you want an experienced lawyer to guide you through the process. The bankruptcy laws changed in 2005, making it more difficult for you to discharge your debts through a Chapter 7 filing. You want an attorney who knows the law and who will give you a realistic assessment of your chances of fully resolving your problems.
At the Law Offices of James F. Aspell, P.C., we work closely with individuals who seek protection from creditors under Chapter 7 of the federal bankruptcy laws. We dedicate ourselves to providing each client with a high level of personal service, striving to keep you constantly informed regarding the status of your case and your options moving forward, so that you can make good decisions.
In a Chapter 7 bankruptcy proceeding, you can discharge certain debts (i.e. credit cards used to keep the lights on during a recovery from a work-related injury) in exchange for the sale or liquidation of some of your assets. Some obligations, such as student loans, child support arrearages and certain tax debts, may not be discharged in bankruptcy. Likewise, specific assets, such as principal residence and motor vehicle, may be exempt from sale in a Chapter 7 filing.
The Chapter 7 Means Test
You must meet a means test to qualify to file under Chapter 7. The bankruptcy court reviews your earning capacity to determine whether you can repay your creditors. If the court rules that you lack the ability to pay creditors back, you may file under Chapter 7. If, however, the court determines that you can repay your creditors and still provide for your own needs (and the needs of your family), your only personal bankruptcy recourse will be under Chapter 13.
We provide knowledgeable and affordable services to clients who need bankruptcy protection.
With a membership in the national consumer bankruptcy attorneys organization, we have the latest case filing software, helping us ensure that each case is efficiently filed. When you come to us, we will conduct our own means test to determine whether you should attempt to file under Chapter 7. If your petition is accepted, we will help you identify those debts that cannot be discharged in bankruptcy and make certain that you claim all legitimate exemptions.
Learn If Bankruptcy Could Help
For sound advice from an experienced bankruptcy lawyer in Connecticut, send us an email or call us at 860-513-2903 to set up a free initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.