Chapter 7 Bankruptcy

Stratford Chapter 7 Bankruptcy Attorney

For many people, their credit card debt has become overwhelming. After a credit card bill has not been paid for a period of time, credit card companies will sell delinquent accounts to collection agencies. When these accounts are sold to these agencies, the amounts due, as well as the interest rates, increase. For many people, credit card bills make up the majority of their debt. When debt becomes overwhelming, filing bankruptcy may be an option.

In many situations, people in credit card debt may qualify for Chapter 7 bankruptcy. Would you like to speak with someone about your options in filing Chapter 7 bankruptcy and eliminating your credit card debt? Please contact Attorney Tim Pletter today to arrange your free consultation at 203-378-6675. When you choose our firm, most of your interactions will be directly with your attorney.

Chapter 7 bankruptcy and the means test

Under the new bankruptcy laws, an individual will need to undergo a "means test" to qualify for Chapter 7 bankruptcy. The means test will consider a family’s monthly income in comparison to their state's median income. If an individual is eligible for Chapter 7 bankruptcy, their debts may be discharged. If a person does not qualify for Chapter 7 bankruptcy, Chapter 13 bankruptcy may be another option.

An automatic stay takes effect after bankruptcy has been filed. The automatic stay stops all attempts from debt collectors to collect on their debts against you. This includes lawsuits, foreclosures, phone calls and collection letters.

We can help you find the light at the end of the tunnel, help you take control of your finances and get a fresh start. Contact our firm today to arrange your consultation.