Understanding Chapter 7 Bankruptcy
Bankruptcy is not an easy decision. You do not need to make the decision alone. Our attorneys at Advanced Bankruptcy Legal Services of Connecticut have helped individuals with all aspects of bankruptcy and other types of debtor-creditor law.
We understand the burden of debt as well as the relief that comes with a debt-free future. We can help you determine if Chapter 7 bankruptcy is the appropriate path between those two points.
Will Chapter 7 Bankruptcy Work For You?
Chapter 7 bankruptcy is an effective means to quickly resolve debt problems and end creditor actions aimed at vehicle repossession, home foreclosure or wage garnishment. It creates a fresh start through the orderly liquidation of certain assets to discharge debt. Chapter 7 is a consumer bankruptcy method available to individuals and some businesses.
To be eligible for Chapter 7, a certain amount of asset liquidation may be required. However, the vast majority of Chapter 7 bankruptcies are filed as “no asset” due to the debtor’s having no assets to liquidate. We will explain how this is determined.
With your future on the line, you need to be certain that the lawyer with whom you choose to work has the experience and knowledge necessary to represent your best interests. Throughout our years of experience, our attorneys have represented both debtors and creditors.
Our experience representing creditors has given us an understanding of how they work, the methods they use and what they look for. Now, we put that understanding to use solely on behalf of consumers considering filing for personal bankruptcy to achieve debt relief.
Contact Us For Help
For more information about Chapter 7 bankruptcy, review the pages of our site. For a more detailed analysis of your financial situation, contact our attorneys. We serve the state of Connecticut. Call our New Britain office at 860-674-8003 or our Bloomfield office at 860-242-0574 or email us to schedule a free consultation.