Chapter 7 Bankruptcy
Chapter 7 bankruptcy helps those overwhelmed by debt regain control of their finances and their lives. In many instances, a Chapter 7 filing will allow for you to keep your home, car, 401k account and a number of other personal assets. It will also put a stop to harassing collections calls. However, it is important to have on your side an attorney who pays specific attention to detail and who understands the Chapter 7 process.
Many bankruptcy clients come to The Culkin Law Office, LLC, through referrals from former bankruptcy clients, divorce clients and divorce attorneys who advise their clients to come to us when financial difficulties arise.
The Sorts Of Debts Dischargeable Under Chapter 7 Bankruptcy
The bankruptcy code allows discharge for the following debts under Chapter 7:
- Credit cards
- Medical bills and expenses
- Court judgments (with the exception of family support obligations)
- Personal loans
- Specific negligence claims
- Deficiency judgments including foreclosures and repossessions
Putting An Experienced Bankruptcy Lawyer On Your Side
Congress made sweeping changes to the bankruptcy laws in 2005. As a result, you must meet a number of additional requirements before approval of your petition will take place. Such requirements include the “median income” or “the means” test. Besides such rules being highly technical, the outcome of cases can vary on a case-to-case basis because of these requirements.
Attorney Michael J. Culkin has substantial experience in the bankruptcy area and has successfully tried hundreds of Chapter 7 cases. This includes knowing what steps to take to ensure approval of your claim by the bankruptcy trustee. Even in the event you cannot qualify to file Chapter 7 bankruptcy, Michael can provide with other options including a possible Chapter 13 filing to help remedy your financial circumstances.
Find Out Whether Bankruptcy Is For You
If you have concerns regarding possible loss of your home or seizure of a vehicle due to financial debt, please contact us at your earliest convenience. Bankruptcy is a very complex process, and you may not be able to correct a mistake made while filing a petition. You can reach The Culkin Law Office, LLC, by calling 203-721-7792 to schedule a free consultation regarding your bankruptcy matter. While our office is in Waterbury, we also provide representation in a wide range of other Connecticut communities including Watertown, Southbury, Litchfield and Prospect.
We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.