Groton, Connecticut
4 Fort Hill Rd
Groton, CT 06340

Bankruptcy-Who Qualifies March 12, 2018

Groton, New London
Bankruptcy-Who Qualifies, Groton, Connecticut

In 2005 the Bankruptcy Law changed significantly.  This is because Congress, at the behest of the credit card companies and their supporting politicians, instituted a “means test”  in order to qualify for Chapter 7, by far the most common type of bankruptcy, which gives successful filers a total fresh start, debt free.  Under the means test, an annual income amount is set, and you must be under this number to qualify for a Chapter 7, unless you can pass using what I call the second stage of them means test, which usually requires some sort of extraordinary expense(s) in order for you to defeat the means test and still get a discharge.  The means test amount depends on how many people live in your household and is constantly updated.  Right now in Connecticut it is $62814 for single, $82253 for two, $96608 for three and $117334 for four.  Yes, those figures seem high but that’s because they are based on mean income for the State where you reside, and Connecticut has a very high mean income.  So if you think you don’t qualify, feel free to give Attorney Mark O. Grater a call at 860-449-8059 in Groton, New London County and set up a free consult.  Even if you at first don’t qualify by the numbers, you might be able to still get a fresh start by using the second stage.

Other Announcements, Events and Deals from Mark O. Grater Attorney at Law
INJURED IN AN ACCIDENT?, Groton, Connecticut
It’s bad enough that you get injured in an accident in the first place but then you have the unenviable task of dealing with the other guys insurance company and an adjuster who is more
Fresh Start Through Chapter 7, Groton, Connecticut
We are now in to another new year.  The new years resolutions have been made.  One popular resolution is to get out of debt and start fresh.  If that is the direction more
Medical vs. Legal, Groton, Connecticut
Although I practice law, it sometimes seems like I am practicing medicine.  Medical and legal constantly intersect.  In the various areas that I practice, i.e., personal more
It’s 2019 and it’s time for a fresh debt free start.  Here are the qualifiers to be debt free: If you are a one person household and make under $63,864; If you are a two more
How Violations, Misdemeanors, and Felonies Differ, Groton, Connecticut
Criminal charges in Connecticut may be classified as an infraction, misdemeanor, or felony. The consequences differ depending on the classification of the criminal charge, and it more