Groton, Connecticut
4 Fort Hill Rd
Groton, CT 06340
(860)449-8059

Qualifying for Chapter 7 Bankruiptcy May 23, 2018

Groton, New London
Qualifying for Chapter 7 Bankruiptcy, Groton, Connecticut

A Chapter 7 bankruptcy is sometimes called a “fresh start.”  That is because you discharge your debt and start fresh toward building a new life.  But how does one qualify?  It often depends on the State where you live.  In Connecticut, a filer has to first be below the standardized threshold, which in turn depends upon how many people live in your household.  Presently, for a one person household, the filer must make under $64152.00 per year, under $84,005 for two, $98,660 for three, $119,884 for four, etc.  If you are over these amounts you have go through a second stage analysis which might also allow you to file.  If you do pass these thresholds, on either first or second stage, then you look at your actual budget, and if there is little or none left to pay creditors, the you are on your way to a fresh start.  If you have any questions, please feel free to call Attorney Mark O. Grater at 860-449-8059 in Groton, Ct.  06340, practicing in New London County since 1986. 

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 t...read 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 ...read 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 in...read more
FREE BANKRUPTCY CONSULTATION, Groton, Connecticut
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 perso...read 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 wil...read more