Groton, Connecticut
4 Fort Hill Rd
Groton, CT 06340

Bankruptcy Questions March 15, 2019

Groton, New London
Bankruptcy Questions, Groton, Connecticut

What is a Chapter 7 and how does it work?

A chapter 7 is that part of the bankruptcy law that allows you to receive a fresh start wherein all your unsecured debt is dischaged.

What is a discharge?

A Court Order relieveing you of all your dischargeable debt and ordering creditors not to attempt to contact you any longer.

How does a person obtain a Chapter 7 Discharge?

By filing the proper petition with the bankruptcy Court and following up in the manner authorized by law with the Court.

Who is permitted to file a Chapter 7?

Any person who resides in or does business in the United States and if that person passes the so called means test and their budget is such that they qualify.

What is means testing?

An evaluation, based on the number of people in your household, that determines if you qualify by being under the median annual income for your state or you are otherwise allowed to file based on your disposable income.

If you would like to determine you eligibility for bankruptcy, please feel free to call Attorney mark O. Grater in Groton, Ct at 860-449-8059 or go to his web cite.


Other Announcements, Events and Deals from Mark O. Grater Attorney at Law
What is the Difference Between Chapter 13 and Chapter 7 Bankruptcy?, Groton, Connecticut
Whether it’s credit card statements or medical bills, if you are facing debts you simply can’t pay back, bankruptcy may be the answer. The two most common types are Chapter 7 more
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