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
3 Ways to Rebuild Credit After Bankruptcy, Groton, Connecticut
While it’s true that bankruptcy significantly impacts your credit score, this doesn’t mean your record is ruined forever. With discipline, resolve, and the guidance of a more
Bankkruptcy- What About My Car Loan and Mortgage?, Groton, Connecticut
People often ask if they can keep their car or house when they file for Chapter 7 bankruptcy.  These are know as secured loans.  In Connecticut, the answer is yes, as long more
Is Bankruptcy the Right Step for Me?, Groton, Connecticut
If you're struggling with debt, filing for bankruptcy may be your best course of action. Take note, though, that this debt relief does not apply to everyone. An more
5 Tips for Avoiding Bankruptcy, Groton, Connecticut
When you’re unable to meet your financial obligations, bankruptcy can provide a way out and allow you to wipe the slate clean. However, seeking debt relief through the courts can more
Bankruptcy-Who Do You Go Before?, Groton, Connecticut
Bankruptcy Court procedure in Connecticut is unlike the type of Court procedure one is normally acquainted with, such as going before a judge to plead your case, whether it be civil more