Shelton Chapter 7 Lawyer

Chapter 7 bankruptcy allows individuals to eliminate specific types of debt, providing a practical solution for anyone facing overwhelming debtsand an inability to continue paying those debts.Chapter 7 bankruptcy may be best for individuals who are struggling with high credit card debt, outstanding judgments,consolidation loans, car repossessions, hospital and medical debt or even SBA loans from your business. If you are struggling to pay your debts,speaking to Tim Pletter,a Shelton Chapter 7 lawyer,will allow you to learn your options so that you no longer feel trapped by your creditors and debt collectors.

When you find yourself considering filing for Chapter 7 bankruptcy, the team at Ambrogio, Pletter & Associates, LLC is here to help. We understand how difficult and overwhelming filing for bankruptcy can be, and we want to support you and your family during this challenging time. We will keep you informed about your case every step of the way and ensure your questions are answered. All clients have direct access to speak to Attorney Tim Pletter through phone or email.

With our team on your side, we will help restore your financial health and peace of mind.

Qualifying for Chapter 7 Bankruptcy

In order to qualify for relief under Chapter 7 of the Bankruptcy Code, individuals either must pass the means test to demonstrate eligibility or show that their debt is primarily non-consumer in nature. Non consumer debt is often business related debt. When working with the team at Ambrogio, Pletter & Associates, LLC, we will help you determine if you pass the means test or if your type of debt is non-consumer so that no means test analysis in required.

When we analyze your means test, we look at your income over the prior 6 months, yourmonthly expenses, your debts, and the size of your household. Your household may include partners, step children or your parents. If you help to support other members of your family such as parents, that may help you pass the means test. We compare your income over the prior 6 months to the median income in the State in which we live, Connecticut. Attorney Pletter will help you determine if your income is above or below the median income. If you are under the median income, you probably pass the means test.

However, if your income is more than the median income of the state, there are still ways in which you can pass the means test. We do this by carefully reviewing your monthly expenses. At Ambrogio, Pletter & Associates, LLC, our team can help you better understand the means test and we will work with you and make suggestions to help you eventually pass the means test.
The reason clients choose Chapter 7 bankruptcy is to obtain a discharge. A discharge is a court order that tells the creditors that the debt that you owed to them has been eliminated. This debt elimination is permanent. It is illegal for a creditor to sue you in court, or call you on the phone, or email you, or text you, or for that matter have any contact with you in an attempt to collect the debt once the debt has been discharged. If, for example, a credit card company, or a hospital, or an old landlord has already sued you and obtained a judgment, a bankruptcy discharge eliminates that judgment. Certain types of debts may not be eligible for discharge. We will first help you determine what your debts are and whether those debts can be discharged. This is one of many reasons why speaking with Attorney Tim Pletter, a Chapter 7 bankruptcy lawyer,is critical when you are at risk of falling behind with your debt payments.

How Chapter 7 Works

Your Chapter 7 bankruptcy case beginswhen you file your petition. This is designed to be a quick and smooth process that allows you to eliminate your debts in a short period of time, usually 3 months. Your debts might include items such as credit card debt, old tax debt, hospital and medical debt, SBA loan, or any other form of financial debt. Chapter 7 bankruptcy does not include a repayment plan, meaning your debts are discharged, not repaid and not reorganized.

In addition to the petition, you must also file a schedule of your assets and liabilities, a schedule of your current income and expenditures, a statement of your financial affairs, and a schedule of all unexpired leases or executory contracts. Our team at Ambrogio, Pletter & Associates, LLC will prepare all of these schedules for you. You must provide us with several documents such as a copy of yourrecent tax returns, paystubs, bank statements, and credit reports. Several of these documents must be sent to the trustee, who is a lawyer that works for the federal government and reviews your bankruptcy paperwork and your financial documents.

After your bankruptcy petition is filed, you will have to attend a hearing where you answer simple questions regarding your financial information. This hearing is commonly referred to as a 341 meeting. Our team will prepare you for this hearing and tell you all of the questions that will be asked so that you are prepared to answer them. For decades, these hearings were held in person in the federal building in New Haven and Hartford, however, after the pandemic, these hearings are held over Zoom. Most clients come to our Main Street office to do the Zoom hearing in the same room as Attorney Tim Pletter, but some clients prefer to log into the zoom hearing from their home or car. Completing a bankruptcy hearing is much more convenient now that the hearings are done remotely.

FAQs

Speak With a Trusted Bankruptcy Lawyer Today

For assistance on all matters regarding bankruptcy in Connecticut, the team at Ambrogio, Pletter & Associates, LLC is here. You can trust us to review the details of your bankruptcy case and closely work with you throughout the entire process. Contact our offices today to schedule a consultation and allow us to help you.