Hartford Chapter 7 Bankruptcy Lawyer

Financial hardship is immensely stressful. When you’re facing significant debt, you may believe these burdens will follow you for life. Fortunately, individuals in Connecticut have opportunities to relieve their debts. At Lawrence & Jurkiewicz, LLC, we provide informed legal assistance to guide you through the process of filing for Chapter 7 bankruptcy. Known as “liquidation bankruptcy,” Chapter 7 offers a fresh financial start by relieving you of most, if not all, unsecured debts. Our experienced team works diligently to make the process as smooth and stress-free as possible for you.

What Is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy is a legal process that helps individuals discharge certain types of debt, giving them a clean slate to rebuild their financial stability. This form of bankruptcy is particularly beneficial for eliminating some unsecured debts, such as:

• Credit card debt  
• Medical bills  
• Personal loans  

For many, the term “bankruptcy” brings to mind fears of losing everything, but this is often far from the reality. Most Chapter 7 cases in Connecticut are “no-asset” cases, meaning clients can retain most or all of their essential assets while discharging their debts. Our goal at Lawrence & Jurkiewicz, LLC is to position your case for the best possible outcome, helping relieve you from financial stress without unnecessary sacrifices.

Understanding Eligibility for Chapter 7

Eligibility for Chapter 7 bankruptcy is determined through an income-based test. Connecticut residents must compare their “current monthly income” to the state’s median income level, which is adjusted periodically. If your income is below the median, you generally qualify. For those above the median, a “means test” calculates deductions based on living expenses, taxes, and other obligations to determine eligibility. This process can seem daunting, but our team has experience navigating complex cases and helping our clients meet the necessary requirements.

The Chapter 7 Bankruptcy Process

Filing for Chapter 7 bankruptcy involves several key steps:

1. Credit Counseling: Before filing, you must complete a brief credit counseling course with an approved agency. This ensures you understand your financial options and the implications of filing.  
2. Filing the Petition: Our team will prepare and file your bankruptcy petition, along with schedules that detail your assets, liabilities, income, and expenses. Filing the petition also invokes an automatic stay, stopping creditor harassment and collection activities immediately.  
3. Meeting of Creditors: Known as the “341 meeting,” this step involves meeting with a bankruptcy trustee to review your financial information. Creditors may attend, though they rarely do. This meeting is straightforward, and we meticulously prepare you to handle it with confidence.  
4. Financial Management Course: To finalize your case, you’ll complete an online financial education course designed to help you build a more secure financial future.  
5. Debt Discharge: Within a few months of filing, the court typically issues a discharge, eliminating your qualifying debts and offloading a significant financial burden.  

How Chapter 7 Offers Relief

Chapter 7 bankruptcy does more than address unsecured debts: it provides a pathway to regaining financial freedom. It stops wage garnishments, foreclosures, and constant collection calls, offering peace of mind as you rebuild. Your most vital assets, like your home, car, and retirement savings, are often protected under exemption laws.

Begin Your Path to Financial Stability

The team at Lawrence & Jurkiewicz, LLC understands the challenges of financial difficulties. We advise you during each step of the Chapter 7 bankruptcy process so you reach an outcome you feel confident in. With decades of experience, we’re committed to helping you achieve lasting relief and a brighter financial future. Contact us today to schedule a consultation and take the first step toward rebuilding your life.