Benefits Of Chapter 7 Bankruptcy in East Hartford

Chapter 7 is a bankruptcy court process for the elimination of overwhelming general unsecured debt. Chapter 7 provides protection for personal assets in a predictable and respectful manner. A properly prepared, qualified and filed Chapter 7 bankruptcy provides full debt relief and the protection of all future earnings. Now more than ever, obtaining the best possible Chapter 7 bankruptcy legal counsel is the critical step to obtaining comprehensive debt relief and a financial fresh start.


To learn how Chapter 7 counsel can help you achieve the fullest bankruptcy coverage allowable, contact an experienced Hartford County bankruptcy attorney at the Law Offices of Neil Crane. You'll always speak directly with an Connecticut attorney, we never use voicemail. Call us today at 203-230-2233 or toll free at 1-888-249-3027. You can also fill out our online Contact Form for a prompt response from our dedicated team of bankruptcy attorneys.


The Automatic Stay and Assets Protected By Bankruptcy Exemptions


Two of the essential elements to obtaining financial recovery are the ability to halt all creditor collection activities and the protection of personal assets. The halting of all creditor actions is achieved by an automatic stay on all actions to collect immediately upon the filing of a Chapter 7 bankruptcy. This is a powerful federal law that sets the stage for full Chapter 7 recovery.


"Exemption laws" protect the assets and belongings that facilitate and assure the right to a fresh start and future financial success.

Basic federal and state bankruptcy exemptions include a range of protection provisions subject only to certain value limitations as follows:


  • Bank Accounts
  • Residential Home Equity
  • Automobiles
  • Pensions, 401Ks and other tax exempt accounts
  • Household Belongings
  • Tools of the Trade
  • Life Insurance Policies
  • 529 Accounts


Chapter 7 Credit Card and Unsecured Debt Relief


The worst form of debt is credit card debt since it has the highest interest rates and the highest monthly payment. This includes all forms of unsecured debt like credit card debt, personal loans, payday loans and other forms of signature loans. Unsecured debt performs no useful function and diverts limited financial resources from more important obligations like mortgages, rent, cars and other monthly living costs. Chapter 7 provides complete unsecured debt relief, with minor exceptions, including elimination of:


Chapter 7 Bankruptcy Provides a Financial Fresh Start


When your bills become overwhelming, proper Chapter 7 bankruptcy assistance from a knowledgeable and specialized Chapter 7 lawyer can relieve you from unsecured debt and credit card dependence. Eliminating credit card debt is the first step to long-term homeownership and financial success.

To learn more about how Chapter 7 exemptions can protect your assets while providing you with full debt relief, contact the East Hartford experienced Chapter 7 attorneys at the Law Offices of Neil Crane by calling for a free and comprehensive initial consultation at 203-230-2233 or toll free at 1-888-249-3027, or fill out our online Contact Form.