The Law Offices of Neil Crane has been providing care, solutions and guidance on debt since 1983.  Call our office or submit a chat form today.

Chapter 7 Bankruptcy Lawyer, Milford

Chapter 7 Bankruptcy Lawyer, Milford

Chapter 7 Bankruptcy Lawyer, MilfordAs the post-pandemic economic dust settles, many Milford residents are left struggling with the bills and obligations of over two years of health and economic turmoil.  Milford residents and families wake each day to budgets that just don’t seem to leave room for the ever-rising costs of life for everyone in Milford, CT.  Thousands of Milford residents will suffer in silence, not knowing about the expertise and solutions we’ve provided as Chapter 7 bankruptcy and debt relief attorneys committed to financial recoveries since 1983.  Having survived the last difficult years, many don’t yet know how to survive the economic hangover and are at wit’s end because they just haven’t made that first scary contact or call with Attorney Neil Crane.  Attorney Crane has over 38 years of experience as a Milford, CT Chapter 7 bankruptcy and debt relief expert, dedicated to your recovery.

At the Law Offices of Neil Crane, we’ve been turning initial calls for help into long-term solutions and financial recovery for our Milford, CT bankruptcy clients for over four decades.  Our practice is entirely focused and dedicated solely to solving financial problems.  Our reward is the recovery of hundreds of Milford families just like yours.  We have the knowledge, expertise, and experience to find the absolute correct solution for any financial problem.  You just need to make the first call to the Chapter 7 Bankruptcy lawyer and debt relief specialists at the Law Offices of Neil Crane, at 203-230-2233.  Attorney Crane will take your call directly for free and put you on a solid path to proven success within your first free call to our office.  Read our testimonials and see how we’ve changed the lives of hundreds of hardworking Milford residents through prompt and always affordable legal services.

Chapter 7 Automatic Stay Protection

Chapter 7 is the most common and affordable bankruptcy protection for our Milford bankruptcy clients.  It offers all of the strengths of a powerful, all-encompassing Bankruptcy protection System administered by an expert Chapter 7 bankruptcy attorney at the Law Offices of Neil Crane, all done without any direct involvement in your regular lifestyle at home or at work.  At the Law Offices of Neil Crane, our proper Chapter 7 filings give our clients immediate relief with no Court appearance, a simple 5-10-minute informal meeting, all while protecting their belongings and assets and eliminating all general unsecured debt.

Chapter 7 is the number one legal means to protect you from overwhelming credit card debt and monthly payments.  It provides permanent and fast relief from credit cards, personal loans, lawsuits, and collections immediately upon filing through the creation of an Automatic Stay.

One of the essential elements of any financial recovery be at personal or business is the immediate stop on all collection actions wherever located.  This Automatic Stay halts all legal actions against our clients and creates the space and room to solve your financial problems.  The automatic stop on any efforts against you by anyone wherever located is a powerful and essential tool for financial recovery.  It’s the Bankruptcy System’s way of stopping everyone else, making room for your needs, and creating an uninterrupted clear path to a fresh start.  The Federal Bankruptcy Court’s Automatic Stay is one of the most widely known and powerful laws in America.  All lawyers, all collectors, all taxing authorities know about it and know never to violate this immediate Federal Court mandate.

Chapter 7 Eliminates Debt in Milford, CT

In Chapter 7, all forms of general unsecured debt are eliminated or “discharged.”  This Discharge means complete and permanent elimination of debt without any form of repayment.  In today’s economy where all Milford residents struggle with the rising costs of household goods and necessary purchases, Chapter 7 relief is the perfect answer to families and individuals struggling with high-interest loans and credit card debt.  Proper Chapter 7 unsecured debt relief provided by our expert Milford, CT Chapter 7 bankruptcy attorneys assures that all of your household income can be put to more useful and important expenses like food, shelter, and monthly living expenses.  Using Chapter 7 to correct unhealthy debt loads and bad household debt-to-income ratios assures that our Milford Chapter 7 Bankruptcy clients escape the torture of excessive monthly credit card costs in favor of the current mortgages, rents, and car loans.

Chapter 7 gives full and permanent debt relief from all these forms of debt with no repayment:

  • Credit Card Bills
  • Personal Loans
  • Lawsuits and Court Judgments
  • Garnishments
  • Medical Bills
  • Older Federal Income Taxes
  • Older State Income Taxes
  • Personal Property Taxes over one year
  • Repossessions
  • Deficiency Judgments

All of these debts are completely discharged immediately upon the first day of a properly submitted Chapter 7 petition.  Our Chapter 7 clients retain all their assets and belongings uninterrupted and never have contact with creditors or the Court System – all past debt is handled by our expert Chapter 7 counsel and your fresh start begins immediately.  At the Law Offices of Neil Crane, we’ve helped thousands of Chapter 7 Bankruptcy clients get rid of debt and save their belongings across the state since 1983.  Call us today at 203-230-2233 and speak with Attorney Crane directly.  We will always take your call – We never use voice mail.

Chapter 7 Protects Assets in Milford, CT

A properly filed Chapter 7 grants Federal protection to all of your assets by immediately and permanently stopping any and all creditors from attaching, liening, seizing, or foreclosing any asset you own on your Chapter 7 filing date.  Furthermore, it grants access to Federally mandated asset protection laws that preserve your ownership interest and the value of your equity in what you own.  These Federal Exemption laws grant permanent special protection to:

  • Bank Accounts
  • Cash
  • Cars
  • Homes
  • Pensions
  • Retirement Accounts
  • Wages
  • Tax Refunds
  • Household Goods
  • Timeshares
  • And many others

All properly filed Chapter 7 petitions provide guaranteed protection to all the important things you own.  Call Attorney Neil Crane at 203-230-2233 for a free consultation and a comprehensive, informational review of your personal circumstances to get recommendations and direction on the options that are available to you and how we can help.

Chapter 7 Income Qualification

Under the most recent Bankruptcy Code Amendments, individuals wishing to obtain the full relief of Chapter 7 must qualify for relief.  This requires the expert advice of experienced Chapter 7 Milford Bankruptcy lawyers to assure that you will meet all the rules and regulations necessary to be Chapter 7 eligible.  Beyond an asset examination, a Chapter 7 has strict income requirements in order to file or qualify for Chapter 7.  Improperly filed Chapter 7 petitions can have seriously bad results caused by lack of experienced legal counsel and/or legal counsel that isn’t specifically specialized and experienced with Chapter 7 bankruptcy filings in Milford, CT.

While there are additional laws and rules that need our lawyers’ careful review, the basic income qualifications are based on household size, dependents, and gross income into the household from all sources.  Passing under median income involves a six-month trailing comparison and allows you passage into Chapter 7 by right under these basic numbers for Milford, CT.  You can qualify for Chapter 7 if your total Median Income is below:

Family of 1      –       $69,000

Family of 2      –       $90,000

Family of 3      –       $103,000

Family of 4      –       $130,000

These numbers are subject to regular revisions and allow additional amounts for households with over four members.

The rules for determining the correct calculation under the Median Income Amounts are precise and nuanced, so always seek the assistance of special bankruptcy counsel, regardless of your income.

Chapter 7 Means Testing in Milford, CT

For those households not under the Median Income Standards, there is a special test for Chapter 7 qualification called a Means Test.  Means Testing is a complex process that operates off of net income vs. allowable expenses.  The income calculations are difficult and the definition of allowable expenses is precise and challenging.  The key to full Chapter 7 relief or perfect Chapter 13 relief is perfect Means Testing.  Expert Means Testing advice is critical to your future.  It is highly complicated and very nuanced, but in the hands of our expert Chapter 7 Means Testing attorneys, it is predictable and certain.  At the Law Offices of Neil Crane, we have the most experience and expertise with Chapter 7 Means Testing in Connecticut.  We pride ourselves on dedicated expert Means Testing to produce the highest level of full debt relief possible under the Chapter 7 Bankruptcy requirements in Milford, CT.

To learn more about Means Testing and your ability to qualify for Chapter 7 Bankruptcy, call our highly experienced Chapter 7 bankruptcy lawyer Milford residents trust today at 203-230-2233.  Attorney Crane will be happy to speak with you directly and analyze your situation.  Put his experience to work with immediate advice and recommendations for your complete financial recovery.