Make a Fresh Start with Chapter 7 Bankruptcy
Credit card debt, medical bills, job layoffs: every day, hard-working people find themselves in a position where they are no longer able to pay their bills. In today's economic climate, many small businesses have gone beyond having a slow year — many companies cannot afford to continue operation.
Should you file for bankruptcy? For individuals, Chapter 7 bankruptcy is a straightforward way to stop creditor harassment, stop foreclosure, and discharge your debt. For businesses, Chapter 7 may be the best way to wind down your business and settle any remaining debts so you can move on.
As a bankruptcy lawyer with more than 15 years of experience, Mark Kratter at the law firm of Kratter & Gustafson helps people and businesses throughout Connecticut evaluate their situation and determine whether to file for Chapter 7 bankruptcy. Most people still qualify, even under the 2005 bankruptcy law.
- Eliminate Credit Card Debt
- Eliminate Medical Bills
- Stop Foreclosures
- Stop Wage Garnishments
- Stop Telephone Harassment
- Stop Lawsuits
- Stop Collection Attempts
- Save Your Home
- Save Your Car
- Save Your Business
Contact our Norwalk, Connecticut law offices to schedule a one-on-one meeting, or call for a free initial phone consultation: 1-866-Laws 4CT.
Make creditors STOP calling you
Whether you are filing as an individual or as a business, when you file for Chapter 7 bankruptcy, your creditors are immediately ordered to stop hounding you for money. This automatic court order is designed to give you breathing room while you and your bankruptcy attorney work with the court to resolve your financial situation.
Filing bankruptcy requires filling out official forms to file with the court. When you come to Kratter & Gustafson for your bankruptcy appointment, we recommend you compile the following information:
- All your creditors and how much you owe
- The source, amount, and frequency of your income, if any
- All of the major property you own, such as your house, car, business real estate, equipment, and accounts receivable
- For individuals, our monthly living expenses, including food, clothing, shelter, utilities, taxes, transportation, and medicine
The Chapter 7 bankruptcy discharge of debts
Chapter 7 bankruptcy erases all qualifying debt and prevents your creditors from taking any action to collect the debts. Chapter 7 bankruptcy law is complex, so you should consult with a skilled bankruptcy lawyer about how debt discharge would work in your case.
If you can no longer keep up with payments on your debt and the situation isn't likely to change in the foreseeable future, it may be time to consider seeing if you qualify for Chapter 7 bankruptcy. Contact our Norwalk, Connecticut, law firm and ask to speak with attorney Mark Kratter.
