Knowledgeable Chapter 7 Bankruptcy Attorney Defending Hartford
The Chapter 7 bankruptcy litigation process usually moves much faster than that associated with Chapter 13, often taking only three to six months to complete. With a successful Chapter 7 bankruptcy, you’ll be debt free except for house payments, car payments, student loans, various taxes and child support balances. You may even get to keep your property after filing for Chapter 7, though you should discuss this with an experienced bankruptcy attorney.
The Chapter 7 Process
If you decide to file for Chapter 7 bankruptcy relief, the state of Connecticut will require you to hand over all nonexempt property to a trustee. This trustee will then sell the property and use the proceeds to pay off your creditors. After your court filing fees are paid, a Connecticut bankruptcy judge will then discharge all eligible debts.
Eligibility depends on a number of factors, including whether or not you’ve engaged in any fraudulent activities involving your bankruptcy petition, refused any court orders related to your bankruptcy and/or chose not to answer questions in court concerning your bankruptcy case. You may also be ineligible for Chapter 7 bankruptcy relief if you failed the means test required before filing.