Chapter 7 Bankruptcy

Connecticut and Massachusetts Bankruptcy Attorney Helps Navigate Chapter 7

Connecticut and Massachusetts Law Firm Offers Solid Chapter 7 Assistance

Filing for chapter 7 bankruptcy will discharge certain debts and give an individual a fresh start. If you live in Connecticut or Massachusetts and are considering chapter 7 bankruptcy, Attorney Susan M. Williams can guide you in claiming allowable exemptions, as the guidelines vary from state to state.

Connecticut Exemptions

In Connecticut, debtors have a choice of electing the federal bankruptcy exemptions or the Connecticut state exemptions. Some of the Connecticut exemptions include:

  • Homestead – real property up to $75,000
  • Insurance – disability, fraternal benefit society, health, life insurance proceeds
  • Miscellaneous – alimony to extent wages exempt, child support, farm partnership
  • Automobiles – one auto per debtor up to $3,500.00
  • Pensions – ERISA-qualified, municipal and state employees, teachers, probate judges and employees
  • Personal property – burial plot, health aids, motor vehicle to $1500, residential utility and security deposits for one residence, wedding and engagement rings
  • Public benefits – including aid to blind, aged, disabled, crime victims compensation, social security, unemployment and veterans benefits, workers' compensation
  • Tools of trade – unlimited amount
  • Wages – minimum 75 percent of earned but unpaid wages
  • Wild card – $1000 any property

Massachusetts Exemptions

Massachusetts allows debtors to choose between the state and federal bankruptcy exemptions, allowing petitioners to examine both sets and select the exemptions that better protect their assets. Some common Massachusetts exemptions include:

  • Cemeteries and burial property
  • Personal property – including $15,000 in additional necessary household furniture, one heating unit, and $500 per month for utilities
  • Homestead or residential property – up to $500,000 if a Declaration of Homestead is filed with the Registry of Deeds, $125,000 if no filing is made
  • Insurance – up to $400 per week in disability insurance benefits
  • Motor vehicles –up to $7,500 in one motor vehicle used for personal transportation or for employment, $15,000 for a vehicle owned or used by a handicapped person or someone over age 60
  • Wages – 85 percent of gross wages or 50 times the Massachusetts minimum wage, whichever is greater

If you have a mountain of debt that you cannot repay, the attorneys at Susan M. Williams LLC will help you determine if chapter 7 bankruptcy is the right option for you. Contact us online, by e-mail, or call 860-265-4928 to schedule your free consultation with a skilled bankruptcy attorney today.

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