home button about button faq button forms button contact button

Image of Christopher Carrozzella at his desk

We will do our part to make sure that you get the best legal representation possible.

CT Trial Lawyers Assoc. (CTLA) logo
CT Trial Lawyers Association

Connecticut Bar Association logo

Connecticut Judicial Branch logo
State of CT Judicial Branch


What is Chapter 7 Bankruptcy?

It's important to have an understanding of Chapter 7 bankruptcy. In Chapter 7 bankruptcy, the bankruptcy trustee cancels most or all of your outstanding debt.

You must be eligible to file for Chapter 7 bankruptcy. Rules vary depending on the type of case that is filed. When attempting to qualify for Chapter 7 bankruptcy, your income and expenses are examined to see how they compare to the standard of your state. If you earn less than the median income for a family of your size in your state, you may be able to file for Chapter 7 bankruptcy.

To be clear, the purpose of Chapter 7 bankruptcy is to allow debtors to rid themselves of most debts and start with a clean slate. There is a price to pay for Chapter 7 bankruptcy and it often comes in the form of lost property and a decrease in a consumer credit score. That credit score will not likely improve anytime soon. A Chapter 7 bankruptcy filing can remain on a credit report for up to ten years. The good news is that Chapter 7, from initial filing to debt relief, tends to only take about three to six months. The debt relief is there, but it comes at a price.

The process of filing for Chapter 7 bankruptcy begins by filling out a petition and several other forms. You then file them with the bankruptcy court in your area. You should consult with a bankruptcy attorney who can guide you through the process.

Back to Main


*Free Initial Consultation*
Evening & Weekend Appointments Available

Image of Chris Carrozzella in front of columns

National Assoc. of Consumer Bankruptcy Attorneys logo

New Haven County Bar Assoc. logo
New Haven County
Bar Association

The spirit of CJ foundation logo