Law Offices of Charles A. Maglieri
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chapter 7 Archives

The new phenomenon of gray bankruptcy

At the Law Offices of Charles A. Maglieri in Connecticut, we see an ever growing number of senior citizens coming to us for help in filing bankruptcy. As the New York Times recently reported, if you are 65 or older, your inadequate pension and personal savings, plus the rising costs of medical care and prescription drugs, may have put you in the position where bankruptcy is your only realistic option. A recent study shows that seniors such as you represent 12.2 percent of all bankruptcy filers today. In 1991, seniors represented only 2.1 percent of filers.

The top 5 things you should do after bankruptcy

At the Law Offices of Charles A. Maglieri in Connecticut, we help people file and successfully negotiate their way through bankruptcy. Once you begin your post-bankruptcy life, you should do several things to ensure that it will be far better than the one that led to your financial problems.

Will Chapter 7 discharge my recent credit card debt?

If you are a Connecticut resident whose credit card and other debt has ballooned to the point where it is no longer manageable, you may be thinking about filing bankruptcy under Chapter 7 as a way to discharge these debts. While you are correct that Chapter 7 usually discharges credit card debt, that is not always the case when it comes to credit card charges you make shortly before you file bankruptcy.

Chapter 7 vs. Chapter 13: which is better for you?

If you are a Connecticut resident whose debts have gotten out of hand and you are unable to pay them, you may be considering bankruptcy as a last resort. You may or may not be aware that there are several different types of bankruptcy and that you will need to decide which type is better for you.

Eligibility requirements for Chapter 7 bankruptcy

Connecticut residents looking to eliminate eligible debt and stop repossessions may find the answer in filing for Chapter 7 bankruptcy. As with Chapter 13 bankruptcy, federal law lays out certain requirements a person or entity must meet in order to qualify for Chapter 7. Among these factors, eligibility can be affected by a filer’s financial standing and past record in bankruptcy court.  

What are the advantages and disadvantages of bankruptcy?

Reaching the decision to declare bankruptcy usually isn’t easy. Many people still have a negative perception of bankruptcy, even though it can sometimes be the best way to start a clean slate financially. Even so, bankruptcy has far-reaching implications for your credit score, your debt and your current and future financial stability. It can have negative consequences, but it also has strong benefits.

Discuss Your Case With A
Respected Bankruptcy Attorney

Contact my office to discuss your debt relief needs directly with me as your lawyer. I offer a free initial consultation to all new clients where you can learn more about your legal options and what I can do to help you. I am available during regular business hours and by appointment at other times. You can reach me by phone at 860-242-0574 and 860-952-3674 or via email.

My law firm is a debt relief agency as so designated by Congress in the year 2005. I help people file for bankruptcy relief under Title 11 of the United States Code, known as the Bankruptcy Code.

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Bloomfield Office
34 Jerome Avenue
Suite 316
Bloomfield, CT 06002

Phone: 860-242-0574
Fax: 860-243-0106
Map & Directions

Marlborough Office
9 Austin Road
Suite 201
Marlborough, Connecticut 06447

Phone: 860-952-3674
Fax: 860-243-0106
Map & Directions