Keeping your Home after Bankruptcy

One of the greatest concerns that homeowners who meet with me regarding bankruptcy have is whether they can keep their home after filing bankruptcy. The short answer is, it depends. Keeping your home depends on how far you are behind on payments, whether the house is upside down (value of house is less than loans) [...]

Star Tribune Article “In Jail for Being in Debt”

An article appearing in the Sunday Star Tribune and Tuesday online version of the Star Tribune (http://www.startribune.com/investigators/95692619.html?elr=KArksUUUycaEacyU) is drawing a lot of attention. The individuals in the article who are taken to jail are guilty of contempt of court for failing to comply with a court order. The United States of America has done away [...]

Benefits of Chapter 7 Bankruptcy

1. Once filed a bankruptcy automatically stops collection. This includes phone calls, letters, garnishments, levies, and foreclosure. 2. Bankruptcy also gives individuals relief to pay for their necessary monthly expenses, including catching up on car and house payments, because you will no longer pay for credit card, health debt or personal loans. 3. Bankruptcy allows [...]

Why Choose Chapter 7 Bankruptcy?

If you are thinking about filing for chapter 7 bankruptcy in Minnesota you need to consider hiring a Minnesota Bankruptcy Attorney. A chapter 7 bankruptcy is the most common type of bankruptcy and once a discharge is granted it allows and individual or family a fresh start. In Minnesota a chapter 7 bankruptcy will discharge [...]

Filing Chapter 13 Bankruptcy in Minnesota

Chapter 13 bankruptcy is often times referred to as a “wage earners” bankruptcy. A Minnesota chapter 13 bankruptcy is a bankruptcy that allows an individual to repay some of their debt through a plan. The bankruptcy plan will typically provide creditors with a payout ranging from 10% to 100% depending on the financial situation of [...]

Minnesota Chapter 11 Bankruptcy

Minnesota Chapter 11 bankruptcy is typically used by businesses to reorganize their organization and debts. Chapter 11 is complicated and will typically require the assistance of a bankruptcy attorney to get all the required paperwork filed with the court and the U.S. Trustee. The main advantage of a Chapter 11 bankruptcy is that is allows [...]