Bankruptcy Myths

When I talk to clients I often hear a lot of bankruptcy myths. The most common one is that bankruptcy will ruin my credit. In many cases people who are worried about their credit have not even checked their credit score, and the bankruptcy does not drop the score any lower than it already is. [...]

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 [...]

Bankruptcy Reaffirmation Agreements

A Bankruptcy reaffirmation agreements is an agreement between you and your creditor that you will continue to make regular payments on your debt after the bankruptcy discharge. In most cases creditors will allow you to make payments on the secured debt without signing a reaffirmation agreement. The bankruptcy code does allow creditors to take back [...]

Creditors Rights and Bankruptcy

As a reformed creditors rights attorney I can tell you that creditors have a lot of remedies to attempt to collect money in Minnesota. The most common remedies include wage and bank garnishment. Once you have your wages or bank account garnished it is difficult to get those fund back unless you qualify for one [...]

Accuracy and Honesty in Bankruptcy

In order to have the bankruptcy process go smoothly both the attorney and client have to be on the same page in regards to accuracy of bankruptcy schedules.  It is imperative that clients take an active role in reviewing the bankruptcy petition that is to be filed with the court.   The most important things for [...]

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 [...]

« Previous Page