Bankruptcy Questions

My best advice is if you have questions during your bankruptcy filing to give your attorney a call. In most cases your questions can be answered with a minute or two on the phone, so why sit and worry when you can get an answer. The reason you hired an attorney is so you do [...]

Effectiveness of Home Mortgage Modifications

Is mortgage modification effective at preventing foreclosure? I have been looking for statistics regarding the effectiveness of mortgage modifications and have not found any good evidence of the effectiveness of the program. I can report that with my clients most receive a small reduction in their mortgage payments, but most do not receive any large [...]

Top Ten Things to Avoid Before Filing For Bankruptcy

If you are thinking about filing for bankruptcy this list has a few of the worst things you can do before filing: 1. Transfer property to friends or relatives;2. Pay back friends or relatives for loans before filing for bankruptcy;3. Deplete your retirement accounts to pay back creditors or pay bills;4. Transfer money from retirement [...]

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 [...]