Bloomington Bankruptcy Attorney: Preparing for Your First Meeting
Filing bankruptcy is a complicated and tough decision and likely, an emotional time for most people. When first meeting with your bankruptcy lawyer, you may be overwhelmed and surprised with the amount of information the lawyer needs to analyze your case. This information is necessary to determine which type of bankruptcy is appropriate for your […]
Which Debts Are Relieved By Bankruptcy?
Bankruptcy Attorney in Minneapolis Explains Which Debts Are Relieved by Bankruptcy This is one of the most common questions asked by people contemplating filing bankruptcy. Certain debts are not dischargable in bankruptcy and it is important to distinguish between what can be discharged and what cannot be discharged. A knowledgeable bankruptcy attorney in Minneapolis can […]
Debt Settlement with Creditors: a Bankruptcy Alternative
Are you behind on credit card payments? Do you want to stop harassing phone calls? Collection agencies often use threatening tactics, invoke fear and even threaten garnishment. What creditors don’t tell you is that they might be willing to settle the debt for less than the amount owed. Debt settlement is an effective way to […]
Minneapolis Bankruptcy Lawyer: Should You File Bankruptcy?
Bankruptcy can provide a solution for dealing with debt in many different situations. It is a viable form of debt relief that thousands of people seek each year. Each situation is unique and should be evaluated on a case-by-case basis. Bankruptcy is not for everyone. In deciding if bankruptcy might be the best option for […]
Overview of Chapter 13 Bankruptcy
Chapter 13 bankruptcy is another form of bankruptcy relief. Unlike Chapter 7, a Chapter 13 bankruptcy allows you to keep all of your property (may vary in certain situations) and pay back a portion, if not all, your debt over three to five years. Chapter 13 is an effective tool to handle certain types of debt […]
Tips on Developing a Budget from a St. Paul Bankruptcy Lawyer
Once you have completed bankruptcy or otherwise resolved a debt crisis, you doubtless want to avoid a similar situation in the future. The most important tool you can use to reduce the risk of developing debt problems is a budget. Many blogs and articles offer advice for improving your finances. Most of these boil down […]
What to Expect at the Meeting of Creditors in a Chapter 7 Bankruptcy
Several weeks after your Minneapolis Chapter 7 bankruptcy case is filed, you will be required to attend a Meeting of Creditors, also called the 341 hearing. The court will send out a notice of the location, date, and time a few days after your case is filed. The meeting of creditors is a court […]
Overview of Chapter 7 Bankruptcy
Bankruptcy laws provide individuals seeking debt relief two main avenues to that relief: Chapter 7 and Chapter 13. Chapter 7 bankruptcy, often called liquidation or straight bankruptcy, is the most common form. In Chapter 7 debts like credit cards, medical bills, and utility bills can usually be completely discharged or wiped out. Bankruptcy courts may […]
5 Strategies for Rebuilding Your Credit after Bankruptcy
Minneapolis Bankruptcy Attorney Offers 5 Strategies for Rebuilding Your Credit after Bankruptcy Bankruptcy lets you start fresh without the burden of debt you can never repay. But successfully rebuilding your credit after bankruptcy takes diligence and planning. Your credit score will be affected when you file for bankruptcy, but you can improve your score by […]
Can I Include My Homeowner’s Association Fees in Bankruptcy?
In Minnesota, your homeowner’s association fees are a lien against your property. If you don’t pay the fees, your homeowner’s association can foreclose its lien against your property and you could lose your home. If you are behind in your homeowner’s association fees, you can use a Chapter 13 debt consolidation plan to force your […]