Picture this: You lost your job a few months back and are having a hard time finding a new one. Your income is nonexistent, your bills are overdue, and you're stressed more than ever. Not a pretty picture, right? Luckily, if you are in this predicament, you can hire a bankruptcy attorney in Bloomington. If [...]
If you have money on your mind, you’re far from alone. One 2019 study found that 56% of all U.S. adults admit to losing sleep over their finances. When anxiety over your money spirals out of control, the decision to opt for bankruptcy can be a huge relief. Knowing that you’ll be able to manage [...]
Did you know that over twelve years more than four million people filed for Chapter 13 bankruptcy? Chapter 13 bankruptcy is a great alternative to Chapter 7 if you have significant property equity and a regular income. Unfortunately, finding out the payment amount that you owe is a complicated process. Luckily, in this article, we’ll [...]
The Means Test is Required for Chapter 7 Bankruptcies If you are an individual debtor with primarily consumer debts then you are required to calculate your current monthly income and expense deductions under a means test. The bankruptcy code defines income as income from all sources without regard to its taxable nature. It also [...]
Most people who file for bankruptcy own or lease a car, truck, or motor cycle. A motor vehicle is often a necessity, so, if you are thinking about bankruptcy, you are probably concerned about the fate of yours. What happens to your motor vehicle in Minnesota Chapter 7 bankruptcy depends on whether it is fully [...]
A reaffirmation agreement is a contract in which a Chapter 7 debtor (the person who files a bankruptcy case) and a lender agree that a debt will not be discharged in a Chapter 7 bankruptcy case. If the goal of a bankruptcy case is to eliminate (discharge) as much debt as possible, it may [...]
Filing for Bankruptcy? Bankruptcy can be a trap for the unwary, particularly if you file bankruptcy pro se, i.e., without legal representation by a knowledgeable bankruptcy attorney. Some common mistakes to avoid when filing for bankruptcy are listed below. You can escape all of these errors by retaining competent bankruptcy counsel and following his or [...]
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 [...]
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 [...]
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 [...]
Until the mid-19th century, many people would go to jail for debt. Similar to today's workhouses, you could go to jail for debt until the debt was paid off. Debtors prisons were abolished long ago, but there are still are ways that you can go to jail for unpaid debt. If you are held in contempt [...]
Your Credit Score (720creditscore.com) Poor credit is very costly, because it means high interest rates for car loans, credit cards, and mortgages. There is no reason for you to live with poor credit. Bankruptcy and www.720creditscore.com can help. While it is possible to have a credit of over 800, a score of at least 720 [...]
Student Loans in Bankruptcy In order to eliminate student loans in bankruptcy, it is necessary to sue the lender and prove that it would be an "undue hardship" to be required to repay the loan. The courts have interpreted this requirement stringently, making it difficult for most borrowers to eliminate their student loans in bankruptcy. [...]
Have you been sued in Minnesota? - Understanding Debt Lawsuit When credit cards, bank loans, medical bills and other debts become seriously delinquent, the creditors usually send them to a collection agency first. If the collection agency can't collect the debt, then it may go to a collections lawyer who will sue to collect the debt. [...]
The waiting period for obtaining an FHA or VA mortgage after bankruptcy is two years after you receive your Chapter 7 bankruptcy discharge.. It normally takes about three months to get your discharge after we file your bankruptcy petition with the court. However, there is a new rule that allows you to obtain an FHA [...]
WE ARE A DEBT RELIEF AGENCY. WE HELP PEOPLE FILE FOR BANKRUPTCY RELIEF UNDER THE BANKRUPTCY CODE!
This Attorney Gregory Wald is rated as “Excellent” by the AVVO attorney rating company. The Better Business Bureau gives him an “A” rating, with no complaints. You can expect prompt answers to you questions and fast, efficient service. Put your future in the hands of an experienced bankruptcy attorney. READ More
