What Happens to Your Motor Vehicle in Minnesota Chapter 7 Bankruptcy?

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 [...]

14 Common Mistakes to Avoid When Filing for Bankruptcy

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 [...]

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 [...]

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 [...]

Keeping Track of Companies You Owe Money To

When you run into financial problems and bills begin to mount, it can sometimes be hard keeping track of companies you owe money to. You might receive calls from multiple collection companies and they often do not identify who they are collecting for. In order to eliminate your debts in bankruptcy it is important to [...]

Can a Person Filing Bankruptcy Exclude Debts They Want to Pay?

Filing Bankruptcy Exclude Debts: I am often asked Can a Person Filing Bankruptcy Exclude Debts They Want to Pay?.  When you file a bankruptcy petition, you must give the court a complete list of your debts.  You are not allowed to leave anything off.  However, it is possible to repay debts that you have listed [...]

How Often Can I File Bankruptcy?

When a person has filed bankruptcy in the past, they may want to know how long they must wait to file bankruptcy again.   If a person has filed a Chapter 7 bankruptcy petition and received a discharge of their debts, they must wait 8 years before they can file another Chapter 7 petition.  However, the [...]

Brooklyn Center Bankruptcy Attorney: How To Pay For Bankruptcy

Chapter 7 Bankruptcy Chapter 7 bankruptcy allows a person to eliminate most types of debts completely, while allowing a person to keep all assets that are exempt from creditors.   The court filing fee and attorney’s fee for Chapter 7 bankruptcy must be paid in advance.  If a person wants Chapter 7 bankruptcy and is not [...]

Do I Need To Disclose The Auto Loan That I Cosigned For In My Bankruptcy?

When filing for bankruptcy, you are required to report all of your liabilities and assets. An auto loan in which you cosigned for is considered a liability. Even if you do not possess the vehicle and the primary borrower makes all of the necessary payments, you are still liable for the loan. You have to [...]

St Louis Park Bankruptcy Attorney: Bankruptcy Questions

Bankruptcy FAQs. What do I need to begin my Minnesota bankruptcy case? Have a detailed list of past and current debts as well as a list of assets and liabilities. Additionally, you will need tax returns for the past two years, documentation of income, recent bank account and retirement statements, proof of expenses, and identification. [...]

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