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 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Harvard study found that nearly 70% of bankruptcy cases are Medical Bankruptcy. With today's high deductibles, the situation hasn't improved. Illness can mean time off of work and reduced income. Medical Bankruptcy eliminates medical debt, but only the medical bills that are owed as of the date of filing your bankruptcy petition. If you are currently running [...]
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 [...]
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Suite 1500 Bloomington,
Bloomington, MN 55431
United States (US)
Phone: (952) 222-4882
Email: greg@waldlawfirm.com
WE ARE A DEBT RELIEF AGENCY. WE HELP PEOPLE FILE FOR BANKRUPTCY RELIEF UNDER THE BANKRUPTCY CODE!
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