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 [...]
You might be worried about what friends and relatives will think of you if you file for bankruptcy protection. You can relax. Your friends and relatives want what is best for you. For example, one of my clients was borrowing heavily from his parents in order to keep up with his credit card debt. His [...]
Credit counseling companies were originally created by the banks to collect debts for them. They offer "debt management plans" where by people can consolidate their debts and pay them off in full over a period of five years. They try to negotiate lower interest rates for the credit cards so that they can be paid [...]
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 [...]
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 [...]
There are a number of potential pitfalls and tricks in the ever-changing bankruptcy laws, so it is very important to consult with a knowledgeable bankruptcy attorney. If your case is filed wrong, it may be dismissed for not filing a required document and if you have to file a new case you may not be [...]
Child support is NOT dischargeable in any type of bankruptcy. The welfare of minor children is of primary importance throughout the state and federal court system. Priority debts are nondischargeable in bankruptcy. This means that if you owe any outstanding child support debt, it will not get wiped out by your bankruptcy discharge. As a [...]
Enormous Debt : More than ever, young adults are being saddled with an enormous amount of debt right after they earn their college degree. They spend the rest of their twenties giving a sizable portion back to the University who just won a bowl game and is hardly hurting for cash. Meanwhile, you're a twenty [...]
...A commonly asked question. Commonly asked because many are truly unaware of the differences between the two. Chapter 7. Chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area where the individual lives or where the business debtor is organized or has its principal place of business or [...]
Common Bankruptcy Myths Everyone will know that I filed for bankruptcy... While filing for bankruptcy is a matter of public record, people generally won't find this information unless they are looking for it. All of my debts will be wiped out in Chapter 7 bankruptcy... Sadly, not every debt is able to be discharged. Non-dischargeable [...]
If you plan on filing for bankruptcy, you need to understand how credit card use can affect your bankruptcy. It is never a good idea to run up credit cards immediately beforehand. While it may be tempting, using your credit cards directly before filing for bankruptcy can lead to complications that include not being able [...]
Tax Debt Relief If you have an income tax debt, and are filing for bankruptcy, that may be eligible for discharge under Chapter 7 or Chapter 13 of the Bankruptcy Code. The difference between a Chapter 7 bankruptcy and a Chapter 13 bankruptcy is that Chapter 7 allows for a full discharge of permitted debts [...]
Repairing your credit after bankruptcy is possible, you could even obtain a good credit score within several years of your bankruptcy case being discharged. The first step is receiving the notification from the courts that all of your debt has been discharged. This form will be titled “Discharge of Debtor.” Keep this form in a [...]
Bankruptcy The Second Time If you have already filed for bankruptcy and you find yourself struggling with debt again, you may be eligible to file for bankruptcy the second time -- if certain criteria are met. There are two main types of bankruptcy, Chapter 7 and Chapter 13. You are able to file more than [...]
Bankruptcy provides a fresh start for many, but what happens when some of your secured debt, such as a vehicle, has a co-signer? If you are planning on filing for Chapter 7 bankruptcy, and in doing so surrendering secured property, you should understand that when it comes to co-signers and bankruptcy, the protection of bankruptcy [...]
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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!
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