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 [...]
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 [...]
Divorce and Bankruptcy: Divorce is painful and can leave us in financial ruins. We are often clouded with emotion and are unable to make sound financial decisions that will protect us. Make sure to hire someone who is thinking practically and not emotionally. If filing for bankruptcy is necessary, than proper means must be taken [...]
Ignoring or Hiding From Debt Won't Make It Go Away, it will only make them worse. Nobody-ever-forgets-a-debt. Especially not creditors. If you are facing legal action do not procrastinate. Often, even when people are in danger of foreclosure or car repossession, or are being sued, or are having their wages garnished – even then, they do [...]
Benefits Of Bankruptcy Many people are afraid of bankruptcy. The very word sends shivers down their spine. It’s the financial world’s scarlet “a”. That’s a general misconception held by many. Filing for bankruptcy is often times a beneficial experience when one is saddled with insurmountable death. People worry about it showing up on their credit [...]
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 [...]
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 [...]
The type of debt you have plays an important role in what happens if you default on a loan. There are two types of debt. Secured and unsecured debt. Secured Debt is any debt that is backed by some sort of physical property, such as a car loan or a mortgage. The car loan is [...]
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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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