Step 1: Your free phone call
It all starts with a phone call to set you up with a totally FREE debt consultation at one of our offices.....located in Minneapolis, St. Paul,...
Debts not discharged in bankruptcy include alimony, child support, taxes due less than three years, student loans, criminal restitution, debts resulting from driving while...
Chapter 7 is often called full bankruptcy, and Chapter 13 is often called a wage earner plan. The main difference is that in Chapter 7 the bills are wiped out right away with...
Most of my clients get to keep everything they own when they file for bankruptcy. This includes cars, houses, retirement savings, and even cash. The property which a debtor...
My clients usually receive offers for new credit cards in the mail within a month of filing for bankruptcy relief. It is true that you will close many of your old credit...
A bankruptcy discharge will remain on your credit report for 7 to 10 years, but will quickly start to improve your credit rating. Credit ratings are computed by looking at...
FORECLOSURE
Foreclosure is a legal procedure by which a mortgage lender can take possession of a house when the borrower does not make the monthly payments. Foreclosure is...
One of the most common concerns that I hear from people considering bankruptcy is the social stigma attached to bankruptcy. A basic quality of human nature is that people...
When deciding whether to file for bankruptcy, most people are very concerned about what their creditors can do to them. Debtors want to avoid wage garnishments, bank account...
When people are receiving harassing phone calls from creditors and cannot make ends meet with their current incomes, it can be very tempting to withdraw from a retirement...
In most cases the bankruptcy discharge is tax free. Outside of bankruptcy, any discharge of indebtedness is taxed as income. For example, if you settle a $10,000 for $5,000...
What is lien stripping?
The law in Minnesota is changing to allow people to keep their houses, but get rid of 2nd mortgages by filing a Chapter 13 bankruptcy. This is called...
Yes. If your school refuses to give you a transcript until you pay your tuition or student loans, then you can use a bankruptcy to force the school to give you the...
After a creditor sues you in court, they get a judgment. You will know you are being sued because you will receive a letter called a summons and complaint. This letter is...
Yes, as soon as you file for bankruptcy, your creditors must turn your utilities back on. Your lawyer should call them for you and make sure they restore service. If the...