Facing Bankruptcy? Contact Walker & Walker Law Office Today What is a bankruptcy trustee? In the simplest and most direct terms: The bankruptcy trustee is an attorney (or sometimes non-legal financial official) appointed by the court to oversee and aid in your case The bankruptcy trustee is not a judge, and normally you do not… Read more »
What is the Difference Between a Credit Score and Credit Report?
Facing Bankruptcy in Minnesota? Contact Us Today! Whether you are in the market to buy a new home, purchase a car, or just open a line of credit, lenders will want to take a look at your credit score to help them make their decision. Financial institutions use a person’s credit score to determine how… Read more »
Do I Have To Pay My Spouse’s Debts?
Do I have to pay my spouse’s debts? That’s a fair question, and one we get asked a lot. Here is the answer to the question, “Do I have to pay my spouse’s debts?” When people give themselves in marriage to the one they love on their… Read more »
Can I Rent an Apartment After Filing Bankruptcy in Minnesota?
Can you rent an apartment after filing bankruptcy? The short answer is: Yes you can Here’s why. Bankruptcy doesn’t automatically mean that you won’t be able to rent an apartment. You can find a new apartment quicker and easier by knowing more about what landlords want from their tenants. Here’s what you need to know…. Read more »
What Are the Differences Between Tax Returns and Tax Refunds?
One of the questions we are often asked is “What are the differences between tax returns and tax refunds?” So, if you’re thinking of filing Chapter 7 Bankruptcy or Chapter 13 Bankruptcy in Minnesota, we thought we’d explain. Here’s what you need to know about the differences between tax returns and tax refunds. Tax returns… Read more »
What Happens in Minnesota if I Inherit Something After Filing Bankruptcy?
What Happens in Minnesota if I Inherit Something After Filing Bankruptcy? It’s a fair question. No one plans when they will receive an inheritance, or when they will need to file for bankruptcy. This makes the possibility that you may inherit from an estate after filing bankruptcy a very real one. However: What happens to… Read more »
Andrew Walker Wins a Court Victory Allowing Minnesota Homeowners To Keep the Money From Selling Their Homesteads
Bankruptcy Attorney Andrew Walker won a court victory in July, 2018 with the In Re Thomas, 17-43661 MER case, regarding the “Snapshot Rule”. This case, decided by the Bankruptcy Court for the District of Minnesota formally adopted the “Snapshot Rule” for how the proceeds from selling a house are treated in a Chapter 7 Bankruptcy… Read more »
Why Homeowners With Bad Debt Should Use Bankruptcy to Avoid Home Equity Loans
Minnesota homeowners with bad debt should use bankruptcy to avoid home equity loans. As Minnesota bankruptcy attorneys, we’re bound to say that though, aren’t we? But here’s why. MINNESOTA LAWS ARE VERY FAVORABLE TO HOMEOWNERS In Minnesota, it is almost impossible for a debt that isn’t a mortgage to take your home. The Minnesota Homestead… Read more »
Minnesota Changes Bankruptcy Laws to Protect Health Savings Accounts (HSAs)
The Minnesota legislature recently passed a law to make the first $25,000 that a person has in a Health Savings Account or HSA exempt from bankruptcy and exempt from judgment creditors or debt collectors who are trying to collect. This bill is called HF 2391 and was introduced by Senator Roger Chamberlain of District 38 to… Read more »
