If you’re thinking about filing for Chapter 7 Bankruptcy, then you might think that all of your debts can be discharged. Whilst most of them can be included in your petition, there are some debts not covered by Chapter 7 Bankruptcy. Here are the 10 debts not covered by Chapter 7 Bankruptcy in Minnesota. 1…. Read more »
What is a motion for relief from the automatic stay?
WHAT IS A MOTION FOR RELIEF? A motion for relief is a creditor’s way to ask the court for permission to foreclose on a house or repossess a car. In most cases, only a mortgage lender or a car lender can bring a motion for relief. The court usually hears the motion approximately one month… Read more »
How does Minnesota compare to the highest and lowest per capita bankruptcy filings?
Following on from our 2015 Minnesota Bankruptcy Statistics article, we thought we’d compare Minnesota to the states with the lowest and highest number of per capita bankruptcy filings in 2015. How does Minnesota compare to the states with the highest and lowest number of bankruptcies filed in 2015? How does Minnesota compare to the state with… Read more »
How does Minnesota compare to the states with the highest and lowest number of bankruptcies filed in 2015?
Following on from our 2015 Minnesota Bankruptcy Statistics article, we thought we’d compare Minnesota to the states with the lowest and highest number of bankruptcies filed in 2015. How does Minnesota compare to the highest and lowest per capita bankruptcy filings? How does Minnesota compare to the state with the lowest ratio of Chapter 7 bankruptcies?… Read more »
DON’T PAY YOUR CREDIT CARDS EVER AGAIN
Are you short of money for gas or food or the rent or mortgage payment? How much are you paying out each month on credit cards? $200, $300, $500 or even more? What if you didn’t have to pay on your credit cards next month or EVER AGAIN? Would that help? Well, that is what… Read more »
Minnesota Bankruptcy Statistics 2015
Minnesota Bankruptcy Statistics 2015 We talk a lot about why people file for Chapter 7 Bankruptcy or Chapter 13 Bankruptcy, how the process works, and what to expect. Now over the next few weeks we’re going to give you some 2015 facts and figures regarding bankruptcy in Minnesota, and how bankruptcy in Minnesota compares to… Read more »
What is Bankruptcy Fraud?
Bankruptcy fraud is a crime that usually comes down to hiding assets from the bankruptcy court, filing false or incomplete bankruptcy forms, filing multiple times or conspiring with or bribing the court appointed bankruptcy trustee. Is bankruptcy fraud serious? This is a serious offense punishable by up to 5 years in prison and fine of up… Read more »
What do I get to keep if I file bankruptcy?
What do I get to keep if I file bankruptcy in Minnesota? It’s probably one of the things you worry about most about when thinking about filing for bankruptcy. What you can keep if you file bankruptcy in Minnesota depends on: Whether you file Chapter 7 Bankruptcy or Chapter 13 Bankruptcy In Minnesota, there are… Read more »
The Pros and Cons of Filing for Bankruptcy
If you’re thinking about filing for Chapter 7 Bankruptcy, or Chapter 13 Bankruptcy, then you might be wondering about the pros and cons of filing for bankruptcy. Here’s our guide. Pros of filing for bankruptcy 1. You get out of debt right away Normally once you decide to file for bankruptcy in Minnesota, you stop… Read more »
Do I Qualify for Chapter 7 Bankruptcy?
If you are worried that your debts aren’t big enough to file for Chapter 7 Bankruptcy, or your income is too high, here is what you need to know. 1. What is the minimum debt needed to file? There is no minimum amount you need to owe to file bankruptcy. However, at our office we… Read more »
