If a business isn’t making money and isn’t likely to start making money soon, then it often makes sense to close it. In modern America, there are many expensive costs to running a business, even one that isn’t making money, so it can make sense to close it quickly before the losses get larger. But… Read more »
I Owe Minnesota Unemployment Compensation For an Overpayment. Can Bankruptcy Help?
Sometimes an unemployment overpayment will go away in bankruptcy, but usually it survives. Whether it goes away or not depends on whether the overpayment . Chapter 13 Bankruptcy will also stop garnishment for unemployment for up to 5 even if the overpayment doesn’t get discharged in the bankruptcy. This is because bankruptcy gives you an… Read more »
Can I File Bankruptcy on a Bail Bond?
In Minnesota you can file bankruptcy on a bail bond. I have represented several people who have successfully filed on a bail bond, and it went away completely. WHAT IS A BAIL BOND, WHO OWES IT? A bail bond is kind of like a loan. If someone is charged with a crime and arrested,… Read more »
Will I Be Completely Debt-Free After Filing For Bankruptcy?
What Is Bankruptcy? Have you found yourself in a monetary situation that you can’t seem to get out of? Are you having problems paying your bills and lowering your debts? Filing bankruptcy may be the most effective option to solve your problems. It is very important to understand what bankruptcy is and what your options… Read more »
What Happens to Your Credit Score After Bankrupcy?
Minnesota Bankruptcy Attorneys That Can Help You A common concern that many have when they consider filing for bankruptcy is the effect it has on their credit score. Bankruptcy can stay on your credit history for as long as 10 years, but most of our clients have a better credit score than before bankruptcy after… Read more »
What Assets Can I Keep in Chapter 7?
Minnesota Bankruptcy Attorneys Fighting For You Although bankruptcy has been around for awhile, it still has this misconception by those who have never filed that the courts will take basically everything you love to pay down your debts. That is not true at all. In fact, you will find that you can retain actually quite… Read more »
What is the Cost and Process for a Chapter 7 Bankruptcy?
What Does The Process Look Like? Filing bankruptcy is a big decision to make and it is important that you have all available information before you begin the process. Chapter 7 Bankruptcy is designed to give you a fresh start if you are bogged down with medical, credit card, or utility bills. The process can take anywhere between 3 and 6… Read more »
All About Your 401(k) In A Bankruptcy – you keep it almost no matter what
Bankruptcy Attorneys in Minneapolis & St. Paul You worked your whole life to save enough money for retirement through a 401(k.) It is understandable to worry about what will happen to your account if you are filing for bankruptcy. Fortunately, there is plenty of information about how bankruptcy affects your 401(k.) Are The Funds Safe?… Read more »
What Happens If Someone Dies During Bankruptcy?
How Death and Bankruptcy Work in Minnesota It is not a situation that happens every day, but the unpredictability of life has seen it happen before. A debtor begins the necessary steps to file bankruptcy, and then somewhere during the process, they pass away. Sudden and confusing, the heirs not only have to deal with… Read more »
Do I Have to Go to Court If I File for Bankruptcy?
Minnesota Bankruptcy Attorneys You Can Trust For many, any day that they have to go to a courthouse is a bad day. It can be incredibly nerve-wracking to stand in a courtroom, in front of a judge, and under oath even if you have done nothing wrong and are there for a civil matter. As… Read more »
