In 2005, a law was passed that drastically reduced the ability of citizens to form fair repayment plans and discharge debt. Our bankruptcy system must be fixed to give responsible citizens a second chance. One leader we’ve heard a lot about lately, cares deeply about this issue. Senator Elizabeth Warren’s Story Researching to Discover the Reasons… Read more »
What is the Downside of Filing for Bankruptcy?
Most people overestimate the harm from filing bankruptcy and underestimate the good that comes of filing it. This website and lots of others have long lists of the benefits of filing, but what about the bad things that can happen? That being said, bankruptcy isn’t always the answer. There are some disadvantages that you need… Read more »
Why People File Bankruptcy In Minnesota?
For everyone, bankruptcy isn’t part of “the plan” they had for their life. However, even if no one plans for it, bankruptcy is an option for when things just get out of control. Why do people file for bankruptcy in Minnesota? Sometimes it is because they were bad with their money, but mostly it is… Read more »
Minnesota Chapter 7 Bankruptcy: What It Is, and How It Works
Need a Bankruptcy Attorney in the Twin Cities? Call Us Today! Bankruptcy is a helpful and generous provision for citizens that have fallen on hard financial times. It provides a legal framework that protects debtors from ruthless creditors, while also reducing creditor losses from sunk costs. In Minnesota, Chapter 7 bankruptcy is the most common… Read more »
Will Chapter 7 Eliminate My Tax Debts?
Contact Us Today For A Free Case Evaluation Chapter 7 is often referred to as “straight bankruptcy.” This gives the impression that all of your debts will be eliminated. You’ll walk away with a clean slate. Depending on the types of debts you have, this may or may not be the case. In Chapter 7 bankruptcy,… Read more »
What If I Have No Assets for Chapter 7?
Considering Bankruptcy? Contact our Minneapolis Bankruptcy Lawyers First! When you file bankruptcy, you are filing because you are left with very few other options. Your finances are out of control and bankruptcy acts as a sort of reset button. You aren’t filing for bankruptcy because you are flush with cash, and sometimes, you may not… Read more »
Taking Care of your Debt with Chapter 13 Bankruptcy
Hearing the words “bankruptcy” can be scary, but it shouldn’t be! Making the decision to file is life-changing, and one that can make a huge difference in your future. The Bankruptcy Code has many chapters, all talking about different scenarios where it might be a good idea for someone to file for bankruptcy. For people… Read more »
Fixing Our Bankruptcy System: A Plan to Give People a Second Chance
Facing Bankruptcy? Give Walker & Walker a Call Today! Bankruptcy provides relief to individuals and families every year in Minnesota. Despite being an option for many, some of the people who need debt relief the most are unable to file or must jump through hurdles due to prohibitive federal laws. The Bankruptcy Reform Plan proposed by Elizabeth Warren would… Read more »
How Can I Afford a Bankruptcy Lawyer in Minneapolis, Minnesota?
Affording a Bankruptcy Lawyer in Minnesota It is a great irony that when you need to file for bankruptcy, the first advice you get is to hire a lawyer. If you have a need for bankruptcy, it is likely because you have racked up so much debt that you are floundering financially in the water…. Read more »
When Should I Stop Paying Loans and Credit Cards When Filing For Bankruptcy?
Why Should You Even Pay Your Creditors? If you are going to file for bankruptcy in the future, you may wonder why should you even continue to pay your creditors? Well, you shouldn’t. Many people, before filing for bankruptcy, stop paying their creditors and use that money they otherwise would have sent to them to… Read more »
