People like to think that a credit report has a complete list of the debts that a person owes, but this isn’t true. I regularly pull credit reports when I meet with new clients so that I can find as many accounts as possible and do a thorough job. I go through the reports with… Read more »
Top 4 things People Don’t Expect When Filing Bankruptcy
Bankruptcy sometimes doesn’t work the way people think it will work. Here are the top 4 ways that it doesn’t work the way people expect it to work: BANKRUPTCY AUTOMATICALLY INCLUDES ALL CREDITORS. That’s right, it automatically includes every company or person to whom you owe money. You can’t keep one loan or credit card… Read more »
What Should be on My Credit Report After Bankruptcy?
Credit reports are supposed to show how much money a person owes on various debts and when or if the borrower is making payments on those debts. Because bankruptcy makes many types of debts go away completely and forbids collections, at least temporarily, on others, it can be like a tidal wave on the credit… Read more »
Bankruptcy Works on Internet Loans
The American economy is always changing and there are always new loan companies and new ways to borrow money. Most people know that bankruptcy works on (discharges) credit card loans and medical bills, but you may be wondering if bankruptcy works on fintech loans or Internet loans. The short answer is that these loans get… 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 »
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 »
