Bankruptcy Filings To Increase During COVID-19 Pandemic Unfortunately for the world of business and homeownership, bankruptcies are not expected to decline during this tumultuous time. In fact, it looks as though they’re going to continue rising and remain consistently high for the rest of the foreseeable future. Does this indicate a full-on crisis in the credit market?… 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 »
How Do You Know When to File Personal vs. Business Bankruptcy?
Twin Cities Bankruptcy Lawyers Fighting For You People don’t like the idea of bankruptcy. It is something that many people fear having to claim, especially if they have a small business, own their own home, etc. Owning a small business and needing to file bankruptcy is a scary situation. In reality, filing bankruptcy usually fixes… Read more »
Can I Sell My House During Chapter 13 Bankruptcy?
Going into Chapter 13 bankruptcy is not something one does casually. While it is less extreme than some forms of bankruptcy, often allowing you to keep your home and to work out affordable payments with your creditors so that you can pay back part of what you owe, it is still an involved process that… Read more »
Can I Quit My Job During Chapter 13 Bankruptcy?
Your job is an important source of income, whether you’re in the middle of trying to pay down debt or are trying to file for bankruptcy. Sometimes, however, your job causes more problems than it solves. Can you quit your job while filing for bankruptcy? If you’re struggling to understand your next move, it can… Read more »
What Steps Do I Need to Follow to File Bankruptcy?
The most common form of bankruptcy relief is Chapter 7. Most consumers who find they are facing overwhelming debt find this is the best option for their needs since it allows them to get a completely fresh start if they qualify. These are the steps you need to take to file a Chapter 7 bankruptcy. Step One:… Read more »
What is a Bankruptcy Estate?
Filing Bankruptcy protects your stuff from creditors. But to understand how that works, it helps to understand what a ‘Bankruptcy Estate’ is. Now you’ve probably heard the word estate used in phrases like ‘real estate,’ ‘family estate,’ or ‘estate planning.’ In bankruptcy, your estate is everything you have at the exact moment you file your… Read more »
A Tax Lien: What is It?
Minnesota Bankruptcy Lawyers at Walker & Walker A tax lien is the government’s claim to all or part of your assets because of a failure to pay taxes on time. A lien may be at the Local, State, or Federal level. Failure to pay a tax lien means that if you sell anything valuable, then… Read more »
Who Will Know About My Bankruptcy? Does It Go in the Newspaper? Google?
Facing Bankruptcy? Contact Walker & Walker Law Office Are you asking yourself “Who will know about my bankruptcy?” instead of actually filing Chapter 7 Bankruptcy or Chapter 13 Bankruptcy in Minnesota? Worried that your friends, family, colleagues and neighbors will know? Bankruptcy used to carry a series of negative connotations when it came to a… 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 »