Bankruptcy Stops Eviction Orders From Being Granted Bankruptcy is a very powerful legal process. It can stop almost any act to collect a debt, including evictions. But only if the bankruptcy is filed before the MN Housing Court issues a writ of execution. After a writ of recovery is issued, then the bankruptcy is less… Read more »
Weighing Your Options: The Pros and Cons of Filing Chapter 7 Bankruptcy
Do you feel like you are buried in debt with no foreseeable way to get out from under it? Would you like to STOP harassing creditor calls, wage garnishments, pending foreclosure, and losing the assets you have worked hard to acquire? If the answer to these questions is, “Yes!” filing for Chapter 7 bankruptcy could… Read more »
New York Bankruptcy Court Allows Discharge of Some Private Student Loans
Is the trend changing for whether student loans can be discharged in bankruptcy? One court in New York is willing to go against the grain and rule for the student loan borrower. This court found that the borrower’s specific type of loan did not count as a student loan. Read the opinion here. There are… Read more »
John Oliver Tonight Did An Episode On Bankruptcy – It’s All True
Here is a link to the episode on youtube. https://www.youtube.com/watch?v=GzFG0Cdh8D8 The realities of filing bankruptcy are rarely mentioned on regular media, but on 4/18/2021 John Oliver Tonight did an episode about it. Walker & Walker agrees with most of his points! The credit counseling course and financial management course are unnecessary and stigmatizing. People file… 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 »
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 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 »
Is It Better to File a Chapter 7 or 13 Bankruptcy in Minnesota?
Which Is The Better Option For Me? If you are considering bankruptcy, you may have been doing your reading on both Chapter 7 and Chapter 13 bankruptcy in order to determine which is the better choice. In truth, neither is better than the other innately. It is more accurate to say that one may be… Read more »
