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 »
How Much Do I Have To Be In Debt To File Chapter 7?
Filing For Bankruptcy in Minnesota Starts By Calling Walker & Walker Many people across the globe are finding themselves under increasing pressure due to the amount of debt that is piling up. While many people may not have a huge amount of debt, the ability to pay everything back is becoming more improbable. When people… Read more »
How Long Does Chapter 7 Bankruptcy Discharge Take In Minnesota?
Walker & Walker Can Help You File Chapter 7 Bankruptcy When debts get out of control, and someone can no longer pay them, one of the smartest legal options is to declare bankruptcy. However, if you’re looking to declare Chapter 7 bankruptcy in the state of Minnesota then there are certain things you need to… Read more »
Bankruptcies Expected To Rise Due To Coronavirus Fears
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 »
Chapter 7 Bankruptcy, Minnesota’s Xcel Energy and Keeping Utilities On
Many of our Minnesota clients are worried about more than just credit card debt-they also fear having their utilities shut off, especially during the world we live in these days with coronavirus. What happens when you have used up all of your available resources, yet still owe a sizeable amount to Xcel Energy? Can filing for Chapter… 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 »
What is Chapter 7 Liquidation?
Minnesota Bankruptcy Attorneys Fighting For You When a debtor files for protection under Chapter 7 of the bankruptcy code, they must meet certain financial criteria. Chapter 7 may be used by both individuals and small business owners who can meet the guidelines. This criterion is based on the median income in the state in which… Read more »