One of the biggest challenges of bankruptcy is that people need to file bankruptcy because they don’t have any money, but it COSTS MONEY to file bankruptcy. Bankruptcy makes people money because it stops debt payments and improves net worth, but it only does this when the case is actually filed, which costs money. What… Read more »
What Happens If Your Chapter 7 is Dismissed?
Bankruptcy Attorney Serving Twin Cities While it is not something that happens often, it is possible for your Chapter 7 bankruptcy case to be dismissed by the court. What a bankruptcy dismissal means is that you do not qualify for the bankruptcy process and thus the filing is dropped. While this sounds particularly scary, if… 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 »
Can I Get a Job After Filing Chapter 7 Bankruptcy in Minnesota?
You’ve been struggling to pay your bills for a while now. You’ve heard that Chapter 7 bankruptcy can give you a fresh start. But, you’re worried about how bankruptcy will affect your future employment. Will anyone hire you if you have a bankruptcy on your record? Usually it is better to have a bankruptcy on… 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 »
What is the Income Limit for Chapter 7 Bankruptcy in Minnesota?
You’re afraid to answer the phone. You get calls from collection agencies every single day. And now, your creditors are even calling you at work. Filing for bankruptcy will end the calls and give you a fresh start. However, there are income limits for chapter 7 bankruptcy in Minnesota. For some households, figuring out their eligibility for chapter… 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 »
Chapter 7 Provides High Return on Investment
Minneapolis and Saint Paul Chapter 7 Bankruptcy Attorneys Most of my clients know that they need to do something to get out of debt and work on fixing their credit, but the problem is that bankruptcy costs money up front. What is a person to do if they are already living paycheck to paycheck?. What… 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 »
Can I Rent an Apartment After Filing Bankruptcy in Minnesota?
Can you rent an apartment after filing bankruptcy? The short answer is: Yes you can Here’s why. Bankruptcy doesn’t automatically mean that you won’t be able to rent an apartment. You can find a new apartment quicker and easier by knowing more about what landlords want from their tenants. Here’s what you need to know…. Read more »