A bankruptcy audit is an independent look at a bankruptcy case, to ensure that it is accurate and honest. As more people are aware of the pros and cons of filing for bankruptcy, the risk of bankruptcy fraud increases, which means that checks and balances are needed to ensure that bankruptcy petitions are accurate. If you’ve… Read more »
7 Reasons Your Bankruptcy Case Will Be Dismissed
In reality, there are very few reasons why your bankruptcy case will be dismissed, because if you and your bankruptcy attorney do everything properly, and in accordance with the rules and laws, you will get the discharge you need. If you decide to file for bankruptcy yourself, then here are the potential issues you need to be… Read more »
10 Bankruptcy Myths
As experienced Minnesota Bankruptcy Attorneys, we hear a lot of misinformation and bankruptcy myths that people believe are true. Here in no particular order are our top 10 bankruptcy myths. 1. You can’t file for bankruptcy if you have a job You can’t file for bankruptcy if you have a job Sounds plausible doesn’t it…. Read more »
5 things you need to do after Bankruptcy
Once your Chapter 7 Bankruptcy or Chapter 13 Bankruptcy has been finalized, and you’re ready to get on with your life, there are still some things you need to do after bankruptcy. Here’s what we suggest. 1. Keep the paperwork You’ll receive a copy of your full bankruptcy petition from your bankruptcy attorney, and a copy… Read more »
Is Chapter 13 Bankruptcy right for you?
If you’ve read up on what Chapter 13 Bankruptcy is, and why Chapter 13 Bankruptcy could work for you, then you might be asking yourself, is Chapter 13 Bankruptcy right for me? Perhaps you are unsure whether you qualify for Chapter 7 Bankruptcy, or whether you can still keep your property. Here’s our quick guide… Read more »
Why Chapter 13 Bankruptcy?
If you’re not sure why Chapter 13 Bankruptcy could be the best option for you, then here’s what you need to know. 1. For those that don’t qualify for Chapter 7 bankruptcy If you don’t qualify for Chapter 7 Bankruptcy because you make too much money, then you will be able to file for Chapter… Read more »
What is the Chapter 13 Hardship Discharge?
For many people, their Chapter 13 Bankruptcy repayment plan is appropriate, affordable and manageable, and means that they are able to pay back their debts. However, for some people, it’s not, and they can’t pay back their debts, which is where the Chapter 13 Hardship Discharge comes in. Here’s what you need to know about… Read more »
What does a Bankruptcy Trustee do?
We talk a lot about the Trustee in a Chapter 7 Bankruptcy or Chapter 13 Bankruptcy case, but what does the Bankruptcy Trustee actually do? 1. Ensures co-operation The Bankruptcy Trustee manages the case, and so the Debtor needs to co-operate with the Trustee, to ensure that the case goes smoothly, and that there are… Read more »
What is the average American Household debt?
So what is the average American household debt? According to Nerdwallet, the average American household owes: $170,000 – mortgage $48,000 – student loans $27,000 – car loan $16,000 – credit card debt (Q4, 2015). Surprised? So were we. The average American household owes more than $250,000 Owing more than a quarter of a million dollars,… Read more »
5 Typical Bankruptcy Clients
We spend a lot of time talking to our clients to get to know them, and learn more about them, so that we can determine how best to help them. Having helped over 40,000 people become debt free in Minnesota, we’ve learnt that typical bankruptcy clients often have a sad story too. Whilst bankruptcy cases… Read more »
