Earlier this week, the governor’s orders preventing wage garnishments and bank levies started to expire. There are still some limitations in place, but as far as creditors are concerned, they can start taking your money NOW! Garnishments are awful. No one wants to wake up one day to find their bank accounts empty or be… Read more »
$1400 Stimulus Is Protected In Bankruptcy, But Only If you File
THE $1400 STIMULUS CHECKS ARE PROTECTED IN BANKRUPTCY $1400 stimulus check are starting to arrive in peoples’ bank accounts, but is it protected in Bankruptcy? YES, The March 2021 checks are protected in bankruptcy. There is a special piece of the law that gave the $600 checks to everyone that also protects the $1400. This… Read more »
I Owe Minnesota Unemployment Compensation For an Overpayment. Can Bankruptcy Help?
Sometimes an unemployment overpayment will go away in bankruptcy, but usually it survives. Whether it goes away or not depends on whether the overpayment . Chapter 13 Bankruptcy will also stop garnishment for unemployment for up to 5 even if the overpayment doesn’t get discharged in the bankruptcy. This is because bankruptcy gives you an… Read more »
Are PPP Loans & EIDL Loans Dischargeable in Bankruptcy?
Can I Discharge PPP & EIDL Loans During Bankruptcy? As the Covid-19 pandemic surged across communities in the U.S. many businesses were forced to shut their doors or drastically restrict their services. The federal government provided aid to many businesses in the form of two loan options through the Payment Protection Program (PPP) Loan &… Read more »
Coronavirus May Affect Your Bankruptcy Case – for the Better
Minnesota Bankruptcy Lawyers Walker & Walker Can Help Your Case The COVID-19 coronavirus has disrupted economies and lives all over the world. Small businesses and individuals with non-stable jobs have been hit particularly hard. As a result, people and businesses who might never have considered bankruptcy before may find themselves – at very least –… Read more »
Coronavirus Stimulus Bill Provisions Make Bankruptcy Work A Little Better
Trust The Bankruptcy Attorneys at Walker & Walker Minnesota consumers considering filing for bankruptcy had enough on their minds before the onset of the COVID-19 pandemic. Many who never imagined considering bankruptcy may now have little choice. Misery, as they say, loves company. Nevertheless — and in either case — the best way to handle… Read more »
Unemployment Due to Coronavirus and Chapter 7 Bankruptcy Filings
Bankruptcy Attorneys in Minneapolis, St. Paul, Brooklyn Park & Blaine Many Americans are facing financial difficulties which could not have been predicted and bankruptcies are expected to increase. Who would had anticipated the mass closings we are facing in order to protect our health, and the very lives of those with respiratory difficulties or compromised… Read more »
$1,200 Covid-19 Stimulus Checks Protected under Bankruptcy Law in Minnesota
Protecting Your $1,200 Stimulus Checks The Covid-19 pandemic has almost brought the world to a stand-still. People are staying home in a bid to stay safe and comply with orders. Many businesses have closed shop. Here in Minnesota, many employees have been laid off or downscaled, and most people are not guaranteed regular income. President… Read more »
How Coronavirus is Affecting Bankruptcy in Minnesota
The coronavirus is resulting in serious financial consequences for some Minnesotans. Many non-essential workers have been laid off or are now working reduced hours. Schools are closed, leaving parents scrambling for childcare. Bills are piling up while people wait for their unemployment benefits and stimulus checks. It is a stressful time for many people. We… 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 »
