Minnesota Law Protects Homes From Most Debts Minnesota began as a frontier state and has a long tradition of protecting the property of Minnesotans from Debt Collections. The Minnesota Constitution says: Sec. 12. property exemption. No person shall be imprisoned for debt in this state, but this shall not prevent the legislature from providing for… 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 »
Andrew Walker Wins a Court Victory Allowing Minnesota Homeowners To Keep the Money From Selling Their Homesteads
Bankruptcy Attorney Andrew Walker won a court victory in July, 2018 with the In Re Thomas, 17-43661 MER case, regarding the “Snapshot Rule”. This case, decided by the Bankruptcy Court for the District of Minnesota formally adopted the “Snapshot Rule” for how the proceeds from selling a house are treated in a Chapter 7 Bankruptcy… Read more »
Why Homeowners With Bad Debt Should Use Bankruptcy to Avoid Home Equity Loans
Minnesota homeowners with bad debt should use bankruptcy to avoid home equity loans. As Minnesota bankruptcy attorneys, we’re bound to say that though, aren’t we? But here’s why. MINNESOTA LAWS ARE VERY FAVORABLE TO HOMEOWNERS In Minnesota, it is almost impossible for a debt that isn’t a mortgage to take your home. The Minnesota Homestead… Read more »