In Minnesota Chapter 7 bankruptcy is sometimes referred to as the “clean slate” or “fresh start” bankruptcy because most unsecured debt (such as medical bills, credit card debt and utility bills) is eliminated in this type of bankruptcy.
There are exceptions to the types of debt that can be eliminated in this bankruptcy.
What cannot be discharged in a Chapter 7 Bankruptcy?
- Student loans
- Child support
- Credit card debt incurred in the 90 days prior to filing bankruptcy
Are all exempt from a Chapter 7 bankruptcy discharge.
How will Chapter 7 Bankruptcy Take?
Generally, it will take between four and six months to complete a Chapter 7 bankruptcy in Minnesota.
An experienced Minnesota bankruptcy lawyer will ensure all the steps of your bankruptcy filing are completed accurately and in a timely fashion.
This means your bankruptcy is more likely to be discharged sooner with the advice and council of a Minnesota bankruptcy attorney.
Now you know more about Chapter 7 Bankruptcy, why not contact us at 612.824.4357