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Minneapolis Housing Market Seeing stability

Foreclosure, short sale, and bankruptcy are all words that many people became familiar with as foreclosure rates took a sharp turn just five years ago. The housing market went bust, the economy went down the drain, and many individuals were being pushed out of their homes because of job loss, ballooning mortgage payments, and so… Read more »

Minnesota Bankruptcy Court Rules IRA Annuity Protected from Creditors

In November, the Bankruptcy Appellate Court for the Eighth Circuit stood by an earlier decision by the Minnesota Bankruptcy court that an individual retirement annuity that is funded with a single premium had not lost its tax-qualified status. This means that it is an asset that is exempt when a debtor files bankruptcy. The Bankruptcy… Read more »