Monthly Archives:: October 2016

Bankruptcy Exemptions: What You Can Keep

Bankruptcy is a stressful process. One of the biggest questions people ask when contemplating filing is, “What do I get to keep if I file bankruptcy?” Many items and financial sources are exempt from bankruptcy which gives potential filers some peace of mind during a difficult time. Homestead Minnesota’s homestead exemption protects home and land… Read more »

Chapter 13 Bankruptcy 341 Meeting: An Overview

A Chapter 13 bankruptcy 341 meeting is a meeting of creditors during a Chapter 13 bankruptcy. This hearing enables the trustee and creditors to ask the filer about his/her ability to adhere to the proposed payment plan and about assets and other financial issues. Prior to the actual 341 meeting, the appointed trustee will review all filed… Read more »

Does A Corporation Or LLC Protect Me From Creditors?

If you own a business, it’s nearly always best to incorporate or form a LLC. This gives you the ability to separate your personal finances from your business, protecting you from ruin if your business encounters some sort of catastrophic debt. It’s important to understand the rules and limitations of these arrangements, however, as they… Read more »