The two most common types of bankruptcy filings are Chapter 7 and Chapter 13. Qualifying for Chapter 13 bankruptcy requires certain factors apply before the individual can file. First and foremost, business—even sole proprietorships—cannot file for Chapter 13 in the business’ name. However, if an individual who does own a business wants to file for Chapter 13… Read more »
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How To Buy A Car During Chapter 13 Bankruptcy In Minnesota
Let’s be frank — financing a car while in the midst of a Chapter 13 bankruptcy arrangement is a challenge with some added hoops to jump through. It is far from impossible, however. You’ll need to look for the right lender, and you’ll need to be prepared for higher interest and potentially a higher down… Read more »
Avoid creditor harassment with anonymous call rejection
Creditor harassment has become a growing problem in our society today. You can get calls at all times of the day or night. Often, these callers call back non-stop, leave rude and threatening messages and sometimes even use obscenities. No one should have to live like this… If you are like me you do not… Read more »
Top 3 Things To Ask A Bankruptcy Attorney
When you show up for your initial consultation with a bankruptcy attorney you need to be ready to answer some questions about your financial situation and what you are hoping to achieve. You also need to be ready with some questions for the attorney. After all, you will be placing an important part of your… Read more »
Debts Not Covered by Chapter 7 Bankruptcy: An Overview
Whereas Chapter 7 bankruptcy is seen as a way of ridding oneself of excessive debt, there are several debts not covered by Chapter 7 bankruptcy. The U.S. Bankruptcy Code (U.S.C. Title 11) lists 19 types of non-dischargeable debts based upon the nature and procurement of the debt. In most cases, these debts are outright non-dischargeable. Consequently,… Read more »
Bankruptcy Benefits: Stopping Creditor Harassment
We are willing to bet that you heard the following from multiple adults while growing up: “If you don’t have anything nice to say, don’t say anything at all.” Whether it came from your parents, your teacher, your minister, or a friend, it’s good advice. Unfortunately, that advice is not being taken to heart by… Read more »
How To Get A Truly Free Credit Report For Use In Your Bankruptcy
The Fair and Accurate Credit Transactions Act of 2003 (FACTA) is a federal law that requires credit bureaus to provide you with one free copy of your credit report every 12 months. There are three major credit bureaus that keep a file on you (Equifax, Experian and Transunion), and they are each required to provide… Read more »
Will Filing for Bankruptcy Harm Your Credit?
Nobody wants to file for bankruptcy, and it’s usually a last resort for those who do. The number one question those considering bankruptcy ask is typically, “Is filing for bankruptcy bad for my credit?” What they’re worried about is the future, of course, since most people need to borrow money for things like a new… Read more »
Student Loans and Bankruptcy: How do I know if I’ll qualify?
Student loans are a large burden that many young Americans take on just out of high school. They do not always realize the magnitude of this debt or how many years it will take to pay it off until they find themselves in financial hardship following graduation. If you feel that your student loans are… Read more »
Reasons To Consult A Minnesota Bankruptcy Lawyer
Bankruptcies are most often the result of unexpected and catastrophic expenses, such as medical bills or a sudden job loss. As such, a bankruptcy isn’t usually something that is planned out well in advance. People who find themselves in need of the financial relief that bankruptcy provides are under a tight time limit, have no… Read more »