Exempt Assets Bankruptcy is often caused by a loss of a job, medical bills, or a business failure. Many people fear that filing for bankruptcy could cause them to lose their home and everything that they own. Fortunately, bankruptcy laws allow debtors to keep certain types of assets. These assets are “exempt” and do not… Read more »
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There is Life After Bankruptcy
Life After Bankruptcy Can be a Good Life Just think about the possibility of no more piles of past due notices on your kitchen table. Try to imagine not worrying yourself sick about the constant phone calls with creditors and bill collectors yelling in your ear. Imagine no more sleepless nights worrying about your crippling… Read more »
Do Medical Bills Get Discharged In Bankruptcy?
RELIEF FROM PARALYZING MEDICAL BILLS Many people face hardships which can be financially crippling. It may be a recent illness, injury, or loss of employment. Nearly one in five Americans have delinquent medical debt on their credit reports. In fact, excessive medical bills debt is the leading causes for filing bankruptcy. Although many people have… Read more »
Can I File Bankruptcy Without An Attorney?
SHOULD I USE AN ATTORNEY, PARALEGAL, OR REPRESENT MYSELF? Here are the reasons why you should only use a bankruptcy attorney and what can happen if you don’t… Although Corporations and Partnerships must have an attorney represent them, there is no legal requirement that an individual hire an attorney to represent them in a bankruptcy… Read more »
Three Different Types of Debt
THE DIFFERENT TYPES OF DEBT AND HOW THEY’RE TREATED IN BANKRUPTCY Different types of debts are not treated equally in bankruptcy. Certain debts can be fully discharged when you file bankruptcy while others just can’t be discharged and must be repaid in full. We’ll review here the different types of debt and what to expect… Read more »
Does it Make Sense to File Bankruptcy Before the Holidays?
Reasons To File: You’re struggling with your bills and you’re thinking about hiring an attorney to help you file bankruptcy. Although doing so isn’t a decision that you should take lightly,we believe it may be the ticket to a fresh financial start. With the holidays around the corner, being proactive about managing your finances may… Read more »
What is the Automatic Stay?
Automatic Stay The primary reason for the automatic stay is to bring immediate protection to the person filing bankruptcy (the Debtor). The automatic stay provides the debtor the chance to catch his or her breath, legally speaking. There might be many different reasons a person filed bankruptcy. Perhaps wages were being garnished, a vehicle repossessed,… Read more »
Can Filing Bankruptcy Stop Foreclosure on Your Home?
Filing Chapter 7 to Stop Foreclosure You are facing foreclosure. It’s scary and you need information. Bankruptcy protection falls under Chapters 7 and 13 in the U.S. Code. If you qualify for Chapter 7, you can discharge some or all of your debt load. It also provides for an automatic stay of all legal proceedings,… Read more »
Minnesota Bankruptcy Costs and How to Pay for it
You have been thinking about Bankruptcy. You are a ball of stress, you can’t sleep at night. You can’t pay your bills and you feel like you can’t afford a Minnesota Bankruptcy Lawyer. Here’s what bankruptcy costs — and how to pay for it. How much does it cost to file for bankruptcy? You’ll face… Read more »
Hire a Minneapolis Bankruptcy Attorney
Do you know the meaning of the term “dischargeable debt”? If you’re attempting to file a Chapter 7 bankruptcy on your own, you had better look it up. You’ll also want to find out which debts currently count as dischargeable and whether or not you can list them in a Chapter 7 filing. While you’re… Read more »