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 You Discharge Tax Debt in Bankruptcy?
Many Bankruptcy clients struggle with tax debt. Here are some things to think about: Get Your Tax Transcripts To diagnose and fix your tax debt problems, you’ll need to get account transcripts. Make a request to the IRS for each year you owe a balance. They show when your tax was due and when the… Read more »
Who Can Have Your Wages Garnished in Minnesota?
Garnishment Owing debt isn’t fun, but it’s something that happens to almost everyone. It’s all too easy for a single setback or a bad year to turn into a big pile of debt. The vast majority of people in debt today have every intention of fulfilling their debt responsibilities. They just aren’t in a good… Read more »
How Chapter 13 Bankruptcy can Help you Avoid Foreclosure
Facing Foreclosure? With the housing slump more and more people are finding themselves facing foreclosure. Once that notice has been received, it can be easy to panic. Some lenders may work with you to modify the loan or short sale your home so at least you are out from under the debt. The unfortunate truth… Read more »
Avoiding Bankruptcy By Getting Out of Debt
Surmounting debt is often a problem believed to belong solely to older people. Perhaps they’ve had a credit card for years and gotten in over their heads, they’ve piled up a couple of mortgages, auto loans or personal loans, or perhaps they’ve had a business venture go south and have yet to recover. While those… Read more »
How Much Does Chapter 13 Bankruptcy Cost in Minnesota?
It is often the first thing people ask their prospective lawyers when they are filing for bankruptcy – how much does it cost? There’s a good reason behind it too, if you are filing for bankrupcy, it is certainly not because you are flush with cash. Luckily, compared to the debts that pushed your towards… Read more »
Do Both Husband and Wife Have to File Bankruptcy in Minnesota?
Do both husband and wife have to file bankruptcy in Minnesota? In life, accidents happen and debts can accrue but that doesn’t mean that both husband and wife need to file bankruptcy together. However, when it gets to be too much, bankruptcy can be an option to escape an otherwise hopeless financial situation that life… Read more »
Do Not Be Embarrassed About Filing For Bankruptcy
If you have been struggling financially, do not let the year end without talking to someone who has Bankruptcy experience to help you. This is going to be your decision. Do not worry about what people on the outside are telling you; if you feel this is right, you should not be embarrassed about it…. Read more »