Are you struggling with repaying your student loans? Have you seriously considered filing for bankruptcy? Here are some things you need to know about filing for bankruptcy when faced with student loan debt. What You Need to Prove In general, most people will not be able to discharge their student loans when filing bankruptcy. In… Read more »
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How To Avoid Bankruptcy
Filing for bankruptcy is serious business. It impacts your credit for years. And many job applications ask the question, have you ever filed for bankruptcy? It is in your best interest to avoid having to answer yes to this question for the rest of your life. While bankruptcy may be the only resort for some,… Read more »
4 Tips for Choosing a Minnesota Bankruptcy Lawyer
If you’re considering filing for bankruptcy, you need to choose your lawyer carefully. Who represents you will make a big difference in your results. Choosing the wrong lawyer can lead to serious complications down the road. Here are four things to look for when choosing a bankruptcy lawyer. Experience and Accreditations Make sure you choose… Read more »
Legal Debt Collection Practices: Then….And Now.
Debt Collector Tactics Through The Ages Although Shakespeare warned against it, there have always been borrowers. And lenders. But what follows if the debt isn’t satisfied? What steps have creditors responded with? Debtors Prison Historically, unpaid debts of any kind could land a person in prison. However, notwithstanding cases like the one in this article where… Read more »
Use Debt Validation When Dealing With Debt Collector Harassment
When contacted by a debt collection agency, it’s a good idea to verify the debt before paying up. Here’s some advice from one Better Business Bureau about debt validation. Under the Fair Debt Collection Practices Act, consumers are entitled to debt validation. Within 30 days of receiving a notice from a collection agency, you can… Read more »
Should You File for Bankruptcy or Divorce First?
It is extremely common that when it comes time to file for bankruptcy, there is also a divorce looming on the horizon. Money is a huge factor in the dissolution of many marriages, but even if the divorce is not amicable, there is no denying that both halves of a couple want a fair shake… Read more »
Gordmans Retail Store: Local Minnesota Bankruptcy Happenings
Residents of Minneapolis may be wondering about the recent closure of Gordmans retail store in nearby Burnsville Center. After a three week shut down, it was business as usual for the struggling retailer which re-opened its doors on June 29, 2017. This comes as good news for local employees of Gordmans. Due to financial struggles the retailer… Read more »
Stopping Harassing Collection Phone Calls
Those Awful Debt Collection Phone Calls Debt collection companies have few limits. They call in the morning or evening. They bother you at work, and insist on immediate payments. You try to reason with them and end the call, but you’re shifted to another person who promises to be your best friend and work with… Read more »
Debt Collector Harassment: How to face “junk debt” collectors
During an era in which many hard-working Minnesotans are struggling under the burden of debt, an industry sometimes referred to as “junk debt” collection has flourished. When an established creditor (e.g. a major credit card company) decides that a debtor will likely fail to pay back their debt, they often sell that debt in a portfolio… Read more »
How Much Does it Cost to File Chapter 7 Bankruptcy in Minnesota?
Nothing in life is free, not even bankruptcy, the process that helps you deal with the debts from too many “not free” life things. Typically what you run into is not so much a price on Chapter 7 bankruptcy, but rather a series of fees that you encounter. The first of the fees is the… Read more »