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Filing for bankruptcy can feel intimidating, but Chapter 13 offers a path to stability. In the Twin Cities, this type of bankruptcy allows you to repay debt over time while keeping important assets. We guide you through the process, protect your rights, and ensure your repayment plan works within Minnesota law.
Chapter 13 bankruptcy, often called a wage earner’s plan, is designed for individuals with steady income. Unlike Chapter 7, which focuses on liquidation, Chapter 13:
Minnesota’s bankruptcy courts oversee every case, ensuring both debtors and creditors follow the plan. For people in Minneapolis and across the Twin Cities, Chapter 13 can provide a structured way forward without losing property.
Before filing, you must meet certain requirements and submit a repayment plan to the court. The plan must:
We help you prepare the documents and explain how debts are categorized under Minnesota law. With our guidance, your plan meets legal standards while reflecting your financial capacity.
The repayment plan is central to Chapter 13. Key points include:
We structure your plan so it satisfies the court, creditors, and your financial needs.
When building your repayment plan, you must consider every financial obligation. A sound plan should:
We work with you to create a plan the court will approve, while ensuring the terms give you a clear path to recovery.
Creditors have the right to review and object to your repayment plan. They may raise concerns if they believe the proposal is unfair or unworkable. The court makes the final ruling. Our role is to minimize disputes and move your case forward.
Chapter 13 addresses both secured and unsecured debts:
We evaluate your full financial picture, prioritize secured debts, and help you create a repayment strategy that covers obligations in the order required by law.
Secured debts require careful handling because they involve key assets. We help you:
Our goal is to keep you in your home, keep your vehicle, and ensure your plan meets Minnesota’s legal requirements.
Unsecured debts receive lower priority in Chapter 13. Repayment often depends on your disposable income. In some cases, the court may discharge a portion of these debts once your plan is complete. We explain how unsecured obligations are treated in Minnesota and structure your plan to reduce your burden while still meeting court standards.
Outstanding, absolutely outstanding. . . My only regret is that I did not pursue representation for my case sooner. I cannot speak highly enough of this firm and their services.
Outstanding, absolutely outstanding. . . My only regret is that I did not pursue representation for my case sooner. I cannot speak highly enough of this firm and their services.
Outstanding, absolutely outstanding. . . My only regret is that I did not pursue representation for my case sooner. I cannot speak highly enough of this firm and their services.
Chapter 13 offers legal protections that stop creditors from pursuing you once the court approves your plan. These protections include:
We enforce these rights and make sure creditors comply with the law.
Federal law requires credit counseling before you file and financial education after you file. These steps provide tools to manage your money and avoid future debt issues. We:
If you face overwhelming debt in Minnesota, we can guide you through the Chapter 13 process. Our attorneys in the Twin Cities provide the legal knowledge and support you need from start to finish. We handle the details, protect your rights, and design a plan that allows you to move forward with confidence. Contact Kain + Henehan by calling (612) 438-8006 or filling out the online form to discuss your case during a free consultation.