How Can I Deal With Back Taxes During Bankruptcy? (Video)
Filing for bankruptcy can be a stressful process, especially when you have back taxes weighing you down. However, there’s a silver lining: as bankruptcy attorney Bill Kain explains, certain income tax obligations may be discharged in bankruptcy, whether you go with Chapter 7 or Chapter 13. The prospect of getting rid of some tax debt […]
Debt Discharge 101: What You Need to Know Before Filing in Mendota Heights, MN
When you file for bankruptcy, one of the things that will happen is that your debt will be discharged. That means that you no longer owe a part or all of your debt since the court stepped in on your behalf. While this is a good thing, debt discharge can be a tricky part of […]
Will the Bankruptcy Trustee Send Someone to My Home? (Video)
When individuals file for Chapter 7 bankruptcy, one of the main concerns is whether the bankruptcy trustee will send someone to their home to inspect their assets. Understanding the role of the bankruptcy trustee and the importance of honesty and transparency in listing assets can alleviate these concerns. In a recent discussion with attorney Bill […]
Debt Relief: Insights From a Chapter 13 Bankruptcy Lawyer
Bankruptcy is the final option in fixing your finances, and for good reason. If everything else has failed, bankruptcy still allows you to get everything back under control. Some hard decisions may need to be made, but you’ll see financial relief by the end so that you can start your life again without crippling debt. […]
Navigating Car Repossession Laws With a Minnesota Bankruptcy Lawyer
One of the first concerns that people have when facing financial trouble is having their vehicle repossessed. In Minnesota, it is legal for a creditor to repossess a car if payments are consistently late or not being made at all. Since our modern lives revolve around having a vehicle, having yours repoed is more than […]
How Chapter 13 Bankruptcy Can Safeguard Your Business in Minnesota
If you have a business and file a personal Chapter 13 bankruptcy, your company may be affected, but not in the way that you might think. Depending on the structure of your business, your business may not count as an asset that you have to sell to pay your personal debts. This area of bankruptcy […]
Stop Car Repossession with Bankruptcy in Saint Cloud
We all know the embarrassment, frustration, and helpless feeling when someone’s car is repossessed. Even though most people haven’t been through it themselves, it’s easy to imagine precisely how it would feel. It’s something that everyone worries about when they struggle to keep their heads above water. After all, car repossession estimates reached nearly 1.5 […]
Foreclosure Prevention Strategies from a Saint Cloud Bankruptcy Attorney
No one wants to be foreclosed on, but the state of the economy in the last two decades made it more likely for people to be forced into foreclosure. Fox Business reported that foreclosures are on the rise again. However, there are things that you can do to stop it from happening to you. Try […]
Understanding Chapter 7 Bankruptcy in Minnesota
Despite your best efforts, you are in debt over your head and don’t see a way out. It is time to file for bankruptcy. This is your chance for a fresh start at getting your finances in order, and you may be able to keep many of your assets. You won’t be starting over with […]
Who Will Find Out if I File for Bankruptcy? (video)
One concern that people often have about filing for bankruptcy is regarding the privacy of their financial situation. In a video featuring Margaret Henehan, learn more about who will have access to the information of a bankruptcy filing. Transcript: ” Yeah, so I usually tell clients it’s really only people that are going to run […]