Filing for Bankruptcy Provides Relief from Debt Collection
Debt collectors have a bad reputation but for good reason. There is a long history of debt collectors using illegal and unethical tactics to recover debts. If you are being harassed by debt collectors, you may be struggling to meet your financial obligations and may need to consider filing for bankruptcy. In Minnesota, the laws […]
Reorganizing Your Finances After Bankruptcy
Bankruptcy can be an effective way of getting a new financial start. However, you will still need to take steps after bankruptcy to keep yourself on track. By reorganizing your finances after bankruptcy, you can take charge of your future and pave the way to a more secure and stable financial life. Make a Plan […]
Where Can I Learn about Chapter 7 Bankruptcy
If you want to learn about Chapter 7 bankruptcy, it’s essential to have access to accurate and reliable information. At Kain + Henehan, we blog about topics that inform and discuss issues in personal bankruptcy. But at the end of the day, sitting down with an experienced bankruptcy attorney like Bill Kain or Margaret Henehan […]
Allina Health Suspends Policy That Denied Care To Patients With Unpaid Medical Bills
It was reported by the Star Tribune, Minnesota’s number one local source for news, that Allina Health has suspended its policy regarding denying services to patients that owe large debts in unpaid medical bills. Allina Health is a nonprofit health system that cares for individuals, families, and communities throughout Minnesota and western Wisconsin. Minnesota bankruptcy […]
What Happens to Your Medical Debt When You Die?
In the United States, the high costs of medical care, even with health insurance offsetting some of the charges, can leave unfortunate individuals and their families mired in medical debt. As sad as it is to discuss, you may wonder what happens to medical debt when you die. Are heirs responsible for paying off the […]
What Does Foreclosure Mean?
When financial hardship and debt become overwhelming, homeowners often find meeting mortgage payments difficult, and the fear of “losing” their home is a real concern. That friendly bank or lender isn’t so accommodating when you fall on hard times. They expect their payment and may threaten foreclosure. So, what is foreclosure, and what does it […]
Higher Interest Rates are Trouble for Credit Card Holders
Interest rates are one of the most critical factors when it comes to financial planning and borrowing. Whether you are buying a home, financing a car, or borrowing through a credit card, interest rates play a significant role. When it comes to credit card debt, higher interest rates can spell trouble for borrowers. Credit card […]
What is Debt-to-Income Ratio?
You may have heard the term “debt to income ratio” and have a vague idea of what it may mean. Lenders use the debt-to-income ratio as a device to evaluate whether you are a good candidate for a loan. So how much debt is too much debt? For the individual, the answer may depend on […]
Is Credit Card Debt Avoidable?
Credit card debt is easy to accumulate if you are not watching out. Credit cards make it incredibly easy to buy what you need when you need it. And also, incredibly easy when you feel an urge to splurge. Whether you have a tire blowout on the road or need to buy airline tickets to […]
New Guidance in Student Loans and Bankruptcy
The burden of student loan debt can be overwhelming for many individuals struggling to pay it off. New guidance in student loans and the use of bankruptcy to relieve that debt were released last November. According to Forbes, “Congress sets a higher bar when it comes to student loan debt. Ultimately, this is part of […]