Don’t Delay: When to Start Seeking Help for Debt Issues
Most Americans carry some debt in the forms of student loans, credit card balances, and medical bills. It can be difficult to know precisely when to start seeking help for your debt. Not everyone is a good candidate for bankruptcy. Here are some of the signs that it is time to start seeking help for […]
Chapters 7, 11, and 13?
When people think of bankruptcy, they often think of Chapter 11 bankruptcy since it is often used in fictional stories. However, there are several types of bankruptcy with their benefits, restrictions, and drawbacks. Working with a qualified Minnesota bankruptcy lawyer is recommended if you think you need to file bankruptcy. Still, it can help to […]
What is the Downside of Filing Chapter 7?
The downside of filing Chapter 7 bankruptcy is basically two things – potentially losing non-exempt assets and up to a 10-year negative mark on your credit report. However, obtaining future financial stability by rebuilding your credit and addressing debts directly is terrific, not to mention the peace of mind you can feel without the stress […]
Will My Employer Find Out that I Filed for Bankruptcy?
Let bankruptcy attorney Bill Kain, of Kain+Henehan, answer the question about an employer finding out about bankruptcy. With offices located in St. Cloud and Mendota Heights, Kain + Henehan serves clients across all of Minnesota with personal bankruptcy. Call 612-438-8006 or use our online form to learn more. ” As a general rule, no, not through […]
What is Unsecured Debt?
Bankruptcy focuses on dealing with debts that you cannot pay. There are two primary forms of debt involved in the bankruptcy process: secured and unsecured. Understanding the difference between the two is helpful when considering the type of personal bankruptcy to select. What is Unsecured Debt? Unsecured debt is a type of debt without collateral […]
How Do People Get Into Debt?
According to the Federal Reserve, up to 77% of households in the U.S. have debt, and the amount of debt they have on average is increasing. Getting into debt is often a problem that can take years to get out of, without help. Let’s take a look at why people get into debt and why […]
Serving St. Cloud, MN
Let Bill Kain of the bankruptcy practice of Kain+ Henehan tell you about serving St. Cloud residents and about his hometown of St. Cloud. With offices located here in St. Cloud, Kain + Henehan serves clients across all of Minnesota with personal bankruptcy. Call 612-438-8006 or use our online form to learn more. Bill Kain is […]
What is the Difference Between Chapter 7 and Chapter 13 Bankruptcy
When people talk about bankruptcy, they may think there is single legal process. However, there are several forms of bankruptcy, and which one you need will matter. Chapter 7 and Chapter 13 are the types of bankruptcy that people use while Chapter 11 is used by corporations. Today we will be looking at Chapter 7 […]
Things Your Minnesota Bankruptcy Lawyer Wants You to Know About Chapter 13 Bankruptcy
Sometimes all people know about Chapter 13 bankruptcy is it is a chance to get out from under a ton of debt. While filing bankruptcy is not something that anyone enters into lightly, it is a good option to help you hold onto your property and give you more time to pay off your debts. […]
Understanding Why Bankruptcy is Helpful
Bankruptcy is often seen negatively, but that is not necessarily true. It is a process that is a right in America and can help you get out of debt and gain a fresh start. It will take some adjustments and a bit of sacrifice on your part but getting out from under crippling debt is […]