Do I have to Include all My Debt in Bankruptcy? (video)
You may have questions about how debt is handled in bankruptcy. These are the types of questions that bankruptcy lawyers answer when building your case. In this video, St. Cloud, MN bankruptcy lawyer Margaret Henehan of Kain + Henehan provides answers questions concerning debts when filing bankruptcy. Transcript: When you file bankruptcy, the idea is […]
Decoding Personal Bankruptcy: Chapter 7 vs. Chapter 13 Explained
Most people are seeing significant changes in their financial situations, and it is leading more people to consider personal bankruptcy as a means of getting their heads back above water. Due to overwhelming debts for things like student loans, car payments, and inflated housing prices, bankruptcy may be the best option for many people. Before […]
A Bankruptcy Lawyer Can Be a Lifeline
Life isn’t quite going as you had planned, is it? You never imagined that you would be so far in debt and struggling to make ends meet that you’d consider bankruptcy. You are not alone there. Most people never picture themselves in this situation but end up there because things just didn’t go as planned. […]
Bankruptcy Myths: What Bankruptcy Means
When you hear the word “bankruptcy,” what comes to mind? Your first thought is probably something negative, like someone starting a business that had no chance of success. More likely, you think of someone being irresponsible with their money and losing everything because of it. You’re not the only person who thinks about bankruptcy that […]
What Will Happen To My Bank Account In Bankruptcy (video)
In bankruptcy, your assets are used to help pay debts before they can be discharged and you are free of them for good. While everyone worries about their house and car, most people don’t think about what will happen to their bank accounts during the bankruptcy process. Without your bank account, how can you pay […]
Planning for the Return of Student Loan Payments
Student loan payments are set to resume after they were suspended during the COVID-19 pandemic. For many people, the pause in payments was a big relief when they needed it most. Now that life has mostly returned to normal, people have to start making payments on their student loans again. For some, this could mean […]
Types of Bankruptcy (video)
Let Minnesota Bankruptcy attorney Margaret Henehan tell you about types of bankruptcy in this brief video. Personal Bankruptcy is an option and a right in the United States to address overwhelming debt and the inability to meet their financial obligations. At the Law Firm of Kain+Henehan, we want to make you comfortable from the first […]
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 […]