Discharging a Debt

elderly couple talking about discharging debt

Discharging a Debt

Do you have a debt weighing you down and causing immense stress daily? You are not alone. Dealing with overwhelming debt can be challenging to navigate on your own. Fortunately, Kain + Henehan is here to help.

At Kain + Henehan, we understand how important it is to get rid of debt so that you can move forward in life with financial freedom. We’ve helped thousands of people like you discharge their debts so they can start fresh and move forward with their lives.

Bankruptcy as a Path to Discharge Debt

When discharging a debt, bankruptcy may be an option for some people, depending on their circumstances. Bankruptcy is a legal process that allows individuals to eliminate or reorganize certain types of debts. There are two common types of bankruptcy: Chapter 7 and Chapter 13.

Chapter 7 Bankruptcy vs. Chapter 13 Bankruptcy

Chapter 7 bankruptcy involves the liquidation of non-exempt assets to pay off debt. In contrast, Chapter 13 bankruptcy is the restructuring of debts over a three-to-five-year period with regular payments made throughout this time frame. Both forms require approval from the court before they can be used to discharge debt.

Our Experienced Team

The team at Kain + Henehan is experienced in understanding the complexities associated with both Chapter 7 and Chapter 13 bankruptcies. We’ll work diligently on your behalf to ensure that all creditors are dealt with appropriately according to the law. We will also provide advice and recommended resources on managing your money to prevent future financial struggles from occurring again.

When filing for bankruptcy, several factors must be taken into consideration. Our team of experts will guide you through the process step-by-step, ensuring that all your questions and concerns are answered. We want to ensure the process goes smoothly by providing personalized legal advice and guidance throughout the process.

Schedule a Consultation With a Minnesota Bankruptcy Lawyer

If you’re looking for assistance in discharging a debt, contact Kain + Henehan by calling (612) 438-8006 or completing the online form. Our knowledgeable and experienced team will work hard to ensure that all creditors are taken care of properly and efficiently so that you can rebuild your credit immediately. Let us help you get out from under the burden of debt. Together, we can make sure that your future looks brighter.




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