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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
Minnesota Bankruptcy Attorneys
Having the right bankruptcy attorney in Minnesota representing you makes a big difference in the outcome of your bankruptcy. Minnesota bankruptcy attorneys have an array of different levels of experience and approaches as to how they handle a bankruptcy. Because of this, it’s important that you review the experience, skills, credentials, and personality of the […]
Will I Lose My Car in a Bankruptcy?
Bankruptcy can be a complicated process, and there are many different kinds of bankruptcy. Each type of bankruptcy will have different effects on your financial situation and how you move forward with your life. For some people, filing for bankruptcy might be the best way to get back on track financially and get a fresh […]
Don’t File Without a Lawyer
Bankruptcy is a powerful tool for individuals and businesses facing overwhelming debt. It gives them a chance for a fresh start by eliminating certain debts that they cannot pay. Before you think filing for bankruptcy is easy and can be done without an attorney, consider this. The U.S. government advises filers to work with a […]