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Debt can overwhelm anyone. In the Twin Cities, residents often face credit card balances, medical bills, student loans, and other financial pressures. There are ways that you can work your way out of debt with the help of debt relief lawyers.
At Kain + Henehan, we help clients just like you handle their debts and get a hold on their financial futures. We provide practical legal guidance to help you regain control and explore solutions under Minnesota bankruptcy law. Contact Kain + Henehan by calling (612) 438-8006 or filling out the online form. Our attorneys work directly with you to protect your financial interests and explain each step clearly.
If you struggle with debt, you do not face this alone. Many people in Minneapolis and nearby areas encounter similar challenges. We review your financial situation and explain options available under bankruptcy law. You may qualify for debt settlement or a bankruptcy solution that provides relief and helps you regain financial stability.
Debt can become more complicated when creditors pursue collection, wage garnishment, or foreclosure. A skilled bankruptcy attorney in Hennepin County can explain legal protections and help you address threats effectively. We clarify the differences between Chapter 7 and Chapter 13 bankruptcy and guide you through each process, so you understand your rights and obligations.
Debt can crush your finances, but there are ways to get out of debt with the right help. Take advantage of the debt relief options and services available to you, and you can get out of debt. These are some of the options that are available.
Debt settlement allows you to negotiate reduced balances with creditors. A lawyer can guide negotiations to lower principal, interest, or fees. This option works best for unsecured debts, such as credit cards or medical bills.
Bill Kain and Margaret Henehan have over 60 years of combined bankruptcy experience and have helped hundreds of Minnesotans get back on their feet after getting weighed down by debt.
At Kain + Henehan, we love people. We never view your story as a source of shame or embarrassment. We truly care about our clients and want to help them live their best lives.
Bill and Margaret are respected among their peers and colleagues. Their positive relationships within the bankruptcy court system leads to positive outcomes for their clients.
Debt reduction, including settlement or credit counseling, may work if you can make consistent payments on a reduced balance. This approach may prevent the need for bankruptcy and help preserve credit scores.
Some situations require more than debt reduction. If debt has become unmanageable, wage garnishment or foreclosure threatens your stability, or income cannot cover obligations, bankruptcy may offer a stronger solution. A bankruptcy attorney in the Twin Cities evaluates your circumstances and provides guidance on whether debt reduction or bankruptcy best suits your needs.
Getting deep into debt is more common than you might think. There are certain types of debt that most people have, and it is getting easier to find yourself underwater. Fortunately, there are ways to get out of debt that work for these common debt types.
Secured debt ties to an asset, such as a mortgage or auto loan. Unsecured debt does not. Credit cards, medical bills, and student loans fall into the unsecured category. Bankruptcy treats secured and unsecured debts differently, and understanding this distinction helps plan your options.
Chapter 7 bankruptcy may require surrendering secured property if you cannot continue making payments. Unsecured debts often discharge in Chapter 7, providing relief from overwhelming financial obligations.
Medical and student debt can accumulate quickly. Medical bills often arrive without warning, while student loans can burden graduates for years. Seeking legal guidance ensures you explore all available options.
Student loans rarely discharge in bankruptcy unless a court confirms undue hardship. A Minnesota bankruptcy attorney evaluates eligibility and may suggest income-driven repayment or deferment programs. Chapter 7 bankruptcy may eliminate medical debt, reducing financial pressure and helping you recover control over your finances.
Every method of getting out of debt relies on a few key processes. Putting the right legal tools and bankruptcy alternatives to use can be an effective way of helping you manage debt and avoid bankruptcy.
A realistic payment plan provides structure to manage debt. One of the first things that a lawyer will do is try to figure out a payment plan using your current income and resources. Whether it is through a creative reworking of your finances or by renegotiating as much of your debt as possible, a lawyer can help you find a way to pay your way out of debt over time. Surprisingly, many creditors are willing to work with you on payment plans since it helps them recover their money without expensive legal procedures.
Unfortunately, there are situations in life where you will acquire debt that you didn’t plan for. Medical bills, emergencies, car repairs, and other unexpected events can put you deep into debt. Here are a few of the problems that can trigger a need for debt relief.
Foreclosure can place homeowners at immediate risk. Minnesota foreclosure timelines move quickly, leaving families vulnerable. Legal intervention with the help of a lawyer can prevent foreclosure and provide a level of asset protection. Bankruptcy, for example, stops creditors from ceasing assets while you get a chance to handle your debts.
Divorce creates financial problems as you divide your assets, debts, and obligations. Shared debt, for example, may be assigned to one party or may remain legally binding for both parties. Creditors may pursue repayment from either party, creating ongoing financial challenges.
A lawyer helps address debt division during or after divorce. We explain how to negotiate with creditors, file individually for bankruptcy, or pursue legal remedies against a former spouse who fails to honor financial obligations. Proactive legal planning reduces the risk of post-divorce financial hardship.
Selecting a debt relief attorney in the Twin Cities affects the results of your case. Look for a firm with a track record in Minnesota bankruptcy law and local court experience. Check credentials and client reviews to ensure reliability. The attorney should explain your options clearly, answer questions, and provide advice tailored to your situation.
What types of debt can a Twin Cities debt relief lawyer help with?
We assist with credit card debt, medical bills, student loans, personal loans, business debt, and mortgage-related foreclosure issues. Both secured and unsecured debts fall under our guidance, and we recommend the most practical legal strategies based on your circumstances.
Is debt settlement better than bankruptcy?
The answer depends on your financial situation. Settlement may suit clients who can pay part of their debt and want to avoid bankruptcy. Bankruptcy may provide stronger relief if debt is overwhelming, garnishments occur, or creditors refuse to negotiate.
How do payment plans work for unsecured debt?
Payment plans allow you to structure repayment with a creditor agreement. We help you develop a budget, assess payment ability, and negotiate terms that reduce amounts owed, lower interest, or extend schedules. Payment plans provide an alternative to filing for bankruptcy in some cases.
Can debt relief lawyers help with business-related debt?
Yes. Whether you own a business or operate as a sole proprietor, attorneys evaluate financial positions and explore debt settlement, reorganization, or business bankruptcy options. Legal guidance clarifies how business debt affects personal finances.
If debt threatens your financial stability, professional legal guidance can make a difference. Contact Kain + Henehan by calling (612) 438-8006 or filling out the online form. Our attorneys assess your situation, explain available options, and help you create a plan to regain financial control.
Outstanding, absolutely outstanding. . . My only regret is that I did not pursue representation for my case sooner. I cannot speak highly enough of this firm and their services.
Outstanding, absolutely outstanding. . . My only regret is that I did not pursue representation for my case sooner. I cannot speak highly enough of this firm and their services.
Outstanding, absolutely outstanding. . . My only regret is that I did not pursue representation for my case sooner. I cannot speak highly enough of this firm and their services.