Contact Us At : 507-550-1519
Contact Us At : 507-550-1519
A Chapter 7 bankruptcy can be a workable solution for a person going through financial hardship. The process allows an individual to discharge debts that they cannot realistically repay and get a way to start over. However, the law protects some individuals and...
If you have found yourself reaching for your credit cards more frequently, you certainly are in good company. In fact, according to Bankrate, the average American now has more than $5,000 in credit card debt. Still, it makes sense to keep close tabs on your credit...
If you have overwhelming debt, you may be struggling with impossible monthly bills as well as harassing phone calls from collection agencies. However, when you file for bankruptcy, the court automatically issues a “stay.” This automatic stay temporarily prevents...
If you have decided to petition for Chapter 7 or 13 bankruptcy protection, the so-called 341 meeting will be the first step on your journey to a better financial future. What is the purpose of the 341 meeting and what can you expect to happen? A little background The...
Like many Americans, you may consider bankruptcy an absolute last-resort option, even if you are facing overwhelming debt. Worried about losing your house, your vehicle and other property that you value personally, you may wonder if a debt relief company might be the...
When Congress altered the bankruptcy laws in the early 2000s, it changed eligibility to file for Chapter 7. Now, you must undergo a means test to ensure you meet income limitations for filing. If you fail the means test, you will not be able to file Chapter 7. The...
A bankruptcy may clear your debts and give you a clean slate, but in doing so, it also puts a black mark on your credit. Your credit score will take a hit. Your next step after the bankruptcy discharge is to begin rebuilding your credit. Boosting your credit score can...
When creditors start breathing down your neck in an effort to collect your outstanding debts, you may feel understandable anxiety and irritation. Many people in Minnesota face similar circumstances, and if you have been dodging creditor communications because you do...
Many people in Minnesota struggle to stay atop of their finances, and if you are among them, you may be looking for a way to help dig yourself out of debt. Depending on the specifics of your situation, it may serve you well to think about whether filing for bankruptcy...
Your vehicle’s equity value may determine whether you may keep it after filing for bankruptcy. Minnesota’s statutes protect cars with an equity value of less than $5,000. As described by Experian.com, you could calculate your car’s equity. Start by finding its current...