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Contact Us At : 507-550-1519
Individuals who decide to declare chapter 7 bankruptcy likely have many questions, including those related to means testing. The United States Department of Justice notes that means testing for Chapter 7 differs from that of Chapter 13, as not all forms apply to all...
Individuals with steady income and property may file for a Chapter 13 bankruptcy. As noted by the Minnesota Attorney General's website, Chapter 13 allows you to reorganize debts and enter into an arrangement to repay some of your unsecured creditors. Individuals who...
Pro Se bankruptcy is when you file your case without the assistance of an attorney. You have the legal right to file pro se. The US Courts explain that filing Pro Se is not something the court recommends because it opens your case up to errors and issues....
Severe drought and unprecedented weather conditions may cause family farmers to experience financial hardships. While some farmers decide to sell the family business and retire, others may find that bankruptcy provides the needed relief to continue operating. As noted...
With the high cost of homes, cars and everyday items nowadays, it is not unusual for Americans to use credit cards or personal lines of credit. If you rely too heavily on credit, though, you may be unable to make monthly minimum payments. Your credit score may also...
With the prices of houses, cars and some consumer goods skyrocketing, many Minnesotans are looking to finance major purchases. While many factors affect a bank's decision to loan money, your debt-to-income ratio may be too high to qualify for a loan or line of credit....
As someone currently struggling with debt, you have likely heard horror stories about debt collectors. Tales of the harassing behaviors they engage in are well known. But did you know that misrepresentation is another big issue? What is debt collector...
When suffering from debt, you already have enough hardship to deal with. You do not need the extra stress of debt collectors harassing you day in and out. While laws like the Fair Debt Collection Practices Act (FDCPA) theoretically halt this behavior, the laws do not...
Minnesota allows individuals who file for bankruptcy to keep certain assets. Retaining these assets, known as exemptions, allows you to rebuild your finances after a bankruptcy. If you have been struggling with debt you cannot afford to pay, review the rules...
There are many myths that surround bankruptcy. For instance, many Americans worry that they will automatically lose their home if they file bankruptcy. While it is possible to lose one’s home to bankruptcy, it is not common. According to FindLaw, whether or not your...