Welcome To The MN Bankruptcy Blog

Inside you will find over 500 helpful articles discussing the Chapter 7 & 13 Bankruptcy Process and other solutions for difficult financial situations.

 
You can search for specific topics or just click around. If you can't find what you're looking for here or in our FAQs please Send Us A Message
 

Can I File a Bankruptcy in Maple Grove MN If I Only Recently Moved Here?

Posted by Jesse Horoshak on June 30

People move from state to state for several different reasons—taking a new job opportunity, attending school, following a loved one, or getting a fresh start are just a few—and when they move, they might leave behind family, friends, or belongings, but one thing that does not stay behind is their debt. Because this is true, it is very common for people who have just moved to a new place to inquire about their ability to file a bankruptcy to get a fresh start.

Read More

Will I Have to Go to Court After I File for Bankruptcy in Minnesota?

Posted by Tim Tonga on June 30

The prospect of having to file for bankruptcy can be daunting and intimidating, especially for someone who has never filed for bankruptcy, or maybe, has never even been in court before.

Most bankruptcy cases are very routine and are relatively simplistic in terms of the process. Often, the most challenging part of the process is preparing the initial petition and accompanying court paperwork to be filed with the court. For this reason, it is always advisable to consult with an experienced bankruptcy attorney before filing for bankruptcy.

Read More

What Chapter 13 Payments Will I Owe in Minnesota?

Posted by Col Ovik on June 28

When filing a Chapter 13 bankruptcy the number one question by potential clients is: what will be my monthly payment? There are many factors that are considered when determining a chapter 13 payment:

  • income,
  • necessary expenses,
  • non-exempt assets,
  • repayments to creditors in the 90 days prior to filing,
  • and repayments to friends and family members.
Read More

What are the Timing Requirements for Filing Bankruptcy After a Prior Filing in Minnesota?

Posted by Amanda Scharber on June 26

When you have filed and received a discharge in a prior chapter 7 or chapter 13, timing matters if you want to receive a discharge in a new case.

Read More

What Are Non-Exempt Assets in Bankruptcy in Minnesota?

Posted by Amanda Scharber on June 25

In bankruptcy there are certain exemptions you can choose from. These exemptions are what protect your assets from liquidation and asset seizure.

Read More

Can I File Bankruptcy on Only One Creditor in Minnesota?

Posted by Col Ovik on June 24

Occasionally clients will tell me that they would only like to file bankruptcy on one or just a few of their creditors. While this is not entirely possible, there are some similar options.

Read More
Learn What To Expect From Your Free Bankruptcy Consultation

Chapter 13 Bankruptcy Plan Payments in Minnesota

Posted by Jesse Horoshak on June 23

Commonly, our Chapter 13 Bankruptcy clients are concerned about what their payments will be and for how long will they have to make them. Although we understand that it is frustrating that we cannot immediately provide a nice, short answer, the truth is that plan payments and the length of the plan vary from bankruptcy to bankruptcy, and it is a process to get to the proposed amount.

Read More

Minnesota's Largest Bankruptcy Law Firm Has a New Name

Posted by Wesley Scott on June 22

We wanted to create a name that was congruent with who we are. We wanted to create a name that answered what do we do and have it more relevant to our marketing ethos in Minnesota. So we kicked back and brain stormed different names. We were going from Kain & Scott, P.A. to what name would fit us the best? After muddling our way through close to 500 names, we chose LifeBack Law Firm, P.A.!

Read More

What Does Bankruptcy Do to My Credit in Minnesota?

Posted by Wesley Scott on June 21

A lot of people who suffer with debt want to know how does bankruptcy affect my credit? There are all kinds of misconceptions about bankruptcy in the marketplace. I have had some people tell me they didn’t think they could get any credit after they filed a bankruptcy.

This is not true at all. Over the many decades, LifeBack Law Firm has helped literally tens of thousands of Minnesotans get their lives back and most of them go on to obtain credit. Most go on to purchase homes and vehicles and all sorts of other items.

Read More
Download our Free Debt Solutions Comparison Chart

How Chapter 7 Can Protect You From Your Creditors

Posted by Margaret Henehan on June 18

Chapter 7 bankruptcy, also commonly referred to as the “fresh start” bankruptcy, is one of the most commonly filed bankruptcies in Minnesota for several good reasons. Not only immediately after you file a Chapter 7 are you protected from any creditors, but creditors are not allowed to repossess or foreclose on any property while you are in a Chapter 7.

Read More

Why Am I Asked About Receiving Any Inheritance During Bankruptcy?

Posted by Col Ovik on June 17

During your bankruptcy you will be asked about the likelihood that you may inherit any property or money. Your attorney will likely ask you this question and the trustee will also let you know if you do inherit any funds during the bankruptcy you need to let the trustee’s office know. Why? Because the bankruptcy estate will have an interest in the inherited property.

Read More

How to Manage Your Finances When Planning on Filing for Bankruptcy

Posted by Tim Tonga on June 16

People file for bankruptcy when their debt becomes too much to handle and they need financial relief. A common concern people have is how they should be spending their money and what debts they should be paying when they are contemplating filing for bankruptcy in the near future.

Read More

What Is a Chapter 13 Plan Modification in MN and Do I Need One?

Posted by Amanda Scharber on June 15

During the three to five years of a chapter 13 bankruptcy your life will likely change. Whether it is because of finances, relationships, property, or your health. That is why chapter 13 bankruptcy plans can ebb and flow with you.

Read More

Limiting the Impact of the Bankruptcy on the Non-Filing Spouse in MN

Posted by Col Ovik on June 14

Bankruptcy provides an avenue for an individual to address their debt. It can provide a lot of relief. But, not everyone needs to or should file bankruptcy. What happens when only one of the partners in a marriage needs to file bankruptcy? The first question that needs to be addressed is, does the other spouse have any debt where it would make sense for them to file as well.

Read More

What Is Chapter 7 Bankruptcy and How It Works in Minnesota

Posted by Wesley Scott on May 17

Bankruptcy is a serious legal tool that shouldn't be entered into lightly. Fortunately, it can, in specific situations, help you move forward toward greater financial freedom.

Chapter 7 is a specific chapter in the federal bankruptcy laws that represents what is known as straight or liquidation bankruptcy and that can wipe your financial slate clean.

Read More
Take the first step toward  getting your life back  Let us help you get started on your road to a debt-free life Sign Up for a Free Consultation