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.

 

      Minnesota Bankruptcy Fines and Fees - What Is Dischargeable in MN?

      Posted by Serena Seashore on January 31

      There are endless fines and fees associated with all walks and circumstances of life, just seems to be the theme these days. Typically, bankruptcy can assist in getting rid of the unwanted and unrelenting debt that plagues many people in society. But what about the miscellaneous fees and fines, from parking tickets, restitution, or reimbursement expenses?

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      Can A Debtor Waive Their Right To A Bankruptcy Discharge in a Contract?

      Posted by Wesley Scott on December 22

      Think about this for a moment. Can a creditor write in a contract, any contract, that you waive your right to file bankruptcy on this debt/contract, and therefore, further protect creditor’s ability to get paid back on a debt? Wouldn’t this be clever for a creditor to do this? Wouldn’t all creditors do this? If this were possible, and enforceable, all lawyers for creditors would be committing malpractice if they failed to write a provision into every contract waiving debtor’s right to file bankruptcy on this debt.

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      Can Credit Card Companies Fight a Discharge?

      Posted by William Kain on December 18

      Credit card debt is a major reason why people file for bankruptcy in Minnesota. Credit card debt can get out of control for many different reasons, some of which are beyond your control. If a household member loses a job or suffers a serious illness, you need to rely on credit cards to pay your bills and cover basic expenses. Meanwhile, you may only be able to afford the minimum monthly payment, which can result in excessively inflated balances due to high interest rates. Before you know it, you may see no possible way that you will be able to pay off your credit cards.

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      How Bankruptcy Can Help after a Serious Illness

      Posted by William Kain on November 15

      It’s widely known that overwhelming medical debt pushes many Americans into bankruptcy, even if the specific percentage of bankruptcy cases is hotly debated. If you’re recovering from a major illness, the overall numbers don’t matter - the important fact is that you’re drowning in medical debt. Maybe you’ve lost income, or maybe you’re now partially or totally disabled as a result of your medical condition. Whatever your situation, you’re probably extremely anxious about your future and understandably so.

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      Discharging Debts in Bankruptcy

      Posted by William Kain on November 13

      The ultimate goal of a consumer bankruptcy case is the discharge of debts. While a discharge can greatly improve your financial situation, it is not a magic eraser that wipes out all types of debts. The following are some frequently asked questions about the debt discharge at the end of a bankruptcy case.

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