Filing bankruptcy may have you thinking of your budget and what you spend on certain categories monthly or yearly. One of those categories may be your “fun” money or entertainment budget. It can be hard to find fun things to do, that are cheap or free. This blog explores ideas for free or cheap things you and your family can do, during bankruptcy.

So you’ve filed bankruptcy, and then suddenly, you receive a letter in the mail telling you a date and time for a “341 Hearing.” What gives?

Whether you are looking into filing bankruptcy or have done so, you may have heard filing bankruptcy will not discharge your student loans. While most student loans are not dischargeable in bankruptcy, there is a second step you can take during your case to determine whether your student loans are dischargeable in whole or in part. This step is called an adversary proceeding. 

If you are reading this article, I’m sure you’ve heard numerous ads for debt relief programs. Debt relief programs encompass a range of strategies and services designed to help individuals and businesses manage and reduce their debt burdens. These programs may include debt consolidation, debt settlement, credit counseling, and bankruptcy assistance. Now, these are options for folks facing financial straits and do work for some people. However, this blog aims to present the key differences between a Chapter 13 bankruptcy and debt relief programs so that you have all the facts you might need.

A debtor must complete an instructional course in personal financial management in order to receive a discharge. This is commonly referred to as, the second credit counseling course. 

 At LifeBack Law, we strive to communicate promptly and leave no client feeling unheard. We make sure the client is informed during their case, is responded to, and, more importantly, is listened to. 

The assets of a debtor need to be disclosed to the bankruptcy court, but sometimes, it is not clear to a debtor what is considered an asset. An asset is not only the tangible property of the debtor—real estate, vehicles, boats, funds in your bank account, stocks—but also the debtor's intangible assets. Intangible assets are patents, copyrights, client lists, contracts, or the right to receive. 

Receiving notice of a pending eviction action can be a scary thing to experience, and figuring out what steps you can take to protect yourself from this pending eviction will be one of the first things that anyone considers when they hear this news.  Fortunately, bankruptcy can absolutely be a resource to help!  If you are facing a pending eviction action for back rent, bankruptcy can be an excellent opportunity to help you resolve the rent balance and remain in your home!     

If you own your home, you may have reached a point where you are considering selling. If you are in active bankruptcy or your case has closed, you may have questions about when you can sell, if the equity in your home belongs to the bankruptcy estate, and whether you need to do anything additional to sell. This blog will explore answers to these questions and more. 

Filing bankruptcy can bring a massive amount of relief when you begin to feel the benefit of being protected from your creditors and the seemingly unending calls and communications that always seem to accompany them.  Likewise, receiving a bankruptcy discharge can also be a massive source of relief when you realize that you will never have to worry about any debts being discharged again.  However, after this discharge has gone through, you might ask: What will happen next?

Filing bankruptcy may leave you feeling uncertain about your bank accounts. If you like your bank, you may want to keep it open, and if you do not like your bank or do not care one way or the other, you may be fine with it closing.  

“Can I discharge a debt that is already in collections?”  - It’s a question many people ask when they look at beginning the bankruptcy process.  Sometimes, a debt collector might tell you you have no choice but to pay them once an account has been referred to them for collection.  What they might not tell you is that this debt may still be discharged through bankruptcy.  

At LifeBack Law, we don’t judge you, we help you get your life back. This is not just a slogan for us, but something we stand by and adhere to. 

At LifeBack Law Firm, we put our money where our mouth is. When we say we are Minnesota’s most kind and helpful bankruptcy law firm, we are willing to risk it all to preserve our core values despite some who wish to attack it.

Whether you are trying to save on groceries due to income, dietary needs, family size, or other reasons, this blog will explore savings at the grocery store. 

Various parties will receive notice of your case filing, directly from the court, your attorney, a creditor, or a combination. The creditor or party’s interest in your case, will determine who receives notice you filed bankruptcy.