Bankruptcy filing stops creditor collection efforts from continuing. It will stop calls, letters, statements, judgments, garnishments, and more. The protection you receive from bankruptcy comes from the automatic stay.
Bankruptcy is a big topic, with many interesting facts.
There are two sets of exemptions you can use in Minnesota, state and federal exemptions. You can use whichever is the most beneficial to you. Below are a few examples of why you may pick one over the other.
Bankruptcy has a wide variety of interesting facts. A few are listed below:
If you are considering filing bankruptcy, you may be wondering whether you can keep your lease.
A common question I receive is whether there is a minimum debt requirement to file a bankruptcy? Good news! The answer, which may surprise you, is no.
You may be wondering whether your employer will find out about your bankruptcy filing. Below we explore possible ways your employer can be informed of your filing.
When you file bankruptcy your creditors will receive a notice of filing. This goes out to all of the creditors listed in your bankruptcy case. On this notice of filing there are certain deadlines listed that your creditors, the trustee, and you will need to abide by. The following are the deadlines listed on the notice of filing:
If you are considering filing bankruptcy, you likely are wondering what you will have to do in order to file. At Life Back Law we make the process easy for those considering filing bankruptcy.
When you receive your bankruptcy discharge, your liability on the debt is discharged, but your co-signors isn’t. What will happen to them after you file and whether their credit will be impacted by your filing are common questions.
If the co-signor is someone not filing a joint Chapter 7, Chapter 13, or other bankruptcy with you, like a spouse, they should not be impacted by your filing as long as payments on the debt stay current. This includes their credit, if payments stay current after filing, there shouldn’t be a drop in your co-signors credit, even though you filed for bankruptcy.
During your Minnesota bankruptcy case there are going to be moving parts. There will be at least one hearing you have to attend (typically only one), your date for discharge, and other details of which you should be aware.
Say you have a vehicle, that for whatever reason, you do not want to keep anymore. Maybe it needs significant repair, maybe you can’t afford it anymore, or maybe you just do not want it. Whatever the reason, you may be wondering whether you can get rid of the vehicle and its loan in bankruptcy? The answer is yes.
A Motion to Dismiss your chapter 13 case is generally brought by the chapter 13 trustee. This motion is usually brought by the trustee to dismiss your case, because of failure to follow some sort of provision in your plan or the bankruptcy code.
Commonly, Motions to Dismiss are brought for the following reasons, failure to make your plan payments, failure to turn over tax refunds or other property of the bankruptcy estate, and failure to provide your tax returns.
Bankruptcy filings like Chapter 7 and Chapter 13 are technically public record. The full case and associated documents are filed with the court. The case and associated filings are then accessible on the United States Bankruptcy Court’s website.
During your bankruptcy case there are going to be moving parts. There will be at least one hearing you have to attend (typically only one), your date for discharge, and more.
Bankruptcy filing stops creditor collection efforts from continuing. It will stop calls, letters,...
Bankruptcy is a big topic, with many interesting facts.
There are two sets of exemptions you can use in Minnesota, state and federal exemptions. You can...
Bankruptcy has a wide variety of interesting facts. A few are listed below:
If you are considering filing bankruptcy, you may be wondering whether you can keep your lease.
A common question I receive is whether there is a minimum debt requirement to file a bankruptcy?...
You may be wondering whether your employer will find out about your bankruptcy filing. Below we...
When you file bankruptcy your creditors will receive a notice of filing. This goes out to all of...
If you are considering filing bankruptcy, you likely are wondering what you will have to do in...
When you receive your bankruptcy discharge, your liability on the debt is discharged, but your...
During your Minnesota bankruptcy case there are going to be moving parts. There will be at least...
Say you have a vehicle, that for whatever reason, you do not want to keep anymore. Maybe it needs...
A Motion to Dismiss your chapter 13 case is generally brought by the chapter 13 trustee. This...
Bankruptcy filings like Chapter 7 and Chapter 13 are technically public record. The full case and...
During your bankruptcy case there are going to be moving parts. There will be at least one hearing...
