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.

 

Serena Seashore

Serena Seashore
I want to break the bad stigma around bankruptcy! Money and debt can be completely overwhelming, but filing bankruptcy should not be!

Recent Posts

What Is the Minnesota Working Family Credit and Earned Income Credit?

Posted by Serena Seashore on March 27

The Minnesota Working Family credit is a refundable credit for working individuals whose income is below a certain level. This credit can reduce what you owe and could result in a refund. You must be a full year or part year Minnesota resident and not prohibited from claiming the IRS Earned Income Tax Credit. The credit amount depends on your income, filing status, and number of qualifying children.

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If My Income Increases After the Pandemic, Will It Affect My Bankruptcy?

Posted by Serena Seashore on March 18

Everyone is in the same boat when it comes to the unknown of how this pandemic will continue to affect our lives. It can be safely assumed that a majority of people seek normalcy in their day-to-day lives, social aspects, and financial security. Although we are unable to predict the future, we can inform you of what to expect from your Minnesota bankruptcy when the pandemic subsides and hopefully, is eradicated.

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What Tax Ramifications Are There When Filing Bankruptcy in MN?

Posted by Serena Seashore on March 8

The concept of discharge can prove to be a bit confusing to individuals not directly involved in the field of bankruptcy. Essentially, discharge means the debt is forgiven or canceled, and the creditor has either agreed to the debt being wiped out or the creditor is prohibited from pursuing future payment. Bankruptcy can only cancel debts that exist at the time the petition is filed.

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Are There Tax Ramifications to Filing Bankruptcy in Minnesota?

Posted by Serena Seashore on February 15

The concept of discharge can prove to be a bit confounding to individuals not directly involved in the field of bankruptcy, especially when it comes to how that debt is taxed or not taxed.

Essentially, discharge means the debt is forgiven or canceled, and the creditor has either agreed to the debt being wiped out or the creditor is prohibited from pursuing future payment. Bankruptcy can only cancel debts that exist at the time the petition is filed.

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Why Should I Seek Counsel for My Bankruptcy in Minnesota?

Posted by Serena Seashore on February 9

As bankruptcy attorneys, we will be the first to admit that bankruptcy is challenging and has many moving parts, while also being completely unique per case. At Kain & Scott, we primarily file chapter 7 and chapter 13 bankruptcies—focusing solely on the consumer.

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What Are My Options for Bankruptcy Appointments in MN During COVID-19?

Posted by Serena Seashore on February 3

The world is changing, so we must change too. As hopeful as we all are for what 2021 will bring us, it seems COVID-19 will be sticking around for a while. Does that mean I cannot file a bankruptcy if the court houses are closed? No! In fact, just because the physical federal courthouse building is closed, does not mean we cannot file bankruptcy cases.

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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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How Do I Know If Bankruptcy Is the Right Option?

Posted by Serena Seashore on January 13

The internet is a crazy mechanism in which the ideal answers are easily sought, even if they are not correct. This is true for any circumstance or situation you may be in; medical conditions, car repairs, DIY experiments, and even money and debt. Why this is the case? We are unsure, the internet has a reputation for a reason! However, when you search about debt solutions, such as: not being able to catch up on bills, falling behind on your mortgage, or the constant hassling from creditors, look no further than www.kainscott.com, which conveniently is located right near the top of the search.

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