Many people encounter overwhelming debt at some point during their life, and when they do, find themselves asking what their options are to address the situation.  One of the first things that usually comes to mind is bankruptcy; another may be something along the lines of debt negation or consolidation.  This guide will serve as a brief insight into what these different options offer, and the benefits and possible drawbacks that they entail.     

Finances are a massive stressor in most people’s lives, and although this blog might not cure all your fears, it can provide a good distraction. Because what helps stress more than an obscene amount of sugar? This recipe has only three ingredients and is super quick to make. It’s helped me through some rough times, so it may also help you.

Medical bills are our favorite thing to hate. With people in the US owing at least $220 billion in medical debt alone, nearly 41% of adults have some form of health care debt. When that debt becomes unbearable, many people consider bankruptcy a form of relief.

Nearly every day, potential clients ask whether filing bankruptcy means they will lose their house. These concerns are completely valid! Losing their home is panic-inducing, especially for those who own real estate during the market crash. Thankfully, there are ways to protect your home while filing for bankruptcy! Namely, exemptions.

Coming to Minnesota to get a fresh start? You’re not alone! Who can resist the beautiful nature, the friendly people, or the lack of sales tax on clothes?

When we hear the word fraud, our minds turn to white-collar criminals, Ponzi schemes, and scam callers. However, one of the most common roadblocks in filing bankruptcy is a type of fraud people usually don’t expect: “a fraudulent transfer.” Today, we’ll look at “fraudulent transfers” and break down what they could mean for you.

Here’s a riddle for our (home-owning*) readers: what do a snow blower, a riding lawnmower, and your precious family heirloom have in common?

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?

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.

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!     

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?

“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 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.

     LifeBack Law Firm is pleased to announce we are now offering all Minnesotans a free analysis of whether getting their student loans discharged in bankruptcy is a possibility. We also offer representation of Minnesotans in bankruptcy with respect to student loan discharge proceedings. At LifeBack, we did not want to “rush” into accepting money from Minnesotans without first understanding the lay of the land. Now that we have more clarity on student loan discharges in bankruptcy, we are proud to start accepting clients for bankruptcy and student loan discharges. 

     The perception among many is filing Chapter 7 Bankruptcy is the death knell to your ability to obtain future credit. In a way, I can understand this perception. For example, many of our clients report the following version of events to us: we are current on all our payments and our credit score is quite good.

     A court filing in Hennepin County, MN on September 26, 2023 (court file no. 27-CV-23-12137), claims from 2013 to 2020, Hoglund, Chwialkowski & Mrozik P.L.L.C. n/k/a Hoglund & Mrozik, P.L.L.C. engaged in massive interstate advertising and marketing fraud spanning multiple states on its website, Google map location and lawyer listings, and by its conventional advertisements.