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.

 

    Wesley Scott

    Wesley Scott
    I love being a Minnesota bankruptcy attorney because it allows me to give people hope that, together, we can get their lives back. People call us because of business failure (many businesses fail, that is a fact of life), income drop (bad economy or otherwise), divorce (happens to many), medical problems (how can you help that?), and bad financial decisions (we have all made them!). I understand the financial pressures my clients face because I experienced many of these same pressures growing up. I know that most of my clients end up in debt through no fault of their own. I became a bankruptcy attorney to give these people the help and support they need in this time of trouble.
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    Recent Posts

    Why Minnesotan's turn to Kain & Scott When They Need to File Bankruptcy

    Posted by Wesley Scott on April 23

    We know you would rather be fishing, going to the park, or spending time with your family rather than filing bankruptcy. Having debt problems cripples your life. Everything is seen through the prism of the debt you have. Can you purchase this? No, you have too much debt. Can you buy a house? No, you have too much debt. And so the story goes.

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    How to improve your credit using Kain Scott's Free Credit Repair Program

    Posted by Wesley Scott on April 22

    At Kain & Scott, we have two jobs. One is to help our guests eliminate debt using either Chapter 7 Bankruptcy or Chapter 13 Bankruptcy. Once the debt is eliminated, we do not leave our guests hanging. We go the distance with our guests.

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    What about my coronavirus stimulus check and bankruptcy?

    Posted by Wesley Scott on April 21

    On March 27, 2020, Congress passed, and the President signed into law the CARES Act, designed by Congress to address the pressing financial concerns facing Americans in light of the  Coronavirus pandemic.

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    What is income for bankruptcy purposes?

    Posted by Wesley Scott on April 20

    The preparation of bankruptcy petitions, schedules and statements, whether for a chapter 7 or a chapter 13 case involves an analysis of how much income is earned by the bankruptcy debtor or debtors.  It’s a factor in the determination of monthly income (the means test) and it’s a factor in scheduling an accurate budget in the bankruptcy schedules.

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    Stimulus Checks: What Does It Mean For Your Bankruptcy?

    Posted by Wesley Scott on April 19

    The CARES Act passed last week by Congress authorized stimulus checks based on income for most Americans.

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    What happens to lawsuits in a bankruptcy case?

    Posted by Wesley Scott on April 18

    One leading reason for people to consider filing a bankruptcy case is becoming a defendant in a lawsuit.  In many cases, being served with a lawsuit is the “last straw” that makes people who have been trying to fight off their financial problems change course and decide to file a bankruptcy case.

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    Learn What To Expect From Your Free Bankruptcy Consultation

    What are the most common causes of bankruptcy?

    Posted by Wesley Scott on April 17

    Every single client has unique circumstances that brings them into our office. We fully understand that bankruptcy is not what people want to be doing and for that specific reasoning, they don’t want to be in our offices. Please make note, we will never judge you or your circumstances that brought you to us—we will simply help you in the most empathetic and professional way possible.

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    How can I build my credit score back up?

    Posted by Wesley Scott on April 16

    Whether it is after you have received a discharge in your bankruptcy or you are looking for ways to boost your credit score, you have come to the right place! Not only does Kain & Scott specialize in bankruptcy, we also have an in-office credit repair specialist that will make sure your credit report is clear and free of creditors! This is a program we offer free of charge after you receive your bankruptcy discharge.

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    Why do my payments change throughout my Chapter 13 bankruptcy?

    Posted by Wesley Scott on April 15

    On the surface, a Chapter 13 bankruptcy can be kind of a complex configuration of numbers and rules to understand. Our team at Kain & Scott is dedicated to complete transparency and communication with our clients—we want you to understand the ebb and flow of your chapter 13 bankruptcy case!

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    Download our Free Debt Solutions Comparison Chart

    BANKRUPTCY: “WE DON’T JUDGE YOU, WE HELP YOU GET YOUR LIFE BACK!™

    Posted by Wesley Scott on April 14

    If you need to file bankruptcy there is a certain way you would like to be treated by the professional you hire. You would like to be treated with kindness, helpfulness, professionalism, and yes, exceptional customer service. There is one bankruptcy law firm in Minnesota who delivers on these values; Kain & Scott.  These just happen to be the four values Kain & Scott lives by. Those values are the prism for how we hire employees, grade each other, and ultimately the test to see if you can continue to work at Kain & Scott.

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    How Many Times Can I File Bankruptcy in MN?

    Posted by Wesley Scott on April 9

    Just because one event in your life causes you to seek relief in bankruptcy that doesn’t mean it couldn’t happen again. Think about this. You start a business when you are 34. The business ends miserably and you discharge your liability on a large commercial lease, trade payables, and a bank loan in a bankruptcy. Next thing you know you are 48 years old, you suffer a heart attack and you were in the middle of switching jobs and got caught with no health insurance because the Cobra premium was insane and you could not afford it. What do medical bills from a heart attack look like without insurance? I bet the medical bills total 50k or more.

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    Coronavirus and Bankruptcy: Is There a Medical Bankruptcy?

    Posted by Wesley Scott on April 8

    Every once in a while I get asked if there is such a thing as a medical bankruptcy? Well, not really. I mean yes, you can file bankruptcy on medical bills, but there is no “medical bankruptcy” in the sense that there is one particular bankruptcy that handles only medical bills and nothing else.

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    Why Minnesotan's Suffering With Debt Choose Kain & Scott

    Posted by Wesley Scott on April 7

    Minnesotans who are suffering from debt problems go to Minnesota’s largest bankruptcy website: www.kainscott.com. When I am looking for information on a subject, I want the best information I can find. I don’t want to spend days skipping around websites trying to cobble together good information on bankruptcy in Minnesota. If you live in Minnesota and you are contemplating filing a bankruptcy in Minnesota, this is the website you want to go to.

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    Coronavirus, Business and Bankruptcy: What is Your passion?

    Posted by Wesley Scott on April 6

    All across Minnesota, there are tens of thousands of businesses that are suffering because of Coronavirus. Many of these business owners will face bankruptcy through no fault of their own. Who saw a pandemic coming 6 months ago? Even if you could have predicted the pandemic, what would you have done differently? Would it really have changed the course of events in a meaningful way?

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    Governor Walz Makes Kain & Scott Essential Business

    Posted by Wesley Scott on April 5

    There are certain services that are considered essential even during a government ordered Coronavirus shelter in place order/lock down. Getting relief from your debts is one of them. Every Kain & Scott employee is consider an essential worker and will be in the trenches helping good Minnesotans just like you get out from under crippling debt.

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    Minnesotans Facing the CoronaVirus and Bankruptcy

    Posted by Wesley Scott on April 4

    Life is strange and very humbling. For so many of us, just a month ago we were riding stock market highs, good incomes, and plenty of toilet paper. And then, all of sudden someone shut the lights off and everything went dark. The Coronavirus doesn’t care about the economy or your health. It destroys anything in its path. What are Minnesotans to do who have never missed a monthly payment in their life who all of sudden have no income?

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