At Kain & Scott we like our clients. We want our clients treated with kindness, helpfulness, professionalism and exceptional customer service. We will not refer our guests to any other professionals, whether they are lawyers, doctors, mortgage brokers, or car sales people, unless the professional agrees to treat our guests exceptionally well.

There are some misunderstandings about who files bankruptcy in Minnesota. I think sometimes we tend to categorize people who file bankruptcy. Maybe you think of people who file bankruptcy as a sales person or maybe you think people who file bankruptcy are factory workers. I am here to tell you that bankruptcy filings cross all socio-economic spectrums.

Can you imagine an interactive tool you could use to find out if you should be considering filing bankruptcy, and then which chapter you should consider filing? How awesome would it be to spend a few seconds answering a few questions and then have the dial point to what you should do? Imagine the dial pointing to either bankruptcy, do nothing, or debt consolidation.

How will Coronavirus impact bankruptcy in Minnesota? Well, first off, the Coronavirus will cause a number of bankruptcies. Why? Have you seen pictures of the streets in Italy and China? They are virtually ghost towns. The American economy is driven by consumer consumption. It is something like 70% of our economy is driven by consumer likes you and I.

What a wonderful way to review a Minnesota bankruptcy law firm. Glassdoor.com is a website you can go to read what the current and former employees of a Minnesota bankruptcy law firm have to say about their experience with the firm. I don’t think most people think about www.glassdoor.com as a useful tool in using to decide whether to engage a Minnesota bankruptcy law firm, but consider this: would it make a difference to you, in deciding which bankruptcy law firm to hire, if the former employees had really ugly things to say about the law firm?

One of the things that really sets Kain & Scott apart from other bankruptcy practices is that we offer our clients a payment plan option. A lot of other firms charge 1) for an initial consultation and 2) all of their attorney’s fees upfront! We don’t do either of those things.

It’s hard to know where to even start when you are considering filing for bankruptcy. As with any legal proceedings there are so many moving parts and so much red tape! First things first, if you are considering filing for personal bankruptcy you need to know which chapters of bankruptcy are available to you and what the specifics are for each chapter.

The constant telephone calls, the never-ending e-mails, the over-flowing past due notices. Creditors can be ruthless and heartless when they are attempting to collect a debt. Some use threatening scare tactics in an attempt to get those overwhelmed by debt to cough up every last cent that they have.

If you’re thinking of filing a chapter 7 bankruptcy case, it’s good to know what will happen to your tax refund if you file your case prior to receiving your refund.  For families that are struggling financially, a tax refund can be a difference-maker.  So holding on to the refund through the bankruptcy process is important to a lot of people. 

I have high anxiety. No one analyzes a problem more than people with high anxiety. We scrutinize, we examine, we look under the hood, we go back and forth, and ultimately we end up where we need to be. But not before we think through this problem over and over in our minds. It’s exhausting really.

The question of whether you can sell your car after filing for bankruptcy is a common concern for many individuals facing financial hardship. The answer isn’t always straightforward, as it depends on several factors, including the type of bankruptcy you file, the amount of equity in your car, the implications of filing bankruptcy on the timing of the sale, and your overall financial situation.

You file a Chapter 7 or Chapter 13 Bankruptcy and you receive your bankruptcy discharge. You think, treats for everyone right? You say, could life get any better? And then, you get a letter from the IRS stating you failed to report debt that was forgiven from one of your creditors. You start to panic. What the hell is going on right? Well, remember that your creditors who sustain a loss will always deduct that loss on their business tax returns. When they report those losses it generates a 1099 to you. Normally, 1099 income from debt forgiveness is taxable to you. You start to really panic now. You are like—wait a minute, I filed bankruptcy on over 100k in debt!

There are numerous reasons to file bankruptcy in St Cloud, MN.  But, if I had to limit my top 4 reasons to file either Chapter 7 or Chapter 13 Bankruptcy in St. Cloud, MN, here they are!

One of the questions that does arise from time to time is can one spouse file bankruptcy and the other one not? Yes, one spouse can file bankruptcy and the other one not. There is no requirement that both husband and wife must file a joint bankruptcy. Quite often, there are good reasons why a spouse does not file. Perhaps this is a new marriage and one spouse has no debt and the other spouse came into the marriage with debt wreckage from the previous marriage.

It might be logistically simple to make contact with a lawyer’s office to make an appointment to discuss the possibility of filing a bankruptcy case.  But it certainly is not easy to do this emotionally.  Many people feel embarrassed to be in a tough financial position, and these people worry that talking openly about these problems will result in a lawyer judging them as somehow not very smart or that they are financial failures.

I have high anxiety. If I can find comfort in resolving a problem without a lot of stress, well that is what I am going to do. If I was struggling with overwhelming debt, and if I had access to some interactive tool I could use to help me decide if I should a) contemplate filing bankruptcy and b) which chapter I should consider filing, I would do it in a heartbeat!