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

    Finding An Awesome St Paul Bankruptcy Law Firm

    Posted by Wesley Scott on June 7

    If you were looking for an awesome heart surgeon in St Paul, you would want to find the most experienced you can find, wouldn’t you? Well, the same thing is true if you were looking for an awesome St Paul Bankruptcy Law Firm. Not only do you want one that's experienced on your side, but one that's kind, helpful and professional.

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    How Does Filing Chapter 7 Bankruptcy Affect My Credit Score?

    Posted by Wesley Scott on June 6

    Many people believe that if you file Chapter 7 Bankruptcy you will ruin your credit forever and you can basically forget about ever getting credit again. This is complete and utter nonsense and here's two reasons why...

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    (Video) CHAPTER 7 VS. CHAPTER 13 BANKRUPTCY

    Posted by Wesley Scott on June 5

    What are the main differences between a Chapter 7 Bankruptcy and a Chapter 13 Bankruptcy?  Sometimes, it helps to peel the onion back, layer by layer, and go back to the basics. What are the primary differences between a Chapter 7 and Chapter 13 Bankruptcy? We will leave the question of which one you should file for a different day.

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    (Video) WHAT IS A CREDITOR?

    Posted by Wesley Scott on June 4

    It seems like such a simple question doesn’t it? What is a creditor? A creditor is someone who you either owe money to or claims you owe money to.

    For example, you might have a 10k balance on your Master Card account. Master Card is a creditor of yours. You owe them 10k and they would like you to pay them 10k.

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    (Video) 3 THINGS TO DO WHEN SUFFERING FROM OVERWHELMING DEBT IN MINNESOTA

    Posted by Wesley Scott on June 3

    If you are living in or around Woodbury, MN and suffering from overwhelming debt, you are not alone. Each year, more than 15,000 Minnesotans file for bankruptcy protection because the debt simply becomes unmanageable. Suffering from overwhelming debt is mentally and physically stressful. If you find yourself in this position, there are a few things to do right now.

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    Why Most Minnesotans File Chapter 7 Bankruptcy In Minneapolis

    Posted by Wesley Scott on June 2

    At Lifeback Law, we have been at filing Chapter 7 and Chapter 13 bankruptcies for a very long time. In fact, we have been filing bankruptcies since 1972. Kain & Scott is Minnesota’s oldest bankruptcy law firm. Throughout these many decades we have seen a thing or two as to what causes our guests in Minneapolis, Minnesota to file chapter 7 bankruptcy.

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    Learn What To Expect From Your Free Bankruptcy Consultation

    (Video) WHAT CREDITORS DON’T WANT YOU TO KNOW ABOUT FILING CHAPTER 7 BANKRUPTCY

    Posted by Wesley Scott on June 1

    Ah the great state of Minnesota in the summer. Fishing, barbeques, fireworks, the sound of loons. I love it. But, if you are suffering from overwhelming debt in Minnesota, these things may not have the same meaning for you. It’s hard to enjoy Minnesota summers when all you can think about is your overwhelming debt.

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    (Video) The One Regret You Will Have About Filing Bankruptcy In Woodbury

    Posted by Wesley Scott on May 29

    Kain & Scott has been helping Minnesotans get their life back since 1972! We have seen and heard just about everything you can imagine when it relates to debt, how people feel about it and how it affects peoples’ mental and physical health. The apprehension people feel about filing bankruptcy is real. And yet, the vast majority never regret filing bankruptcy.

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    What Are The Duties Of Minneapolis Bankruptcy Trustees?

    Posted by Wesley Scott on May 28

    Bankruptcy is quite unlike other civil cases in Minnesota. In a divorce or commercial dispute, the judge controls almost everything that goes on in the case. But in a bankruptcy, the debtor may not ever even see the judge. In fact, it’s not uncommon for the debtor never to even go in a courtroom.

    Instead, the trustee has day-to-day responsibilities in terms of case management. These responsibilities vary significantly between a Chapter 7 and a Chapter 13. However, the trustee’s overall role in a Minnesota bankruptcy remains the same. The trustee, who is not a judge and may not even be a lawyer, must do what is in the best interests of the creditors. The trustee is not on your side. That’s your lawyer’s job.

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    (Video) How Will Filing Bankruptcy In Woodbury Affect My Credit?

    Posted by Wesley Scott on May 27

    Out of all of the questions we get asked, this is by far and away the single biggest question we get at Kain & Scott. Everyone, and rightly so, wants to know if I file bankruptcy how will this impact my ability to get future credit. And what you think happens, does not. If you live in Woodbury, Minnesota, or anywhere else in Minnesota, read on.

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    (Video) What You Need To Do Before Filing A Woodbury Bankruptcy

    Posted by Wesley Scott on May 26

    Many of our guests simply know they need to file bankruptcy. What they don’t always know is who should they hire to help them get their lives back. Recently, we put together a 15 minute video to help with answering the question of who should you hire to help you get your life back. 15 minutes could save you a lot of headache and money! You will soon see the video on our website at www.kainscott.com.

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    (Video) The Main Reasons Why You Want To File Woodbury Bankruptcy

    Posted by Wesley Scott on May 25

    Have you ever listened to the supposed “gurus” on debt who tell you to avoid filing bankruptcy? Why do you suppose they tell you to avoid filing bankruptcy? Perhaps it is because the so called “guru” is making money on you not filing bankruptcy. That is right, how many programs are being sold or seminars held telling you to avoid filing bankruptcy but then proffering some lame program to keep you mired in debt for years? Some of these “gurus” have even filed bankruptcy themselves!

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    (Video) Why Hire The St Cloud Bankruptcy Lawyers At Kain & Scott

    Posted by Wesley Scott on May 24

    Kain & Scott is St Cloud, Minnesota’s highest google reviewed Bankruptcy Law Firm, St Cloud, Minnesota’s largest bankruptcy ONLY law firm, St Cloud, Minnesota's oldest Bankruptcy Law Firm and St Cloud, Minnesot'a only Bankruptcy Law Firm to help Minnesotan's get debt free and repair their credit using our exclusive FREE 90 Day Credit Repair Program. Exciting? We think so!

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    What Happens When You File Bankruptcy In MInnesota?

    Posted by Wesley Scott on May 23

    The 2005 bankruptcy reform act significantly changed parts of the pre-filing process. Supposedly, banks approached then-President George W. Bush about such a measure shortly after he took office in 2001. But because of the proposal’s harshness, he said he would not sign it until his second term. The 2005 law made a number of changes which were designed to make it harder to file Chapter 7. These changes are outlined below.

    Other parts of the pre-filing process are unchanged. That include the initial consultation with your Minnesota bankruptcy attorney. At Kain & Scott, we believe in very thorough consultations which review all your bankruptcy and non-bankruptcy debt relief options. An extensive consultation also helps clients understand what happens when they file bankruptcy. That is a tremendous advantage for everyone.

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    Debt Relief Available in a Chapter 7 vs. Chapter 13 Bankruptcy

    Posted by Wesley Scott on May 22

    Supreme Court Justice James Clark McReynolds was one of the first Justices to set out the purpose of bankruptcy laws. In 1915, he wrote that bankruptcy is designed to “relieve the honest debtor from the weight of oppressive indebtedness and permit him to start afresh free from obligations and responsibilities consequent upon business misfortunes.” So, most Minnesota bankruptcy debtors are entitled to debt relief.

    The nature of this fresh start largely depends on the type of bankruptcy the debtor files. It also depends on a concept called reaffirmation, especially in certain kinds of bankruptcy.

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    Looking For A Minneapolis Bankruptcy Lawyer? Here’s Who NOT To Hire

    Posted by Wesley Scott on May 21

    At Kain & Scott, we want our Minneapolis guests to be careful who they hire to represent them in their bankruptcy case.  Why do you have to be careful who what Minneapolis Bankruptcy Lawyer you hire? Because there are “professionals” who try and solicit you to file bankruptcy with them who are not necessarily the best qualified to represent you in the bankruptcy case.

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