At Kain & Scott, we have an all-points bulletin and warning for those of you living in Minneapolis, Minnesota and are looking to file bankruptcy. Be very careful who you choose to file your bankruptcy case. Why? Because there are “professionals” out there that may have their bottom line as a priority over your well-being. Be very careful of people advertising to you who are located out of state. Be careful of those people advertising bankruptcy services on park benches, billboards, or even tv!

How do you know which St Paul Bankruptcy Lawyer is right for you? How do you know the law firm you select will show you empathy and be helpful and kind to you while you go through this struggle? I absolutely LOVE Google reviews, and lots of them. I am continually amazed at the people who have the courage to file bankruptcy and also the courage to leave a google review. Bravo to them and those reviews are so critically important for other Minnesotans suffering from overwhelming debt. However, there are things you need to avoid while searching for a lawyer too. If you fall prey to this it could make your experience turn into a disaster. How do we know? We've seen it time and time again.

The average debt-laden college graduate has almost $30,000 in student loans. That amount has increased 25 percent since 2008. Even with low interest rates and extended repayment periods, the monthly payment is often several hundred dollars a month. That’s a lot of money for anyone, and especially for young people. Quite understandably, many of these individuals delay major purchases and are overly-cautious with their money.

I know what you are thinking- what government sponsored debt consolidation plan? Not many people know that the government, indeed, has a government sponsored debt consolidation plan. If people knew about this and understood it, no one would ever try traditional debt consolidation plans and always contact a St Paul Bankruptcy Lawyer first. Let me begin by describing the highlights of this government sponsored plan.

 I love “Google Reviews”. Why? Because they are a wonderful barometer of what you will receive for food, service, or anything else with a business. What better way to determine what you will receive from a St Paul Bankruptcy Lawyer than to see the experience others had with the same firm right?

Having a medical problem is awful enough- but just wait until you get home and receive the medical bills. If you didn’t want to die before, you will now. It shouldn’t be this way. You should not have to go bankrupt to protect your family from medical problems. And yet, our health insurance coverages get worse and the medical out of pocket costs grow larger.

Apart from politicians and large medical providers, who else benefits from a system like this? No one! The problem with overwhelming medical debt is it’s so unpredictable and uncontrollable. You can’t help medical problems for the most part.

Nobody wants to file for bankruptcy. This is no secret, but for many people in Minneapolis each year it is their only hope for debt relief. At Kain & Scott when most of our clients come to visit us they’ve been struggling with the repercussions of an overwhelming debt problem for a very long time. Far too often this struggle could have been avoided if they would have met with our Minneapolis Bankruptcy Lawyers a lot sooner. Our Lawyers can help you avoid a variety of debt related problems. Here’s how:

So, last we spoke, we spoke about Mary’s account being frozen. The creditor had frozen Mary’s 12k 401k loan proceeds and Mary had come in to see me about what her choices were to resolve her debt problem.

There are 3 mistakes you should avoid when filing bankruptcy in St Paul, Minnesota. These mistakes have to do with representation in a bankruptcy or a lack thereof. At Kain & Scott, we are Minnesota’s oldest bankruptcy law firm. We have seen a thing or two and we would recommend you avoid the mistakes we have seen others make. For example-

Welcome to Woodbury, Minnesota’s best bankruptcy law firm, Kain & Scott. Why Kain & Scott? Good question. We wrote the book, “Filing Bankruptcy Sucks, Your Lawyer Should Not!” We wrote the book because we were frustrated by how Minnesota bankruptcy guests were being treated. Well, let’s break it down, why is Kain & Scott Woodbury, Minnesota’s best bankruptcy law firm? I will give you 5 reasons:

The following is based on a true story. The names I use are fictional but the story is real. Mary came into see me about her account being frozen by one of her creditors. Mary had just taken a loan out from her 401k and the 12k in proceeds were in her bank account when the unthinkable happened- the creditor placed a levy on the account and froze 12k. Now, to say this was not good timing is an understatement. Mary is an RN but she was off work for several months due to medical complications. She was not entitled to short term disability and so she was taking the 401k loan out to help her and her husband survive the time when she was out of work.

To protect their property and families, thousands of people file bankruptcy in Minnesota every year. Moneylenders want people to feel ashamed when they file bankruptcy, to discourage such actions. But most people file bankruptcy because of medical debt, divorce, unemployment, or some other situation which was totally beyond their control.

Nevertheless, there are still many impediments to filing bankruptcy in Minnesota. Some people worry about how a voluntary petition will affect their jobs. Others worry about how bankruptcy may affect their spouses, and that’s the subject of this post.

Hi everyone! So you are on line searching for information on the basics of bankruptcy. How does it work? What are the differences between a chapter 7 and a chapter 13? Which bankruptcy looks better on my credit report? These are all great questions right? But, can someone explain them in simple terms? I can! 

It is odd that I have to say this, but if a Minnesota resident intends to file for bankruptcy in Minnesota, choose a Minnesota BASED law firm. Why do I say this? Because there are out of state law firm’s soliciting Minnesota residents to file bankruptcy using an out of state law firm- some of who refer you back to a Minnesota lawyer who doesn’t have the same bankruptcy experience many other Minnesota bankruptcy attorneys have.

We are so confident we are Minnesota’s Nicest Bankruptcy Law Firm we guarantee it and trademarked it! That is right, we trademarked “Minnesota’s Nicest Bankruptcy Law Firm Guaranteed or 100% Off Your Fees”!*

A law firm that is willing to guarantee their service to you is confident about the service you will receive. So confident, in fact, that we guarantee it or 100% off your fees. Unique? We think so! If you live in Minneapolis, Minnesota, and you are thinking about filing Chapter 7 or Chapter 13 Bankruptcy, if you are looking for the best customer service in the state of Minnesota, there is no other firm to turn to besides Kain & Scott.

This is probably the single biggest question we get asked at Kain & Scott. What assets will I lose if I file Chapter 7 Bankruptcy? The answer simply put, is in the vast majority of cases filed, most debtors lose no assets at all.

We can protect a lot of assets in a Chapter 7 Bankruptcy. If your assets are protected we call that “exempt” assets. If your assets are not protected, and the Chapter 7 trustee can take and liquidate your assets, we call those assets “non-exempt”.