Constantly feeling like you are trying to catch up, while preventing yourself from falling further behind, is exhausting. The longer this drags on, the more tired and discouraged you become. Financial stress is known for causing personal health problems as well as relationship issues.
Are you searching for the Best Bankruptcy Lawyers in Apple Valley, Minnesota, but are afraid of hiring an attorney that is a “bad apple”? The right bankruptcy lawyer can help you erase your debt and get a fresh financial start, whereas the wrong bankruptcy attorney can turn your dream of being debt-free into a nightmare.
If your financial situation is spinning out of control and you are no longer able to make your full monthly payments on time, something needs to happen. Or, perhaps you are already in a debt management program and aren’t able to keep up with your already lowered monthly payments. There are two things that can be done.
A chapter 13 trustee will be assigned to your case when you file for bankruptcy. Think of the chapter 13 trustee’s role in your bankruptcy case similar to the role an account manager plays. This individual is appointed by the court and will manage your case from the beginning, through your entire repayment plan, at which time you will receive a discharge.
Two of the most common bankruptcy myths lead people to believe that you will lose everything you own and you will never be able to own anything in the future. Both of these are false. Most people who file bankruptcy don’t lose anything and in the future you can buy, own and possess whatever you can afford to make payments on. One of those necessary and often treasured possessions debtors fear losing is their vehicle – their mode of transportation.
A discharge is a legal term used during bankruptcy and refers to the elimination of your liability from your debts. If you file Chapter 7 your discharge will be granted immediately upon case closing or if you file Chapter 13, your discharge occurs after you complete your repayment period.
Over the last three weeks I wrote about the ability of Chapter 7 debtors to access credit after receiving a bankruptcy discharge. Now, let’s look at the ability of Chapter 13 debtors to access credit - and because of the length of time Chapter 13 debtors are “in” their bankruptcy, I’ll deviate a little from the title of this blog and look at the ability to access credit during the time a Chapter 13 debtor is “in” her bankruptcy, as well as access to credit after the Chapter 13 discharge is entered.
To initiate the chapter 7 bankruptcy process you must file a petition. Along with this petition you must file the following:
Using a Bankruptcy Attorney to help you File a Chapter 13 Bankruptcy will be one of the best decisions you make, apart from your initial decision to get your life and finances back on track by filing bankruptcy. The bankruptcy code, court procedures and filing forms are saturated with legal jargon that will complicate the overall bankruptcy process if you don’t have the assistance from a legal professional.
Your stress will begin to diminish the day you decide to file Chapter 7 bankruptcy. Taking action against your debts will take some of the pressure off – but taking action to abolish your debt completely will have you sleeping peacefully at night.
Filing for bankruptcy can give you a chance to start over financially. Knowing the correct information about this process and its potential results is absolutely necessary when considering whether or not to file. Bankruptcy is a legal proceeding, which means it is surrounded by legal jargon. This can make sorting through the massive amounts of bankruptcy related information complicated.
Debt consolidation consists of combining all of your unsecured debt payments into one. This may involve taking out a loan, entering into a debt consolidation program or Filing Chapter 13 Bankruptcy. Now, what are unsecured debt payments?
If you live in or near Monticello, MN, and you are suffering from overwhelming debt, what is the first thing you need to do? That is what our guests really want to know. They ask me all the time- Wes, what is the first step I need to take? If you are like me, you like to do a little research before you set up an appointment to meet with someone right? Like what are the answers to some of my commonly asked questions?
The Minnesota Bankruptcy Process isn’t as scary, threatening or intimidating as many believe. In fact, if you have an attorney on your side, these fears will likely be non-existent. It also helps to know that you are not alone. Many people visit bankruptcy attorneys every year – to seek advice, comfort and often assistance through the bankruptcy process. Here is an example of a young couple’s financial struggle and journey to debt freedom, it represents a common set of circumstances we see fairly frequently.
If you’re desperately seeking the Best Bankruptcy Lawyers in Anoka, Minnesota, you have two options:
Option 1: drop everything—work, family, household chores—and dedicate your days to researching the hundreds of Bankruptcy Attorneys in Anoka. Call each office and set up potentially expensive consultation appointments with the most likely candidates. Then, take a chance on one of them and hope that they file your bankruptcy correctly and quickly.
Let’s be clear, there are numerous causes of bankruptcy. Many times, there is no single reason that pushes someone to push the reset button on their life. We have been practicing bankruptcy law in Minnesota since 1972, we have seen a thing or two about what causes people to need to push the reset button and get their lives back.
Constantly feeling like you are trying to catch up, while preventing yourself from falling further...
Are you searching for the Best Bankruptcy Lawyers in Apple Valley, Minnesota, but are afraid of...
If your financial situation is spinning out of control and you are no longer able to make your full...
A chapter 13 trustee will be assigned to your case when you file for bankruptcy. Think of the...
Two of the most common bankruptcy myths lead people to believe that you will lose everything you...
A discharge is a legal term used during bankruptcy and refers to the elimination of your liability...
Over the last three weeks I wrote about the ability of Chapter 7 debtors to access credit after...
To initiate the chapter 7 bankruptcy process you must file a petition. Along with this petition you...
Using a Bankruptcy Attorney to help you File a Chapter 13 Bankruptcy will be one of the best...
Your stress will begin to diminish the day you decide to file Chapter 7 bankruptcy. Taking action...
Filing for bankruptcy can give you a chance to start over financially. Knowing the correct...
Debt consolidation consists of combining all of your unsecured debt payments into one. This may...
If you live in or near Monticello, MN, and you are suffering from overwhelming debt, what is the...
The Minnesota Bankruptcy Process isn’t as scary, threatening or intimidating as many believe. In...
If you’re desperately seeking the Best Bankruptcy Lawyers in Anoka, Minnesota, you have two...
Let’s be clear, there are numerous causes of bankruptcy. Many times, there is no single reason that...
