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

    Filing Chapter 7 With Our Roseville MN Bankruptcy Lawyers

    Posted by Wesley Scott on October 26

    Are you struggling with overwhelming debt? Has it become too difficult to manage? If so, these struggles have probably taken toll on the rest of your life as well. When dealing with a major debt problem it can be very difficult to stay happy and focused. Fortunately, if you’re dealing with overwhelming debt right now there are a few easy ways out that our Roseville MN Bankruptcy Lawyers can help you with. One of the easiest, available to all who qualify, is a Chapter 7 Bankruptcy. In this article we will discuss the key components of a Chapter 7 Bankruptcy so that you can learn what to expect during the process and determine if Chapter 7 would be a good option for you.

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    The Nuts and Bolts of Filing Bankruptcy in Minneapolis

    Posted by Wesley Scott on October 24

    Ok, so you know you need to file for bankruptcy, but still want to know what’s going to happen to your debt?  More importantly, you want to understand what’s going to happen to your belongings?  Well, the annoying answer to these questions is “it depends.”  In Minneapolis, you are fortunate to have the option of using the rules provided for in the federal bankruptcy code or the benefits provided for under Minnesota Statute.  Depending on your specific situation, it may be more advantageous to use one set of rules over the other.  Before we dive into the discussion about your assets, we’ll take a look at what type of debts you can discharge through bankruptcy.

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    How Our MN Bankruptcy Lawyers Have Made Filing Bankruptcy Easier

    Posted by Wesley Scott on October 21

    Kain & Scott has been in existence since 1972. As Minnesota’s oldest Bankruptcy Law Firm, our MN Bankruptcy Lawyers have seen a thing or two about the Bankruptcy Process evolution that has taken place in Minnesota over the years. I can remember when I came aboard the firm in 1997, we would file bankruptcy cases with the bankruptcy court my mailing 3 copies of the petition and schedules to the bankruptcy court. You never knew which day was going to be your date of filing because you never knew exactly when the bankruptcy court would receive your package of copies.

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    5 Reasons Why Bankruptcy In Roseville Is Better Than Debt Consolidation

    Posted by Wesley Scott on October 17

    So you live in Roseville MN and you had one of the 5 events happened to you which resulted in overwhelming debt: 1) business failure; 2) income drop; 3) divorce or relationship break up; 4) medical problems; 4) bad financial decisions (we have all made them). You are stressed out because you are falling behind and you can’t keep up. That uneasy feeling of slowly drowning in debt, suffocating, and you can’t seem to pull out of it. If you are a human being you will feel your tummy churning and just a depression hanging over your head. 

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    Filing Bankruptcy In Minneapolis "Pro Se"

    Posted by Wesley Scott on October 15

    Bankruptcy is a well-established financial tool that has been a means of successful financial recovery and ongoing stability for many people all across Minneapolis.  Many Minneapolis residents will File Bankruptcy this year so that they can start 2017 with a fresh new financial start.  Among the many bankruptcies that will be filed a small percentage of them might be attempted to be filed “pro se” without the aid of an experienced Minneapolis Bankruptcy Lawyer.  Although it’s not required by law to retain a Bankruptcy Lawyer in order to File Bankruptcy in Minneapolis there are many advantages to doing so.

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    The Biggest Secret To Finding The Best Bankruptcy Lawyers in MN

    Posted by Wesley Scott on October 14

    You are sick of the financial chaos and uncertainty. You are tired of worrying about opening the latest onslaught of bills coming in. It’s time to do something about it. You have gone to a website that lays your choices out well- that is, how do you solve an overwhelming debt problem for good. You make the courageous decision to put your family first and your creditors second. You decide it’s time to get your life back and move on with living instead of constant worrying. You should be proud of yourself!

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    Learn What To Expect From Your Free Bankruptcy Consultation

    A Look At Filing Chapter 13 With Our Roseville MN Bankruptcy Lawyers

    Posted by Wesley Scott on October 12

    In Roseville, the vast majority of us don’t think to seek help from the strain of an overwhelming debt problem until it has eroded away so many great aspects of our lives. We’ll forgo home and automotive expenses just so that we can buy food and clothing. This “rob Peter to pay Paul” financial black hole can be very easy to fall into and even more difficult to climb out of. Unfortunately, usually by the time you think to turn to a Roseville MN Bankruptcy Lawyer for help you’re already left with nothing. In these circumstances Filing Chapter 7 Bankruptcy would generally be advised but what if you would have looked to Bankruptcy for financial relief at the onset of your struggles?

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    What It Feels like To File Chapter 7 Bankruptcy Before And AFter

    Posted by Wesley Scott on October 6

    How do people in Minnesota feel before they file a bankruptcy? If you are contemplating filing a Chapter 7 Bankruptcy in Minnesota, chances are you feel like a real pile of dog doo doo right now. The good news is how you feel before you file bankruptcy is not the same as how you will feel after you file bankruptcy.
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    The Plain Truth: How Filing Bankruptcy in MN Affects Your Credit

    Posted by Wesley Scott on October 4

    Like so many Minnesotans that call us every day, we hear one common concern over and over again. Minnesotans worry about how bankruptcy affects their credit score and credit life after the bankruptcy is filed. If you are contemplating Filing Chapter 7 Bankruptcy in Minnesota, but you just need a better handle on how bankruptcy affects your credit, here it is. The obvious question so many ask about their credit relates to their future dreams and ambitions.

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    MN Bankruptcy And How It Affects Our Future

    Posted by Wesley Scott on October 3

    Many Americans seek financial recovery each year through the liquidation proceedings involved with Chapter 7 Bankruptcy yet few are aware what Chapter 7 Bankruptcy involves.  In a Chapter 7 Bankruptcy any non-exempt assets the debtor possesses will be liquidated by the trustee as allowed within the US Bankruptcy Code and the revenue is to be divided among creditors based on the priorities set forth within the bankruptcy code.  The vast majority who seek relief through Chapter 7 Bankruptcy have no non-exempt assets to be liquidated or perhaps the cost and effort involved addressing these assets is deemed impractical by the trustee when compared to their potential value to creditors.  But what about our investments and our ideas; what about these seeds we have sown which may someday still bear fruit?  Where do they stand throughout the bankruptcy process?

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    How To Overcome The Fear Of Speaking To A MN Bankruptcy Attorney

    Posted by Wesley Scott on September 26

    You are like me. I am high anxiety and have unrealistic fears about different things. Most of us would have a normal fear about speaking to a bankruptcy attorney about a debt problem. Why? We humans have a problem with losing, defeat, and not paying our bills right? It causes us to be embarrassed, feel defeated, and just generally really crappy inside.

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    Filing Chapter 7 Bankruptcy in MN From Beginning to End

    Posted by Wesley Scott on September 21

    Chapter 7 Bankruptcybegins once an individual seeking debt relief files a petition with the Bankruptcy Court. Here in Minnesota all of our counties are divided up and assigned to a small number of divisional offices. For example, anyone residing within Hennepin County would file their Bankruptcy Petition with the Minneapolis office. There are also several other pieces of required information which will need to be submitted and reviewed in order for your bankruptcy to be approved and your debts discharged

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    What Does A Minnesota Chapter 7 Bankruptcy Trustee Do?

    Posted by Wesley Scott on September 19

    When you are digging into what a Chapter 7 Bankruptcy Trustee in Minnesota looks like, have you ever wondered who this person is and what on earth do they do? I am a veteran MN Bankruptcy Attorney and when I first started out many years ago, I wondered myself what the Chapter 7 Trustee does. If you file a Chapter 7 Bankruptcy in Maple Grove, Minnesota, or anywhere else in Minnesota the United States Trustee’s Office will assign a Chapter 7 Trustee to your Bankruptcy Case.

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    A Starter's Guide To Filing Bankruptcy In Minnesota

    Posted by Wesley Scott on September 16

    Beginning the process of filing bankruptcy can seem like an overwhelming task but at http://kainscott.com we have several great resources readily available to any Minnesotan seeking relief from their financial hardships.  Our team of expert MN Bankruptcy Attorneys are always happy to address any and all of your specific concerns because we always want to ensure that you are well-informed and comfortable throughout the process. 

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    The Truth Behind MN Bankruptcy

    Posted by Wesley Scott on September 14

    When many of us are asked to describe the type of people who we think Contact MN Bankruptcy Lawyers we often begin to apply very negative associations with what we view a bankruptcy debtor to be.  Many people believe those who seek debt relief through bankruptcy are irresponsible with their finances or indigent because of a lack of effort on their part to better their circumstances.  In Minnesota we take great pride in our earning ability, possessions and financial stability yet these things do not define who we are as individuals nor is anyone invulnerable to sudden financial hardship regardless of their prior success, finances or possessions. 

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    Top 3 Reasons To File Chapter 7 Bankruptcy In Minneapolis

    Posted by Wesley Scott on September 13

    So, you are sitting at home wondering about your debt right? You are wondering how it is that end the end of each paycheck you have no money left. By the time you make minimum payments on your credit cards and other expenses that’s it- money all gone. This is especially true if you have fallen into the pay day loan trap. I have been there myself when I was in college. You sell your soul to get a few bucks today but what you pay back is far more than you borrowed- it makes you physically sick just thinking about it.

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