
Filing Chapter 7 Bankruptcy in Minneapolis, MN Improves Your Credit; Here Is Why
Suppose you live in Minneapolis, MN and you have 30k in credit card debt and 10k in medical debt.
Posted by Wesley Scott on November 22
Posted by Wesley Scott on November 20
Some people think a bankruptcy attorney is a bankruptcy attorney and they could not be more wrong. I have been in this business for 25 years and I can tell you I have seen some things that would make your blood boil.
Posted by Wesley Scott on November 15
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy, and debt – today we continue to discuss public benefits in the 21st century by turning to food assistance and benefits aimed at needy families and children.
Posted by Wesley Scott on November 13
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy, and debt – today we continue to discuss public benefits in the 21st century. Finally, we finish off our round up of public benefits by discussing workers’ compensation and unemployment benefits.
Posted by Wesley Scott on November 5
When a person files a chapter 7 bankruptcy case, they must make a decision as to what they intend to do with their existing secured vehicle loans. Bankruptcy eliminates the debtor’s personal legal responsibility to repay a vehicle loan but does not eliminate the lender’s lien against the vehicle. Therefore, when a debtor files a chapter 7 case, they must choose whether to keep the vehicle and pay for it, or stop making payments, and surrender the vehicle back to the lender.
Posted by Wesley Scott on November 4
Saint Paul is one of the greatest cities in the world in which to live. I know I may be biased due to the fact that I was born here, and now live here again, but I strongly believe any objective out-of-towner who relocates here would agree! Just because the city Saint Paul itself is a great place to live doesn’t mean that one’s particular apartment here is the best place in which to live. Sometimes, people simply find themselves stuck in a bad lease they wish they could do anything to get out of. There is one solution to this problem. You can file for bankruptcy (never saw that one coming, huh?).
Posted by Wesley Scott on November 2
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy, and debt – today we continue to discuss public benefits in the 21st century. Thus far, we have been picking and choosing public benefit programs to discuss based on whether they provide a true monetary benefit, but there are so many public benefit programs that offer funds or necessities. Now, we will discuss some public housing benefits.
Posted by Wesley Scott on October 26
Once a creditor files a lawsuit and gets the court to enter a judgment against a person for they can then take action against that person to collect on the judgment. One of the ways a creditor can collect on their judgment is by garnishing the person’s wages. In Minnesota, a creditor may garnish up to 25% of a person’s net pay (the money they actually take home after deductions, like taxes, are taken out of their paycheck). This can cause a significant hardship to that person’s financial circumstances, especially if a person is already struggling to make ends meet and is living paycheck to paycheck.
Posted by Wesley Scott on October 19
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy, and debt – today we continue to discuss public benefits, specifically social security and other 20th century public benefits.
Posted by Wesley Scott on October 18
It’s easy to fall behind on car or mortgage payments, especially with the challenging economic times we now find ourselves in. Falling behind on these payments can lead to one’s car being repossessed or a foreclosure upon one’s home. Creditors are often not easy to deal with, and frequently, many people find themselves in a position where they are unable to negotiate with the creditor to avoid losing their home or car. However, these people are not helpless. There is a tool available to help them and it’s called bankruptcy. A chapter 13 bankruptcy, in particular, is designed to allow people who fall behind on car or home payments to get caught back up with a court-approved repayment plan.
Posted by Wesley Scott on October 14
Thousands of Minneapolis, MN residents contemplate filing Chapter 7 Bankruptcy each year. The inevitable question that arises is how will filing a Chapter 7 Bankruptcy in Minneapolis, MN affect my credit score? It is a respectable question and one that I would want to know the answer to myself. So many people think if you file Chapter 7 Bankruptcy, your credit score is sort of doomed forever. Not true at all. In fact, in many instances, it is just the opposite.
Posted by Wesley Scott on October 9
Cars depreciate in value quickly. Your car may have been your pride and joy when you first drove it off of the dealership lot. However, after many miles of wear and tear, you may feel differently. It is not uncommon for people to find themselves in a position in which their vehicle is worth much less than what they still owe on their car loan. This is not surprising when you consider the amount of interest the car loan lenders make you pay (and don’t get me started on all those extra fees the dealerships like to throw in). However, there is a solution to that expensive eyesore taking up space in your driveway. You guessed it! You can file a personal bankruptcy case.
Posted by Wesley Scott on October 7
Summer in Saint Paul is a thing of beauty. Everywhere you look, there’s trees, rich foliage, and lots of flowers. The weather is typically sunny and warm, but not too hot. The city is full of people engaging in outdoor activities such as boating, swimming, jogging, and playing in the park. However, one of the best things about the summertime in St. Paul is the sports.
Posted by Wesley Scott on October 3
LifeBack Law Firm is Minnesota’s most kind and helpful bankruptcy law firm. We recently opened up a new location right where you live in Minneapolis, MN! We are now located at 310 E 38 Street, Suite 111, Minneapolis, MN 55409. We are just south of downtown Minneapolis and located on a bus line with plenty of free parking. If you live in Minneapolis, and you are suffering from overwhelming debt, and you need to file bankruptcy and get your life back, look no further than LifeBack Law Firm. LifeBack has been protecting Minnesotans from their creditors since 1972, and we can protect you too.
Posted by Wesley Scott on October 1
It is the age-old question isn’t it? What effect does filing Chapter 7 Bankruptcy have on my credit? It’s not what you think and here is why. Suppose you say to me, I have 50k in credit card debt and I have fallen behind on my payments. The credit card companies have not sued me yet but I am in default on all my payments and I am starting to hear from collection agencies. We all know collection agencies are the last stop before you get sued and your wages garnished and accounts levied by creditors.
Posted by Wesley Scott on September 28
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy, and debt – today we discuss public benefits, which are today are generally couched as welfare.
Suppose you live in Minneapolis, MN and you have 30k in credit card debt and 10k in medical debt.
Some people think a bankruptcy attorney is a bankruptcy attorney and they could not be more wrong....
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy,...
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy,...
When a person files a chapter 7 bankruptcy case, they must make a decision as to what they intend...
Saint Paul is one of the greatest cities in the world in which to live. I know I may be biased due...
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy,...
Once a creditor files a lawsuit and gets the court to enter a judgment against a person for they...
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy,...
It’s easy to fall behind on car or mortgage payments, especially with the challenging economic...
Thousands of Minneapolis, MN residents contemplate filing Chapter 7 Bankruptcy each year. The...
Cars depreciate in value quickly. Your car may have been your pride and joy when you first drove it...
Summer in Saint Paul is a thing of beauty. Everywhere you look, there’s trees, rich foliage, and...
LifeBack Law Firm is Minnesota’s most kind and helpful bankruptcy law firm. We recently opened up a...
It is the age-old question isn’t it? What effect does filing Chapter 7 Bankruptcy have on my...
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy,...
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