Even though the economy in Maple Grove is strong, some residents experience financial problems that require the assistance of a Maple Grove bankruptcy attorney. Some life events that may result in a financial crisis include:
When a person suffers one of these life events, it is easy to get behind on bills. It only takes a few months of falling behind on payments to make it difficult to catch up on delinquent bills. In some cases, the person may never fully recover from the financial crisis. If this is the case, a Chapter 7 bankruptcy allows that person to discharge his or her debt for a fresh start. If the person is able to recover from the financial crisis but is unable to catch up on their bills, a Chapter 13 case will give the person the ability to reorganize his or her debts into a manageable plan.
In some cases, a person may need to file bankruptcy because he or she did not know how to manage their money wisely. We all make poor financial decisions at times; however, sometimes those decisions result in serious debt problems. When this happens, you want a Maple Grove bankruptcy attorney who will not judge you and who will offer solutions to your debt problems so that you can get back on your feet.
With 47 years of bankruptcy experience in the St. Cloud area, Kain & Scott felt the need to expand their services to the Twin Cities region. When a person is facing bankruptcy, they want a kind, experienced bankruptcy attorney who does not pass “judgment” but instead provides affordable options to resolve their debt problem. Kain & Scott wanted to fill that need that was missing.
The Maple Grove bankruptcy attorneys of Kain & Scott understand that sometimes debt gets out of hand before a person realizes it. Bankruptcy law does not pass judgment – it is available for any person who needs debt relief regardless of the reason why that person is in debt.
If you are facing a foreclosure, repossession, collections lawsuit, or wage garnishment, filing bankruptcy will stop all collection efforts and give you the relief you need. When your bankruptcy case is filed, creditors are prohibited from beginning or continuing any collection efforts. Creditors may not contact you or attempt to collect a debt that is included in your bankruptcy. Once the bankruptcy case is closed, you are no longer legally liable for the repayment of a discharged debt. Furthermore, filing bankruptcy can protect your future income and your assets from creditors.
Filing a bankruptcy case gives you the ability to have a clean slate to begin rebuilding your finances for your future in addition to relieving your debt problems. Our Maple Grove bankruptcy attorneys will discuss the benefits of bankruptcy in greater detail during your free bankruptcy consultation.
If you are struggling with bills you cannot pay, sign up for a free bankruptcy consultation to determine if filing bankruptcy is the best way to resolve your debt problems. We will discuss all available consumer debt solutions to help you reach a decision that is in your best interest. For more information about what to expect during your bankruptcy consultation, download a copy of our free Bankruptcy Consultation eBook.