One of the most less-common questions people ask before their 341 Hearing is, what should I wear? For many, court appearances are not a daily occurrence, so it is completely normal question to have while preparing for the next step in your case. 

  In a nutshell, the bankruptcy petition is a collection of legal documents that explain who you are, what you have, who you owe, what you make and spend in an average month, as well as your recent financial history. These legal documents are separated into sections called schedules, and the complete collection of schedules is what makes up the petition.

  If you're considering filing for bankruptcy in Minnesota, you might wonder if you need to go to court for the case. The short answer is not necessarily, but there is a hearing you attend! 

Many Americans are dealing with student loans. While the standard for the discharge of student loans has changed, it is likely still not a dischargeable debt for many people who file bankruptcy. It is very difficult to wipe out student loans in a bankruptcy.

Filing a chapter 7 bankruptcy is a great tool to get a fresh financial start, but many people don’t know where to begin. Here at LifeBack Law Firm, we streamline the process to make filing a chapter 7 as easy as possible for the client! Below is the typical process from start to finish, so you have an idea what to expect when taking this step.

At Lifeback Law, we’ve streamlined the bankruptcy process into a well-oiled system, with many small parts working together to keep everything simple and efficient. When you sign up, you’ll meet several members of our team, each playing an important role in guiding you through the process. Here’s a breakdown of our support staff at Lifeback Law:

Let’s face it: being in debt is anxiety-inducing. If you pair financial anxiety with the complicated emotions of considering filing a bankruptcy, the stress can feel insurmountable. At LifeBack Law Firm, we can help you navigate through bankruptcy filing and alleviate financial stress, but self-care is also crucial to navigate through anxiety. It can be hard to know where to start with self-care, but sometimes it’s as easy as sitting down with a cup of tea. I have included my grandmother’s favorite spiced tea recipe below, and I hope it gives you comfort!

Many Americans are dealing with student loans. While the standard for the discharge of student loans has changed, it is likely still not a dischargeable debt for many people who file bankruptcy. It is very difficult to wipe out student loans in a bankruptcy.

Many people who are dealing with debt often fall into the trap of only making the minimum payments on their debts. While making minimum payments keeps your account in good standing, it is important to understand the long-term effects of only making the minimum payments. There are several reasons why only making minimum payments can affect you long-term. 

     If you are filing bankruptcy in Minneapolis, Minnesota, be careful of this! Many firms can file your bankruptcy but only one firm takes you the whole way. For example, while a bankruptcy discharge can get rid of your liability on debts, it does not erase the public record. For instance, say you have a 10k judgment against you. When the bankruptcy is discharged, your liability for the judgment (in most instances) is gone forever. However, the judgment itself remains a part of the public record until it is removed.

For anyone who may be struggling with overwhelming or unmanageable debt, it is not uncommon to hear from debt collectors while navigating the process of resolving your debt situation.  Some collectors can at times employ coercive or aggressive tactics to pursue debts by calling, texting or even filing lawsuits in their effort to collect.  Dealing with debt collectors can be a scary or stress inducing situation, and it is very natural to wonder what your potential options might be to help defend against their actions.  One of the first things that people will consider when pondering on this is whether bankruptcy is a potential option to help.

If you are considering filing for bankruptcy, you may have heard of the 341 Hearing. Clients often ask us about this step, and it's an excellent question — understanding the 341 Hearing helps clarify what happens after your case is filed.

Financial hardships while dealing with a disability can be overwhelming. Many people rely on disability benefits to meet their needs. If you are receiving disability benefits you may be wondering if your benefits will be affected by filing bankruptcy. The good news is that most disability benefits provided by a governmental source are protected during a bankruptcy. This includes social security and social security benefits. Disability benefits provided by the Veterans Administration are also protected. This means that you will not lose your benefits because you filed a bankruptcy. This also means that any funds traceable to your benefits will also be protected.

When contemplating the possibility of a Chapter 7 bankruptcy filing, one of the first things that anyone will typically contemplate is what exactly this process will involve.  You might wonder which debts are resolved through Chapter 7, as well as how they are dealt with and what timeline this occurs on.  You might also wonder what the timeline of the bankruptcy filing looks like generally, as well as whether any appearances are necessary, and what the court might expect you to do post-filing.  Herein, we shall analyze and answer these questions.  

There’s nothing wrong with doing a little research. However, sometimes a little research turns into a lot of anxiety. We’ve all been down that rabbit hole, where googling a seemingly innocuous medical question turns into being convinced you have forty-eight hours left to live.