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.

 

    Do Debt Consolidation Loans Actually Work?

    Posted by William Kain on July 16

    There are many situations in which debt consolidation loans can be used and applied. In some situations a debt consolidation loan will benefit your financial situation, and in others it will not. Determining the best solution suited for your specific situation can be tricky, and I highly recommend discussing with a legal professional or financial advisor before taking action.

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    Pros and Cons of Bankruptcy, from a Filer's Perspective

    Posted by William Kain on July 15

    Nancy*, one of my previous clients, went into her bankruptcy kicking and screaming. Here is how she tells her story today: Filing a bankruptcy case was the last thing I wanted to do, but I had lost my job and the bills began to pile up. There was no end in sight. I hated imagining what my parents, neighbors, co-workers and friends would think when they found out that I filed bankruptcy. I tried to find another way out of debt; however, nothing I tried helped and some solutions even made the situation worse.

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    How Does Debt Consolidation Work?

    Posted by William Kain on July 14

    Debt consolidation can be a very confusing concept. Generally speaking, debt consolidation works by combining all of your debts into one payment, often extending your repayment period, resulting in an increased total amount paid. There are four options commonly sought by those looking to get out of a difficult financial bind through debt consolidation and each works in its own way.

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    6 Steps To Getting Your Life Back Through Bankruptcy in MN

    Posted by Erick Bohm on July 13

    When was the last time you sat down and asked yourself, “how did I get here”? Chances are you say this to yourself all the time, but, truly, when was the last time you sat down and forced yourself to answer the question? If you’re like most people, you don’t spend much time with self-reflection. Self-reflection is incredibly important so you can truly understand the situation you’re in, how you got there, and how to get you where you want to be.

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    Finding The Best Bankruptcy Lawyers in Minneapolis, MN

    Posted by Kelsey Quarberg on July 11

    Do your finances need a boost to get back into shape? Does your credit score need to be re-energized? Are you searching for the perfect Minneapolis Bankruptcy Lawyer to give you a complete financial makeover?

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    Conquoring The Quest For The Best Bankruptcy Lawyer in Roseville, MN

    Posted by Wesley Scott on July 10

    Has your family outgrown your current house? Is your car in need of major repairs? Have you been turned down for a new home, car, or other financing because of your credit? If you’re in debt, you’re not alone: as of 2016, the United States had $764 billion in credit card debt, $8.63 trillion in mortgage debt, and $1.16 trillion in auto loan debt. These staggering numbers show that the average American is drowning in debt.

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    Learn What To Expect From Your Free Bankruptcy Consultation

    Should I File Bankruptcy In MN?

    Posted by Wesley Scott on July 7

    If you’re asking yourself this question, you may feel like you’re literally drowning in debt. You struggle to keep your head above water, but in fact, you’re barely staying afloat. If you’re feeling this bogged down with stress over debt, it’s time to take action. Consider the many benefits of filing a Chapter 7 bankruptcy. Many people dread the very thought of filing for bankruptcy, when in fact it is a positive way out to get a fresh start. Do not feel like a failure; you’re doing the right thing.

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    8 Pros and Cons of Bankruptcy

    Posted by William Kain on July 6

    If you are struggling with debts and dealing with creditor harassment, you are not alone. Many Americans are facing the same situation because they are unable to meet their financial obligations due to the loss of a job, a medical illness or the loss of a spouse. Whatever the reason, stress from unpaid bills is draining both emotionally and physically.

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    High Interest Breaking Your Bank? Here’s How Chapter 13 Bankruptcy Can Help

    Posted by Erick Bohm on July 5

    Have you recently bought a new car for a good deal then got bogged down by a high interest rate? If so, you’re not alone. Many of our clients come to us with incredibly high interest rates on vehicles. This is because lenders know everyone needs a vehicle and in most places, especially outside of major metropolitan areas, public transportation is very sparse. So, regardless of credit they'll still give you a loan, but if you've got bad credit they'll take you to the cleaners in interest. When this happens, it usually doesn’t matter how good of a deal you got, here's why:

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    Get Debt Free through These Types of Bankruptcy

    Posted by Wesley Scott on July 3

    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.

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    Get Debt Free With Brooklyn Park, Minnesota's Nicest Bankruptcy Law Firm

    Posted by Erick Bohm on July 2

    Are you ready to seize your financial independence from debt in Brooklyn Park, Minnesota, this Fourth of July?
    Independence Day is here and, in addition to fireworks, cookouts, and family, the holiday has many Americans considering the true meaning of independence. Sure, you may have your own house, car, job, and lifestyle, but are you really independent? Or are you shackled by the weight of outstanding debt?

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    Avoid Bad Apples: Best Bankruptcy Lawyers in Apple Valley, MN

    Posted by Wesley Scott on July 1

    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.

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    How Do I Reduce My Minimum Payment to Creditors?

    Posted by Wesley Scott on June 30

    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.

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    How To Find The Best Bankruptcy Lawyers In Minneapolis, MN

    Posted by Margaret Henehan on June 29

    Is debt going to ruin your summer in Minneapolis, Minnesota?

    Summer is officially here and with it comes all the joys of the season: barbecues, swimming, fireworks, vacations, family gatherings, camping, and all the other favorite pastimes that come when the temperature rises. The kids are home from school, the days are longer, and the air is heavy with possibilities and promise.

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    The Role of a Chapter 13 Trustee in Your Bankruptcy Case

    Posted by Wesley Scott on June 28

    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.

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    MN Bankruptcy: Finding The Best Bankruptcy Lawyer In Champlin

    Posted by William Kain on June 27

    Are you in danger of drowning in debt in Champlin, Minnesota? Do you think bankruptcy is the lifeline you need to save yourself from being swept away by thousands of dollars in unpaid balances?

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