The MN Bankruptcy Blog | Learn the Bankruptcy Process & More (114)

Behind on Utilities? Here’s How a MN Bankruptcy Attorney Can Help

Posted by Erick Bohm on January 14

If you’re grappling with your finances and trying to stay afloat, it’s quite possible you have fallen behind on your utility bills. Well, if you have, you’re certainly not alone. When you’re living paycheck to paycheck, it’s tough deciding which bills you pay and which ones you don’t. Often times you take turns paying your debts. If you’ve fallen behind on utilities, don’t worry. When you file for bankruptcy we can make sure you’re protected from the past due amounts that are owed. After the bankruptcy, there may be a few things you have to do to keep your services, but we’ll talk about that too. The main thing I want you to know is, it’s all going to be ok. No matter what you’re faced with, we can help you manage the obstacles in front of you. Take a look at the scenario below and then read about how the MN Bankruptcy Attorneys at Kain & Scott helped Tony with his situation.

How to Find, Qualify and Get a Good MN Bankruptcy Lawyer Online

Posted by Margaret Henehan on January 13

For many of us one of the most difficult aspects of ending an overwhelming debt problem is knowing where to begin. If you use an internet search for Minnesota Bankruptcy Lawyers, you will find page after page on the internet of lawyers offering debtors the help that they need. Sometimes these lawyers can provide the traction you need to get your finances back on track, but how can you truly rest assured that you’ve found a good lawyer without taking a complete shot in the dark?

How Does a Bankruptcy Discharge Affect My Debt?

Posted by William Kain on January 12

The short answer to this question is that a bankruptcy discharge eliminates your debt. According to Bankruptcy Basics, an overview of the United States Bankruptcy Code, a bankruptcy discharge “releases debtors from personal liability from specific debts and prohibits creditors from ever taking any action against the debtor to collect those debts.” Whatever debts are discharged when you file chapter 7 or chapter 13 bankruptcies will be removed from your life, forever.

How Kain & Scott's MN Bankruptcy Attorneys Helped Protect Nickie

Posted by Erick Bohm on January 11

First, let me tell you a little bit about Nickie. In one word – Wow! She is an extremely impressive, hardworking, mother. She works three jobs and has a teenage daughter at home. Can you imagine having to work three jobs, raise a teenager by yourself, and still pay off your debts?! Yikes! Despite Nickie’s tenacity, she fell victim to overwhelming debt. She made every effort to pay off her debts, but finally reached “the point”. If you reach “the point” when it comes to your debt, you’ll know exactly what I’m referring to. Nickie started receiving court summons in the mail that eventually turned into judgments. As she knows, the next step is wage/bank garnishment. Once that happens, the creditors will start taking up to 25% of her paychecks. Our MN Bankruptcy Attorneys simply could not let this happen.

How Kain & Scott's MN Bankruptcy Attorneys Helped Mike Get His Life Back

Posted by Erick Bohm on January 10

Recently, a man Mike approached our experienced MN Bankruptcy Attorneys at Kain & Scott with concerns about his paychecks being garnished. No fault of his own, Mike fell severely behind on medical bills after having surgery about a year ago. Because of the type of surgery, Mike has been unable to work a full 40 hour week since. Before the surgery Mike was an experienced electrician making very good money. Unfortunately, his surgery has prevented him from performing his trade as he once did. Since the surgery, Mike has only been able to earn about 30% of what he once did.

What are my debt consolidation options?

Posted by Wesley Scott on January 6

Debt is stressful, no matter what caused you to fall and lose control of your finances. Whether or not it was poor financial decisions or an unexpected medical emergency that began your spin out of control, debt needs to be handled as soon as it becomes a situation.

Learn What To Expect From Your Free Bankruptcy Consultation

How Your Tax Debt and Bankruptcy Can Work Together

Posted by William Kain on January 5

Quite often, people considering bankruptcy have tax problems in addition to debt problems. They are surprised to learn that bankruptcy can also offer relief from income tax liability.

A Day In The Life With A Minneapolis Bankruptcy Attorney

Posted by Wesley Scott on January 4

Are you finding it increasingly difficult to keep your head above water with your finances? If so, you’re not alone. Thousands of hardworking people in Minneapolis struggle with overwhelming debt, each and every day. Often times it can feel like you’re alone but don’t let the illusion that everyone around you is managing their money efficiently, fool you.

Filing for Chapter 13 Bankruptcy vs. Debt Consolidation

Posted by Wesley Scott on January 4

Struggling with credit card debt is stressful and confusing. But it doesn’t have to be. There are options to consolidate your debt, including filing for Chapter 13 Bankruptcy. Why choose Chapter 13 over hiring a debt consolidation company? Chapter 13 allows you to put you and your family ahead of the creditors.

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Common Misconceptions About Bankruptcy

Posted by William Kain on January 3

For someone struggling with debt, bankruptcy may be a choice. It can offer the chance to wipe the financial slate clean, to get a new start. But how do you know if it’s right for you and which bankruptcy option do you choose? There is a lot of information out there and not all of it is true. Here are three common misconceptions that our MN Bankruptcy Attorneys often hear and it’s about time that they were cleared up.

How Our Minneapolis Bankruptcy Attorneys Know What Chapter To File

Posted by Wesley Scott on January 2

It all seems like greek to me right? Should I file a chapter 7 or chapter 13 bankruptcy? Which one makes the most sense for me? Which one is better for me? Isn’t there an easy way to tell?

Top 16 Myths About Bankruptcy

Posted by Wesley Scott on January 2

You know all those bad things you’ve always heard about bankruptcy. Most of them are NOT TRUE! Here are the top 16 myths aout bankruptcy your creditors want you to believe and reasons why each is NOT TRUE.

3 Ways To Talk To A Minneapolis Bankruptcy Lawyer Almost Instantly

Posted by Wesley Scott on December 30

We are in an age of consumer convenience. Consumers insist on meeting/speaking with professionals in much more convenient ways than yesteryear. I want to be very clear, I still think a face to face meeting is the best way to meet with a bankruptcy attorney.

What Creditors Won't Tell You That Our MN Bankruptcy Lawyers Will

Posted by Wesley Scott on December 29

Have you ever wondered why there is such a stigma associated with bankruptcy? After all, companies file bankruptcy all the time and reorganize themselves to live another day. The number of companies that have filed bankruptcy only to rise out of the ashes of debt are way too numerous to even mention.

How To Rebuild Your Credit After Filing Bankruptcy In Minneapolis

Posted by Margaret Henehan on December 28

Here at Kain & Scott our professional, kind and helpful team of Minneapolis Bankruptcy Lawyers are truly honored to help each and every one of our clients get their lives back. Our client satisfaction and peace of mind is our top priority which is why we strive to continuously build upon our reputation as the nicest (most kind and helpful) Bankruptcy Law Firm in Minneapolis and the greater Twin Cities area. We know that the Bankruptcy Process doesn’t end with filing your case, so here’s some helpful information to give you a better understanding of how to begin rebuilding your credit score after you’ve received your discharge.

Consumer Credit Counseling Improves Post-Debt Financial Management

Posted by William Kain on December 27

In October of 2005 the new bankruptcy law, Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, added a credit counseling and financial management requirement. So, if you file bankruptcy today you are required to complete two financial management courses that will help you get your life back on track after your debt is discharged. Those courses include: