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.

 

    THE 40 HOUR WORK WEEK-PART 3

    Posted by Col Ovik on September 17

    Even if the studies show that reducing working hours per week is beneficial to both for employers and employees, how do we get there? The federal government-meaning your elected officials-will have to pave the way. Similar to the path of the 40 hour work week, and some states like California and Maryland have already proposed this legislation.

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    Bankruptcy 341 Hearing Basics in Minneapolis, Minnesota

    Posted by Amanda Scharber on September 14

    Your 341 hearing in a chapter 7 or 13 case, is typically about a month after filing and usually will take less than 10 minutes to complete. It is where the bankruptcy trustee in your case has a chance to verify your case information and ask questions of you. There are typically four main topics the bankruptcy trustee asks about. 

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    It’s 2024 and LifeBack Law Firm surpasses inclusion bankruptcy goals

    Posted by Wesley Scott on September 11

    It is now 2024, and where is LifeBack Law Firm today? In Jany, 2021, LifeBack Law Firm embarked on an aggressive initiative to promote diversity and inclusion within our ranks. In short, we set out to make LifeBack Law Firm a safe place for all humans to work and a safe place for all clients to come to get bankruptcy help. 

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    THE 40 HOUR WORK WEEK-PART 2

    Posted by Col Ovik on September 9

    The need to limit the working hours per week was a necessity, but why was the 40 hour work week selected as the standard? 

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    The Benefits of Bankruptcy in Minneapolis, Minnesota

    Posted by Amanda Scharber on September 6

    Filing a bankruptcy case may seem scary at first, but there are many benefits to keep in mind, if it is the route you take for your financial situation. 

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    WHY FILING CHAPTER 7 BANKRUPTCY IN MINNEAPOLIS WITH LIFEBACK LAW FIRM MAKES SENSE

    Posted by Wesley Scott on September 3

    Getting your life back is a wonderful event. I cannot tell you how many times our clients have thanked us so profusely for helping them get their lives back by filing Chapter 7 Bankruptcy. Yes, I know it takes courage to reach out for help. However, our former clients would tell you it is the best thing they ever did. Getting on the other side of a debt problem for good is amazing feeling.

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    To Jointly File Chapter 7 Bankruptcy or Not To in Minneapolis, Minnesota

    Posted by Amanda Scharber on September 1

    Just because you are married, does not mean you automatically need to file a joint bankruptcy with your spouse. 

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    Before Filing Chapter 7 Bankruptcy in Minneapolis, MN, Read About Assets You May Lose

    Posted by Wesley Scott on August 31

        Suppose you filed a Chapter 7 Bankruptcy in Minneapolis, MN. You have a lot of equity in your home so your attorney correctly uses the Minnesota Exemption scheme to protect your assets the best she can. I say the best she can because when using the Minnesota Bankruptcy Exemption scheme, we know not all of your assets will be protected. Why? Because the Minnesota Bankruptcy Exemption scheme is fairly rigid; your assets either fit neatly into a Minnesota Exemption or it does not. There is no “wild card” exemption as there is in the Federal Exemption scheme. 

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    The US Supreme Court Is Supremely Wrong on Affirmative Action and Protection for LGBTQ Communities

    Posted by Wesley Scott on August 29

    Recently, the US Supreme Court handed down two decisions that are morally, ethically, legally, and spiritually wrong. 

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    The 40 Hour Work Week-Part 1

    Posted by Col Ovik on August 25

    The 40 hour work week was signed into law in 1940 as part of The Fair Labor and Standards Act, but should society continue to allow this standard? To understand if the 40 hour work week should remain, we must first discuss the origin of the 40 hour work week, and how we came to accept this standard for the past 70 years. 

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    Chapter 7 Bankruptcy Filing Basics Easy to Understand

    Posted by Wesley Scott on August 21

        Filing Chapter 7 Bankruptcy can be a daunting prospect emotionally for many people. The Chapter 7 Bankruptcy filing basics should not be daunting to understand. Chapter 7 Bankruptcy, sometimes referred to as a “Fresh Start Bankruptcy” is like pushing a re-set button on your debts. One minute the debts are there and sometime later they are gone. 

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    Chapter 13 Bankruptcy Terms and What They Mean In  Minneapolis, Minnesota

    Posted by Amanda Scharber on August 18

    Chapter 13 bankruptcies are three to five years with a monthly payment plan where you restructure your debt. Depending on your case during a chapter 13 you may hear the following terms or phrases. 

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    The Great Recycling Scam

    Posted by Col Ovik on August 15

    Reduce, reuse and recycle. We have heard this mantra many times.  And the message is clear, continue consuming, and you can consume relatively guilt free, just recycle that old shampoo bottle and it will ultimately become part of someone’s tennis shoe or maybe new kid’s toy. An amazing feat, and what we know now, an amazing lie. 

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    Facts That May Surprise You About Bankruptcy in Minneapolis, Minnesota

    Posted by Amanda Scharber on August 12

    Bankruptcy is a vast area of law with many nuisances and interesting facts.

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    Chapter 13 Bankruptcy Requirements

    Posted by Col Ovik on August 9

    A Chapter 13 plan must meet the requirements of section 1325(a) to be confirmed. 11 U.S.C. § 1329(b)(1). Plan compliance is discussed in section 1325(a)(6). That section states that "the court shall confirm a plan if the debtor will be able to make all payments under the plan and to comply with the plan." 11 U.S.C. § 1325(a)(6).

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    Addiction and Bankruptcy in a Minneapolis, Minnesota

    Posted by Amanda Scharber on August 6

    Addiction is a disease and one that should not be treated lightly. At LifeBack Law, we have seen debt from all sorts of additions. Whether your addiction is gambling, drugs or alcohol, shopping, etc., we do not judge you we help you get your life back. 

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