Medical debt is something that will impact almost every American during their lifetime. It doesn’t matter if you have no insurance or your insurance doesn’t cover the full cost, medical debt can pile up fast. For this reason medical debt is fairly common in bankruptcy cases.
The housing market is always fluctuating between highs and lows. This makes it difficult for the average property owner to really know what their property is worth. If you are planning to file bankruptcy, you need to know your property’s value.
The answer is yes! When I am asked this question, I often respond with another question: Can you get a home loan or vehicle loan now without a co-signor or paying high interest? You see, here is the thing, future lenders don’t care about you paying your current debts. What future lenders really care about is are you going to pay them? This is the game. This is why you see dealerships and other lenders advertise things like, “filed bankruptcy?” “No problems”.
As a bankruptcy attorney, I hear all of the time I need to file a medical bankruptcy. Typically this means someone has an abundance of medical debt they want to file a bankruptcy for. Whenever I hear someone mention medical bankruptcy, I clarify, there is no such thing as a medical bankruptcy.
A chapter 13 bankruptcy is an awesome tool that allows people to get rid of most types of debt by allowing a person to pay as much as they can afford in a 3 to 5 year payment plan, after which they receive a discharge of their remaining debts. In addition to wiping out debt with the discharge, a chapter 13 bankruptcy is also a great tool that can enable people to get caught up on past-due car and home payments.
All year long there are reasons to spend money that may put you over your monthly budget. Whether this is from medical bills, home repairs, birthdays, holidays, or various other financial obligations, they put a strain on your finances.
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy, and debt – today let’s talk again about a more current topic: cryptocurrency.
You received the dreaded letter, stating “Notice of Intent to Evict”. Instead of panic, you have come to the right place to find an overview of how bankruptcy may be able to help.
Filing a chapter 7 bankruptcy case allows people who are struggling to pay their debts find financial relief. Anybody who is under the Minnesota State median income level for their household size can file a chapter 7 case.
Chapter 13 bankruptcy offers a structured path to debt relief for individuals facing financial hardship. One common question among potential filers in Minnesota is whether they can keep their bonuses and tax refunds during their Chapter 13 case. While the answer isn't a simple yes or no, understanding how bankruptcy treats these forms of income can help you plan your finances and make informed decisions.
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Under section 365 of the Bankruptcy Code, a debtor has a choice of either assuming or rejecting a lease while in a bankruptcy. If a lease is “assumed,” the debtor will retain the lease and remain responsible for their obligations under the terms of the lease.
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy, and debt – today let’s talk again about a more current topic: cryptocurrency. This post will continue to merely skim the surface of current cryptocurrency issues, for what it is worth. Today, let’s discuss some other scams in the industry.
A debtor filing for bankruptcy may be able to receive garnished wages back if they were garnished within the 90 day period before the bankruptcy case was filed, and if the amount was a total of $600 or more.
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy, and debt – today let’s talk again about a more current topic: cryptocurrency.
Automatic payments are very common, whether they are for a vehicle, mortgage, credit cards, or personal loans. When you file a bankruptcy you will either be advised that your automatic payments will stop after filing or you should make sure to stop them prior to filing, this advice depends on the creditor.
Filing a chapter 7 bankruptcy is a great way to provide needed financial relief for Minnesotans whom find themselves unable to manage their debts. In a chapter 7 bankruptcy case, the debtor (what you call a person whom files bankruptcy) receives a discharge within 3 to 4 months after filing their case, which eliminates the debtor’s legal liability to pay those debts forever.
Medical debt is something that will impact almost every American during their lifetime. It doesn’t...
The housing market is always fluctuating between highs and lows. This makes it difficult for the...
The answer is yes! When I am asked this question, I often respond with another question: Can you...
As a bankruptcy attorney, I hear all of the time I need to file a medical bankruptcy. Typically...
A chapter 13 bankruptcy is an awesome tool that allows people to get rid of most types of debt by...
All year long there are reasons to spend money that may put you over your monthly budget. Whether...
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy,...
You received the dreaded letter, stating “Notice of Intent to Evict”. Instead of panic, you have...
Filing a chapter 7 bankruptcy case allows people who are struggling to pay their debts find...
Chapter 13 bankruptcy offers a structured path to debt relief for individuals facing financial...
Under section 365 of the Bankruptcy Code, a debtor has a choice of either assuming or rejecting a...
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy,...
A debtor filing for bankruptcy may be able to receive garnished wages back if they were garnished...
Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy,...
Automatic payments are very common, whether they are for a vehicle, mortgage, credit cards, or...
Filing a chapter 7 bankruptcy is a great way to provide needed financial relief for Minnesotans...
