Some people think a bankruptcy attorney is a bankruptcy attorney and they could not be more wrong. I have been in this business for 25 years and I can tell you I have seen some things that would make your blood boil.

The student loan debt crisis in America has been a growing issue for years, but recently those suffering from student loan debt received a big win. President Biden announced a forgiveness of some student loan debt for eligible borrowers. Although, for many Americans the amount of the forgiven debt will be just a drop in the bucket in relation to the overall amount of their student loan debt. But what or who can help a struggling debtor with the remaining student loan debt? Can it be discharged in a bankruptcy? 

Property of the bankruptcy estate includes all legal or equitable interests of the debtor in property at the time the case is filed. Section 541(b) of the bankruptcy code provides a list of exclusions from property of the bankruptcy estate, and 11 U.S.C. § 522 provides exemptions that apply to property of the bankruptcy estate. 

Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy, and debt – today we continue to discuss public benefits in the 21^st century by turning to food assistance and benefits aimed at needy families and children.

    Monthly living expenses can be high, especially rent. If you cannot keep up with rent payments, eventually your landlord could begin a formal process of removing you from your house or apartment; this is known as an eviction. A Chapter 13 bankruptcy can be helpful in stopping the eviction process. Under section 362(b)(22), a landlord may continue an eviction proceeding against a debtor to obtain possession of residential property, but only if a judgment was obtained against the debtor before the filing date.

Welcome back to our series of blog posts on the history and philosophy of the economy, bankruptcy, and debt – today we continue to discuss public benefits in the 21st century. Finally, we finish off our round up of public benefits by discussing workers’ compensation and unemployment benefits.

    A bankruptcy discharge provides the debtor with a fresh start. It is a court order that releases a debtor from personal liability for certain types of debts that were incurred pre-bankruptcy or pre-petition. Once a bankruptcy discharge issued, the debtor is absolved of any obligation to repay their debts. The bankruptcy discharge voids personal liability on judgments and acts as a permanent injunction against any act to collect a discharged debt as a personal liability of the debtor. The bankruptcy discharge applies only to debts.

Whether you have filed for bankruptcy already or are considering filing, you may be wondering what budget friendly recipes are out there to feed your family. 

Before filing bankruptcy in Minneapolis, Minnesota, your bankruptcy attorney will review your entire case with you. They will go through assets, debts, income and expenses, and financial transfers.

    Bankruptcy was designed to be a remedy, to help people who would like assistance and guidance to be in a better financial situation. The bankruptcy system was created to provide honest debtors a fresh start. Therefore, Congress enacted bankruptcy fraud and related statutes to deter and punish those who commit bankruptcy fraud. One of the more commonly charged bankruptcy fraud provisions is 18 U.S.C. §152(1), which makes it a crime for a debtor to “knowingly and fraudulently” conceal estate assets from the court, the trustee, or creditors.

Technically, every bankruptcy case is public information after it has been filed. This is because all case filings go to the United States Bankruptcy Court website and can be accessed through Pacer. Although the case is public information and anyone can find a bankruptcy case and the documents filed within the case, there are steps you have to take to access this information. 

When a person files a chapter 7 bankruptcy case, they must make a decision as to what they intend to do with their existing secured vehicle loans. Bankruptcy eliminates the debtor’s personal legal responsibility to repay a vehicle loan but does not eliminate the lender’s lien against the vehicle. Therefore, when a debtor files a chapter 7 case, they must choose whether to keep the vehicle and pay for it, or stop making payments, and surrender the vehicle back to the lender. 

    Saint Paul is one of the greatest cities in the world in which to live. I know I may be biased due to the fact that I was born here, and now live here again, but I strongly believe any objective out-of-towner who relocates here would agree! Just because the city Saint Paul itself is a great place to live doesn’t mean that one’s particular apartment here is the best place in which to live. Sometimes, people simply find themselves stuck in a bad lease they wish they could do anything to get out of. There is one solution to this problem. You can file for bankruptcy (never saw that one coming, huh?).

LifeBack Law Firm, Minnesota’s largest, nicest, and most helpful bankruptcy law firm, has recently opened a new office location in the heart of the Cathedral Hill neighborhood in St. Paul, Minnesota. Our modern, quaint, and historical St. Paul office is surrounded by trendy restaurants, such as Moscow on the Hill, Handsome Hog, and W.A. Frost. All of these restaurants are conveniently located next to, and just across the street from, our St. Paul office. Come see us at 370 Selby Ave Suite 224, St. Paul, MN 55102, and grab a bite to eat at one of these posh restaurants.