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.

 

    Filing Chapter 7 Bankruptcy in Minneapolis, MN Improves Your Credit; Here Is Why

    Posted by Wesley Scott on November 22

    Suppose you live in Minneapolis, MN and you have 30k in credit card debt and 10k in medical debt.
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    Filing Bankruptcy in Minneapolis-Refrain From Concealing Assets

    Posted by Col Ovik on November 21

    Bankruptcy is designed to give an honest debtor a fresh start. The fresh start is accomplished through the discharge, but a discharge is not a right, but a privilege. While the denial of a discharge is an extreme penalty, inappropriate conduct by a debtor can justify the denial of the discharge. 

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    Looking for a Chapter 7 Bankruptcy lawyer in Minneapolis, MN? Watch out for this

    Posted by Wesley Scott on November 20

    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.

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    Student Loan Debt and Bankruptcy in Minneapolis

    Posted by Col Ovik on November 19

    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? 

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    Bankruptcy Filing Process in Minneapolis, Minnesota

    Posted by Amanda Scharber on November 18

    Filing bankruptcy in Minneapolis, Minnesota with LifeBack Law is a straight forward process. This is because we do not make clients fill out tons of worksheets, we pull your credit report for you, and we have a 90 day credit repair program after you receive your discharge.
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    The Bankruptcy Estate in Minneapolis

    Posted by Col Ovik on November 16

    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. 

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    Public Benefits and bankruptcy in Minneapolis, MN #5

    Posted by Wesley Scott on November 15

    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 by turning to food assistance and benefits aimed at needy families and children.

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    Facing an Eviction Proceeding in St. Paul, MN? A Chapter 13 Bankruptcy Will Help.

    Posted by Danielle Lin on November 14

        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.

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    Public Benefits and bankruptcy in Minneapolis, MN  #6

    Posted by Wesley Scott on November 13

    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.

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    Receiving a Bankruptcy Discharge in St. Paul, MN

    Posted by Danielle Lin on November 12

        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.

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    Filing Bankruptcy in Minneapolis, Minnesota? Here is a Budget Friendly Recipe

    Posted by Amanda Scharber on November 11

    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. 

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    Budgeting in Minneapolis, Minnesota

    Posted by Amanda Scharber on November 9

    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.

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    Avoiding the Crime of Concealment When Filing For Bankruptcy in St. Paul, MN

    Posted by Danielle Lin on November 8

        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.

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    Is My Bankruptcy Public Information in Minneapolis, Minnesota?

    Posted by Amanda Scharber on November 7

    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. 

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    Receiving a Bankruptcy Discharge in St. Paul, MN

    Posted by Danielle Lin on November 6

        A bankruptcy discharge is the statutory forgiveness of liability for the balance of a debtor’s obligations that are not reaffirmed or otherwise satisfied in a bankruptcy case. For most debtors, the bankruptcy discharge is the primary reason and motivation for filing for bankruptcy. The bankruptcy discharge promotes the fresh-start policy of the United States bankruptcy laws. It frees honest debtors from financial burdens. The receipt of a bankruptcy discharge is a privilege that is subject to limitations that balance the fresh start against other policies served by the Bankruptcy Code.
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    Keeping a Vehicle by “Redeeming” it in a Chapter 7 Bankruptcy in Saint Paul, Minnesota

    Posted by Wesley Scott on November 5

    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. 

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