When filing for bankruptcy, regardless of whether you are pursuing a Chapter 7 or a Chapter 13 filing, one of the first things your attorney will assist you with is creating a budget that will be filed with the court. This budget serves several purposes related to the bankruptcy, including determining the size of the payments that would be made in a Chapter 13 filing and helping to demonstrate eligibility for a Chapter 7 filing when viewed in conjunction with projected income.
Medical bills are our favorite thing to hate. With people in the US owing at least $220 billion in medical debt alone, nearly 41% of adults have some form of health care debt. When that debt becomes unbearable, many people consider bankruptcy a form of relief.
When you speak with an attorney about filing bankruptcy, the attorney is going to ask you what types of debts you have and if you have secured or unsecured creditors.
Nearly every day, potential clients ask whether filing bankruptcy means they will lose their house. These concerns are completely valid! Losing their home is panic-inducing, especially for those who own real estate during the market crash. Thankfully, there are ways to protect your home while filing for bankruptcy! Namely, exemptions.
Coming to Minnesota to get a fresh start? You’re not alone! Who can resist the beautiful nature, the friendly people, or the lack of sales tax on clothes?
When filing bankruptcy, you usually receive your discharge, and your case closes. But what happens if you find out your case is being reopened or you need to reopen it?
When we hear the word fraud, our minds turn to white-collar criminals, Ponzi schemes, and scam callers. However, one of the most common roadblocks in filing bankruptcy is a type of fraud people usually don’t expect: “a fraudulent transfer.” Today, we’ll look at “fraudulent transfers” and break down what they could mean for you.
When you file bankruptcy any party in interest to your case has the right to object. This blog will focus on objections in chapter 13 cases.
Bankruptcy isn’t a one-size-fits-all type of law practice; while this list will provide common reasons, there can be various other reasons why you may choose to file. If you have questions about bankruptcy or are wondering if you would benefit from filing, contact an attorney to schedule a consultation.
U.S.C. §109(e) governs an individual's eligibility to file a case under Chapter 13 of the Bankruptcy Code. Only an individual with regular income that owes, on the date of the filing of the petition, less than $2,750,000 may be a debtor under chapter 13 of this title.
Deciding whether you should file bankruptcy can be scary, stressful, and leave you feeling uncertain. When you file, you want an attorney who stands out and will be with you during the case. This blog will explore reasons why the attorneys at LifeBack Law stand out.
Here’s a riddle for our (home-owning*) readers: what do a snow blower, a riding lawnmower, and your precious family heirloom have in common?
Filing bankruptcy may have you thinking of your budget and what you spend on certain categories monthly or yearly. One of those categories may be your “fun” money or entertainment budget. It can be hard to find fun things to do, that are cheap or free. This blog explores ideas for free or cheap things you and your family can do, during bankruptcy.
So you’ve filed bankruptcy, and then suddenly, you receive a letter in the mail telling you a date and time for a “341 Hearing.” What gives?
Whether you are looking into filing bankruptcy or have done so, you may have heard filing bankruptcy will not discharge your student loans. While most student loans are not dischargeable in bankruptcy, there is a second step you can take during your case to determine whether your student loans are dischargeable in whole or in part. This step is called an adversary proceeding.
If you are reading this article, I’m sure you’ve heard numerous ads for debt relief programs. Debt relief programs encompass a range of strategies and services designed to help individuals and businesses manage and reduce their debt burdens. These programs may include debt consolidation, debt settlement, credit counseling, and bankruptcy assistance. Now, these are options for folks facing financial straits and do work for some people. However, this blog aims to present the key differences between a Chapter 13 bankruptcy and debt relief programs so that you have all the facts you might need.
When filing for bankruptcy, regardless of whether you are pursuing a Chapter 7 or a Chapter 13...
Medical bills are our favorite thing to hate. With people in the US owing at least $220 billion in...
When you speak with an attorney about filing bankruptcy, the attorney is going to ask you what...
Nearly every day, potential clients ask whether filing bankruptcy means they will lose their house....
Coming to Minnesota to get a fresh start? You’re not alone! Who can resist the beautiful nature,...
When filing bankruptcy, you usually receive your discharge, and your case closes. But what happens...
When we hear the word fraud, our minds turn to white-collar criminals, Ponzi schemes, and scam...
When you file bankruptcy any party in interest to your case has the right to object. This blog will...
Bankruptcy isn’t a one-size-fits-all type of law practice; while this list will provide common...
U.S.C. §109(e) governs an individual's eligibility to file a case under Chapter 13 of the...
Deciding whether you should file bankruptcy can be scary, stressful, and leave you feeling...
Here’s a riddle for our (home-owning*) readers: what do a snow blower, a riding lawnmower, and your...
Filing bankruptcy may have you thinking of your budget and what you spend on certain categories...
So you’ve filed bankruptcy, and then suddenly, you receive a letter in the mail telling you a date...
Whether you are looking into filing bankruptcy or have done so, you may have heard filing...
If you are reading this article, I’m sure you’ve heard numerous ads for debt relief programs. Debt...
