A debtor must complete an instructional course in personal financial management in order to receive a discharge. This is commonly referred to as, the second credit counseling course. 

 At LifeBack Law, we strive to communicate promptly and leave no client feeling unheard. We make sure the client is informed during their case, is responded to, and, more importantly, is listened to. 

The assets of a debtor need to be disclosed to the bankruptcy court, but sometimes, it is not clear to a debtor what is considered an asset. An asset is not only the tangible property of the debtor—real estate, vehicles, boats, funds in your bank account, stocks—but also the debtor's intangible assets. Intangible assets are patents, copyrights, client lists, contracts, or the right to receive. 

Receiving notice of a pending eviction action can be a scary thing to experience, and figuring out what steps you can take to protect yourself from this pending eviction will be one of the first things that anyone considers when they hear this news.  Fortunately, bankruptcy can absolutely be a resource to help!  If you are facing a pending eviction action for back rent, bankruptcy can be an excellent opportunity to help you resolve the rent balance and remain in your home!     

If you own your home, you may have reached a point where you are considering selling. If you are in active bankruptcy or your case has closed, you may have questions about when you can sell, if the equity in your home belongs to the bankruptcy estate, and whether you need to do anything additional to sell. This blog will explore answers to these questions and more. 

Filing bankruptcy can bring a massive amount of relief when you begin to feel the benefit of being protected from your creditors and the seemingly unending calls and communications that always seem to accompany them.  Likewise, receiving a bankruptcy discharge can also be a massive source of relief when you realize that you will never have to worry about any debts being discharged again.  However, after this discharge has gone through, you might ask: What will happen next?

Filing bankruptcy may leave you feeling uncertain about your bank accounts. If you like your bank, you may want to keep it open, and if you do not like your bank or do not care one way or the other, you may be fine with it closing.  

“Can I discharge a debt that is already in collections?”  - It’s a question many people ask when they look at beginning the bankruptcy process.  Sometimes, a debt collector might tell you you have no choice but to pay them once an account has been referred to them for collection.  What they might not tell you is that this debt may still be discharged through bankruptcy.  

At LifeBack Law, we don’t judge you, we help you get your life back. This is not just a slogan for us, but something we stand by and adhere to. 

At LifeBack Law Firm, we put our money where our mouth is. When we say we are Minnesota’s most kind and helpful bankruptcy law firm, we are willing to risk it all to preserve our core values despite some who wish to attack it.

Whether you are trying to save on groceries due to income, dietary needs, family size, or other reasons, this blog will explore savings at the grocery store. 

Various parties will receive notice of your case filing, directly from the court, your attorney, a creditor, or a combination. The creditor or party’s interest in your case, will determine who receives notice you filed bankruptcy. 

     LifeBack Law Firm is pleased to announce we are now offering all Minnesotans a free analysis of whether getting their student loans discharged in bankruptcy is a possibility. We also offer representation of Minnesotans in bankruptcy with respect to student loan discharge proceedings. At LifeBack, we did not want to “rush” into accepting money from Minnesotans without first understanding the lay of the land. Now that we have more clarity on student loan discharges in bankruptcy, we are proud to start accepting clients for bankruptcy and student loan discharges. 

Occasionally, a bankruptcy case will be converted from one chapter to a different chapter. There are several reasons to convert a case. A typical conversion would be a conversion from a chapter 13 filing to a chapter 7. The reasons to convert include: loss of income, increased dependents, reduction in income, divorce, or a failed business. Debts incurred after the filing of the original bankruptcy, but prior to the date of conversion receive the same treatment as prepetition claims.  

Whether you have a prior lease you still owe on that you cannot pay or you are behind on a current lease, bankruptcy may be able to help. 

When you file either an asset Chapter 7 case or a Chapter 13 case, your creditors can file a claim. The claim will state, who the creditor is, where they can be reached, the amount owed to them, why it is owed, and proof of the debt. Creditors file claims in cases, so the trustee knows who to pay.