When the news hit about a new truncated process to determine if student loans are dischargeable in bankruptcy, hopes naturally rise. When hope rises, our phones ring from anxious people wondering if student discharge is truly a possibility for them. I get it. We get it. 

A claim in bankruptcy is a claim of money owed to a creditor, filed by or for a creditor. Proof of claims is the document the creditor will file in the court, explaining the amount owed, why it is owed, and providing supporting documentation for the debt.

     In 2021, LifeBack Law Firm decided to change who we were to Minnesotans needing a safe refuge to inquire about bankruptcy and a safe place for employees to work. Looking back at early 2021, even I had little understanding (I am sad to say) just how unsafe the firm was for employees and prospective clients. When we set out to revamp ourselves and promote diversity and inclusion amongst our ranks, the blowback we got was swift, immature, and as insecure as you would imagine. It turns out, for many, unless diversity benefits them, they give diversity lip service. The trouble for them is the firm had no intentions of giving diversity and inclusion lip service. 

For questions or concerns about information on the petition, the debtor will be required to supply relevant explanations. Supplying the required evidence, documents and explanations may seem daunting, but is it part of the process to ensure that bankruptcy debtors continue to be honest and forthcoming on their petitions.  

When you file bankruptcy, your creditors receive notice that you filed and are given the timeline of events during your case. This includes the timeline to object, bring motions, and attend hearings. 

      A court filing in Hennepin County, MN on September 26, 2023 (court file no. 27-CV-23-12137), claims from 2013 to 2020, Hoglund, Chwialkowski & Mrozik P.L.L.C. n/k/a Hoglund & Mrozik, P.L.L.C. engaged in massive interstate advertising and marketing fraud spanning multiple states on its website, Google map location and lawyer listings, and by its conventional advertisements. 

Bankruptcy is full of fun and interesting facts. This blog will explore a few. 

     A court filing in Hennepin County, MN on September 26, 2023 (court file no. 27-CV-23-12137), claims from 2013 to 2020, Hoglund, Chwialkowski & Mrozik P.L.L.C. n/k/a Hoglund & Mrozik, P.L.L.C. engaged in massive interstate advertising and marketing fraud spanning multiple states on its website, Google map location and lawyer listings, and by its conventional advertisements. 

If your case is selected for audit, the U.S. Trustee will select an audit firm to conduct the audit. The firm will review all the documents filed with the court looking for material misstatements of income, expenses, or assets. 

     Every single human who ever lived on this planet or who is living on the planet now has felt the emotion of anxiety. Anxiety is a human emotion that helps us in case a wilder beast is about to attack us. It is not so helpful if a wilder beast is not attacking us. 

When you file bankruptcy you discharge your liability on unsecured debts (with some exclusions, for instance, taxes or student loans) and secured debts. Due to the lien on secured assets, you need to keep paying on the debt to keep the property, but your liability on the debt is discharged through your case. As long as you have not signed a reaffirmation agreement in the bankruptcy, you can surrender your filed secured assets back to the lender during or after bankruptcy, and not be liable for any balance owed on the loan, due to the discharge. This is the same regarding involuntary repossessions as well, if after filing you fall behind on payments and have a repossession, you will not be liable for the balance, due to your bankruptcy discharge. 

     The fear of filing bankruptcy in Minneapolis, MN is real. The level of courage it takes to overcome this fear and actively think about bankruptcy is commendable. However, there are ways to alleviate the fears of filing bankruptcy you may not have thought about. When discussing strategies on how to resolve a debt problem for good at LifeBack Law Firm, we discuss this in detail. 

There are quite a few parties to a bankruptcy case. If you are thinking about filing or in an active bankruptcy, you may be wondering which name belongs to which individual. 

 A debtor who completes his payments under a Chapter 13 plan is entitled to a discharge of the debt that is provided for by the plan. 

The median income for your household size is used in bankruptcy to determine whether you qualify for a Chapter 7 or a Chapter 13 and whether you are a three-year or a five-year Chapter 13 bankruptcy.

The State of Minnesota does offer a property tax refund. The Tax Refund Act provides three types of refunds: (1) a refund for homeowners whose property taxes are above a certain percentage of their household income, Minn. Stat. § 290A.04, subd. 2 ; (2) a refund for renters whose rent constituting property taxes exceeds a certain percentage of their household income, and (3) a refund for homeowners whose property taxes increased substantially.