Let’s face it: Minnesota, and the country overall, is currently in a really rough financial place these days. It seems like every month we inch closer to a recession, job growth is continually shrinking, and many working class Minnesotans, regardless of income level, are feeling the bind. Across the country, Google searches for “bankruptcy lawyer” are at a record high, but a lot of people we speak to are anxious about filing for bankruptcy in such uncertain financial times for a variety of reasons.
Firstly, many clients we speak to worry about if they’ll lose their home, vehicles, or other assets when filing a bankruptcy case, and now more than ever those feel like very difficult assets to replace due to the skyrocketing cost. With the exemption (or protection) laws we have in Minnesota, we can almost always protect your home and vehicle, as well as retirement accounts, household goods and electronics, and many other assets.
Secondly, a lot of people who are unemployed and looking for bankruptcy relief worry that a bankruptcy will reflect on any background checks and will hinder their chances at obtaining employment, especially with the already-competitive job market. For the vast majority of clients we work with, a bankruptcy on their record has not hindered their opportunities to obtain employment. In fact, there are laws on the books protecting debtors from discrimination due to them filing a bankruptcy.
CALL NOW FOR A FREE STRATEGY SESSION FROM AN MN BANKRUPTCY LAWYER AT LIFEBACK LAW FIRM
Every bankruptcy case is different, so an in-depth consultation with a bankruptcy attorney can shed more light on your specific financial situation. One thing that clients across the board tell us every day is that they don’t regret filing, but they regret waiting so long. Especially in an uncertain economy, filing a bankruptcy and relieving that financial anxiety can set you up for success. Whenever you are ready to get your life back, reach out to Minnesota’s kindest and most helpful bankruptcy law firm at www.lifebacklaw.com. You will be so happy you did.
