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.



      Posted by Wesley Scott on September 3

      Getting your life back is a wonderful event. I cannot tell you how many times our clients have thanked us so profusely for helping them get their lives back by filing Chapter 7 Bankruptcy. Yes, I know it takes courage to reach out for help. However, our former clients would tell you it is the best thing they ever did. Getting on the other side of a debt problem for good is amazing feeling.

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      Should I Surrender My “Cross-Collateralized” Collateral in my Chapter 7 Bankruptcy?

      Posted by Danielle Lin on June 23

      You may have heard of the principle of “Cross-Collateralization” and have wondered to yourself, what it means in regards to your Chapter 7 bankruptcy. How does it affect my Chapter 7 bankruptcy? Cross-collateralization clauses can be found in loan agreements you may sign with a lender. For instance, if you borrowed money from a bank to purchase an asset, the loan agreement you signed, may have contained a cross-collateralization clause in it.

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      Minnesotans prefer to file bankruptcy with LifeBack Law Firm

      Posted by Wesley Scott on May 13

      Why do Minnesotans prefer to file Chapter 7 and Chapter 13 Bankruptcy with LifeBack Law Firm? Just read our hundreds and hundreds of Google reviews and you will see why. Minnesotans favor LifeBack Law because LifeBack Law excels at helping Minnesotans get their lives back while treating clients and co-workers with kindness, helpfulness, professionalism, and exceptional customer service.

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      Gettting Your Life Back by Filing Chapter 7/13 Bankruptcy

      Posted by Wesley Scott on May 9

      Have you ever wondered what life could be like without overwhelming debt? It is possible to get your life back by filing Chapter 7 or 13 Bankruptcy. When you have unwanted debt, your finances are sick, you are not. Your finances need to take a shot of medicine and become healthy again. Money is not your life. Debt is not your life. And yet, debt can have tragic effects on the quality of your life.

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      What is Chapter 7 Bankruptcy in Eagan, MN?

      Posted by Wesley Scott on April 26

      What is a Chapter 7 Bankruptcy anyway? Will I lose everything I own if I file bankruptcy? Will the bankruptcy law firms in my area treat me with the dignity I deserve? When you are suffering from debt, many things cross your mind. One of them is will I lose all my assets if I file Chapter 7 Bankruptcy? Chapter 7 Bankruptcy is referred to as a “fresh start” or “liquidation” bankruptcy where the focus is on the assets you own, wherever situated in the world, on the date you file bankruptcy.

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      What Do I Provide to The Trustee in a Chapter 7?

      Posted by Amanda Scharber on April 3

      In a chapter 7 bankruptcy, typically, the only hearing you will attend is the 341 hearing. This happens about 4-6 weeks after your case is filed.

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      Learn What To Expect From Your Free Bankruptcy Consultation


      Posted by Wesley Scott on April 1

      When a person files for chapter 7 bankruptcy, they are asking the court to discharge, or completely wipe out, their debts without having to make any payments to their creditors. Usually, all their debts are discharged, except for certain types of debts (i.e. student loan debt, most tax debt, and debt owed as alimony or child support). In order to qualify for a chapter 7 bankruptcy discharge, the debtor must be unable to afford making payments to their creditors, as they would have to do in a chapter 13 repayment plan.

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      Can I Add a Creditor After Filing?

      Posted by Amanda Scharber on March 21

      It is typically easiest if all of your creditors are listed in your case correctly when the case is first filed. But, that cannot always happen. Sometimes you are unsure that a debt went to collections, maybe it was sold, maybe the creditor is finally trying to collect after years of not doing anything with the debt, or maybe you even forgot it existed. You can add creditors after your case is filed, but there are a few exceptions.

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      Looking For A Chapter 7 Bankruptcy Attorney Near Eden Prairie, MN?

      Posted by Wesley Scott on March 10

      Life is so humbling. Your best plans can go awry, quickly. I mean, who among us hopes when you get married, your marriage will be a failure? Who among us wishes for our business venture to turn into a disaster? Who among us hopes for an extended illness that costs tens of thousands of dollars and leaves us off work without pay? Nobody does this. We humans make elaborate plans and dream big dreams, and we should. However, life does not always play out the way you had planned it. I have accepted this broken road.

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      Interesting Facts about Bankruptcy Continued

      Posted by Amanda Scharber on February 7

      Bankruptcy has a wide variety of interesting facts. A few are listed below:  

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      Chapter 13 Bankruptcy: Negotiating your debts on a more even playing field.

      Posted by Wesley Scott on December 14

      Chapter 7, or “liquidation” bankruptcy is the most straightforward path to bankruptcy relief for most of the people I talk to who are seeking bankruptcy relief (called “debtors”).

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      Fees to Consider When Filing Chapter 7 Bankruptcy in Duluth, MN

      Posted by Wesley Scott on October 30

      First of all, you should be proud of yourself for making the decision to get your life back. At Kain & Scott, we know this decision is not easy to make. But do you know what all of our former clients tell us? Their only regret is that they didn’t file sooner! So congratulations for making that decision, you will not regret it. Now how much are the fees to file Chapter 7 Bankruptcy in Duluth, Minnesota? 

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      What to Expect at Your Meeting with a Bankruptcy Attorney

      Posted by William Kain on February 28


      Most people never need to hire a lawyer, and when they do, it’s usually at a time of their life that is filled with stress and uncertainty. As a result, meeting with a lawyer a lawyer is often something that people approach with a lot of trepidation. It’s no different when someone is considering filing for bankruptcy. You’re already being harassed by creditors and debt collectors, you may be facing foreclosure, and other legal actions. The idea of meeting with a complete stranger to discuss your financial situation is, at a minimum, daunting. However, it’s important to remember that our Minnesota bankruptcy law firm is here to help you get through these difficult times and make a fresh start.

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      Can You File for Bankruptcy Twice?

      Posted by William Kain on February 24

      Clients often come to us unsure of whether bankruptcy is the right option for them, or whether they can file bankruptcy at all. If you’ve previously filed for bankruptcy, or if you think you may need to file more than once, this question becomes more complicated. The simple answer is yes, you can file for bankruptcy again, but the timing and other details are important.

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      What Happens When You File Bankruptcy?

      Posted by Wesley Scott on June 12

      The first thing that happens when you file bankruptcy is you feel an immediate sense of relief. Why? Because as soon as you file a bankruptcy, your creditors are banned from contacting you to collect on a pre-existing debt. There is peace in the valley, your phones no longer lite up and your mail box is full of junk mail - NOT bills!

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      Bankruptcy Basics For Debtors in Minneapolis

      Posted by Wesley Scott on April 20

      Hi everyone! So you are on line searching for information on the basics of bankruptcy. How does it work? What are the differences between a chapter 7 and a chapter 13? Which bankruptcy looks better on my credit report? These are all great questions right? But, can someone explain them in simple terms? I can! 

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