As a Bankruptcy Attorney in Maple Grove, I hear it all the time- I want to file a Chapter 7 Bankruptcy, not anything else. Chapter 7 Bankruptcy, referred to as a “liquidation bankruptcy” or a “fresh start bankruptcy” is a four-month process where at the end of the process most unsecured debt is discharged, wiped out, tax free! Of course, there are many clients who do fit squarely within the parameters of a chapter 7.

The Bankruptcy Attorneys in Maple Grove, MN and I spend our workdays meeting with people who are facing significant debt problems. The problems have reached the point where the people I meet with can’t handle their debt. They are in default, in foreclosure, in suit, in garnishment, in levy. They are in trouble. My clients come to me with a range of emotions. But almost all of them share one emotion: they are embarrassed to be here in a difficult financial situation. The stress of the debt they have is part of the feeling they have. But there’s more to this bad feeling than that.

How long will it take? The Maple Grove Bankruptcy Attorneys At Kain & Scott, get this question often. We don’t blame you either. Once you have made the decision to file a bankruptcy, get your life back, and protect your family, you want to get on with it and get this done. Scores of other clients feel the same way. Most former clients felt that the longest part of the process is deciding and agonizing over how to resolve an overwhelming debt problem. However, once they made the decision, and what once they got their lives back, they have all found that they had wished they would have filed bankruptcy much sooner than they did. I suppose it’s human nature to anguish over any problem whose resolution is a word most people would rather not hear- the “b” word or bankruptcy. Now maybe there are better words in the English dictionary, but I can think of far worse too.

When you're experiencing a business failure, income drop, divorce or medical problem or any type of financial struggle that you feel like you just can't escape, you're not alone! On average this happens to thousands of Minnesota residents every year leaving them with their best option to file bankruptcy. Just last year over 10,000 Minnesotan's needed to file a Chapter 13 or Chapter 7 Bankruptcy to restore their 1st class citizenship again. It can happen to anyone. Even some of our own family members have filed bankruptcy. Fortunately, at Kain & Scott P.A., Maple Grove's nicest bankruptcy law firm, there are just 5 easy steps you need to take to get yourself on the road to a debt-free life again!