Education Articles: Real Estate, Bankruptcy, Estate Planning and Business Planning.
Educational articles about real estate, bankruptcy, estate planning and business planning in Minnesota.
In the first article of this series, we discussed the pros and cons of consolidating debt through home equity lines, lines of credit secured by personal residences, and zero interest credit cards. In this article, [...]
Debt reduction sounds exactly like what you need. You are in over your head, unexpected events are keeping you from paying your bills on time, and you need to reduce your debt. The debt reduction [...]
The automatic stay is perhaps one of the most sought after features of personal bankruptcy. First, let’s take a look at the term itself. The “automatic” in “automatic stay” refers to the fact that the [...]
The Department of Justice operates the U.S. Trustee Program to oversee U.S. trustees and to administer the education requirements of the current Bankruptcy Code, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. The [...]
Bankruptcy can be a double-edged sword with respect to your credit score (i.e., FICO score) and your ability to obtain loans. On one hand, bankruptcy can erase much of your debt and thereby improve your [...]
The phone calls are unrelenting. The demands are unreasonable. You simply cannot repay your debts according to the terms of your loans or credit card agreements. You don’t have the money to give. Yet, your [...]
There are three major categories of debt obligations in a bankruptcy case: priority claims, secured claims and unsecured claims. The categorization of a claim plays a large role in determining how much of that claim [...]