Struggling with debt is one of the most stressful things that can happen to you. For many people, it affects their health, their family relationships and their future. There is an understandable tendency to sweep the financial problems under the rug, to keep living with the daily stress and not to address the problem for fear of what will happen.
Our Minnesota bankruptcy lawyers understand that fear and don’t want you to suffer unnecessarily. You may have options available to you that have advantages you hadn’t previously considered.
Possible Benefits of Chapter 7 Bankruptcy
People who file Chapter 7 bankruptcy in Minnesota often benefit because:
- Creditor Calls Cease. Once the petition has been filed, creditors are usually prohibited from contacting you directly. The calls to you and your family will stop, and the creditors’ attempts to recover money will go through your Minnesota bankruptcy attorney and the court.
- Resolutions are Fairly Quick and Certain. Chapter 7 bankruptcy cases are often resolved more quickly than other types of bankruptcy cases, since no reorganization plans needs to be negotiated or fulfilled. Additionally, since Chapter 7 cases are settled with the use of non-exempt property and not reorganization negotiations, your Minnesota Chapter 7 bankruptcy lawyer can counsel you on what the consequences of a Chapter 7 bankruptcy will be prior to your filing.
- You Can Get a Fresh Start. Bankruptcy is meant to provide honest people with a fresh financial start.
Contact an Experienced Minnesota Bankruptcy Attorney to Learn More
These benefits may be possible for you. To learn more about how a Chapter 7 bankruptcy in Minnesota may affect you and your family, please contact an experienced Edina bankruptcy lawyer today at MN (952) 920-1001 or AZ (480) 207-2203.
Additionally, we invite you to read our FREE book, What You Need to Know About Filing Bankruptcy in Minnesota.