Real Estate, Bankruptcy, Estate Planning, Business Planning & Tax Resolution.
All you you need to learn about solving legal problems in Minnesota.
You feel like a failure. Your kids want the latest fashions, your spouse wants to take a vacation, and you want a moment’s peace. However, none of that seems possible when you can’t pay your bills. You may lay awake at night thinking about your options for getting out of this financial mess. You may even consider bankruptcy. However, you cannot bear the humiliation and embarrassment that comes along with a bankruptcy filing. Bankruptcy Does Not Mean That You Failed Filing for Chapter 7 bankruptcy in Dakota County does not mean that you have failed yourself or your family. Instead, it means that you are taking control of your finances and your future. You [...]
It may seem like your child’s pet hamster that continuously runs on its wheel is making more progress than you. You wake up each morning and go to work. You work hard at your job and sacrifice other things, such as time with your family, in order to keep your job. Yet, the money that you bring home is simply not enough to pay your bills. The creditors are calling your house, the collection agencies may be making threats, and you simply don’t know where to turn. A Hennepin County Bankruptcy Lawyer May Help You Stop the Wheel and Get Ahead There may be a way that you can satisfy your debts and even [...]
Minnesota, as well as the rest of the nation, is entering the third year since the end of what has become known as the Great Recession. While the Great Recession officially ended in 2009, job growth is still progressing and the economy has still not made up for all of the jobs lost in the weak economy. Job growth may be different in various geographical areas and industries. There has also been varying job growth among the genders. Specifically, men have seen faster job growth than women in the past three years. As of June 2012, women have regained about 38.7 percent of the jobs they lost during the recession while men have regained [...]
In July 2012, Ruby Brown of Minneapolis received news from Bank of America that her home would not be foreclosed. Instead after an alleged five years of struggle, the bank agreed to modify the terms of the mortgage loan. According to reports, Ms. Brown ran into financial trouble in 2007 when her adjustable rate mortgage (ARM) became too expensive for her. She was negotiating with Countrywide at the time and then Countrywide became part of Bank of America. After that, it is alleged that Ms. Brown spent months talking to loan servicers at Bank of America who would tell her that certain documents were missing to process her request. In 2009, Ms. Brown allegedly [...]
Last month the Obama Administration announced support for a law that would allow people to discharge certain types of student loans in a bankruptcy proceeding. The recommendation that was detailed in a report to Congress from the Department of Education and Consumer Financial Protection Bureau suggested that private student loans should be eligible for bankruptcy protection. Private student loans are estimated to make up about 15% of outstanding student debt in the United States. However, at roughly $150 billion, it is still a significant amount. The report did not support the discharge of federal student loan debt in bankruptcy. The change would modify the 2005 law that prohibits the discharge of student debts [...]
It seems like there isn’t a moment of your day that isn’t consumed with worry. From the moment you wake up until the moment you finally drift off to sleep, you are worried about how you will pay your bills and stay in your home another month. You know that if you keep going like you are currently going that you will soon be out of options. Soon the mortgage won’t be paid, and your family will be forced to leave the home that you love. That is, Unless You Take Control of Your Financial Situation Taking control does not necessarily mean making more money. Instead, it means making smart financial and [...]
Do you want to file for Chapter 7 bankruptcy and at the same time make sure that you keep your car, your home, or other secured debt? You may be able to do so even if the property does not qualify for a bankruptcy exemption. You, with the help of your Minneapolis St. Paul bankruptcy lawyer, may be able to reaffirm your debt and keep a specific piece of property. Is Chapter 7 Bankruptcy Reaffirmation for Me? If the equity that you own in your home, car, or other secured property is protected by a bankruptcy exemption, then you may be able to reaffirm the debt. In order to reaffirm the debt, [...]
March, April and May were not good months for job news in Minnesota. However, after three months of declining jobs in the state, the number of jobs in Minnesota began to grow again in June. According to the state of Minnesota, 7,200 jobs were added in June 2012. This was the largest job gain since January 2012. Jobs were primarily added in the professional sector, the manufacturing sector, and the government sector. Caution Urged by Some Despite the good news, some experts are urging Minnesotans to be cautious. Specifically, there is concern about the global economy. There is also concern that the initial job numbers reported in May were too optimistic. An [...]