Education Articles: Real Estate, Bankruptcy, Estate Planning and Business Planning.
Educational articles about real estate, bankruptcy, estate planning and business planning in Minnesota.
Filing for bankruptcy may seem like an overwhelming task. If you are in debt and considering bankruptcy, it is important to take things one step at a time. Your first step is to determine if Chapter 7 bankruptcy relief is a good option for you. That step can be broken [...]
You and your spouse are partners. You have built a life together. You may have purchased property together and you may have incurred debt together. Now, you are considering bankruptcy and you are wondering if that is something that you also have to do together. The short answer is that [...]
If you are struggling under the weight of unmanageable debt, you likely want relief. As you consider your options, such as Chapter 7 bankruptcy, you want to know when the nightmare will end and when you will get the relief you need. While no two cases are the same, you [...]
There are a variety of differences between Chapter 7 and Chapter 13 bankruptcies from the point of view of the debtor. The primary difference is that Chapter 7 involves liquidating (selling) the debtor’s assets and using the proceeds to pay back the debtor’s debts, while Chapter 13 requires the debtor [...]
If you are behind in your credit card payments, you likely have questions. You might want to know, for example, how long it will take a credit card company to garnish your wages and whether you should wait until your wages are garnished to contact a St. Paul wage garnishment [...]
Just when you thought your finances could not be more difficult, a new challenge arose. You received a Notice of Levy from the Minnesota Department of Revenue. The Notice of Levy informed you that the Minnesota Department of Revenue is planning to take money out of your bank account(s) to [...]
You and your Minneapolis bankruptcy lawyer have discussed your financial options and have decided that you should file for Chapter 7 bankruptcy. You understand what that means and that you may have to surrender certain pieces of property in order to satisfy your debts. You are ready to do that, [...]
You are filing for Chapter 7 bankruptcy protection with the best of intentions. You are in debt over your head and you want to get out. As you’ve done your research on Chapter 7, you’ve noticed that some Chapter 7 cases are dismissed rather than discharged, and that a Chapter [...]