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How to Fight a Minnesota Chapter 7 Bankruptcy Dismissal Notification

The Bankruptcy Court has notified you that a dismissal has been sought in your bankruptcy case. A dismissal would leave you liable for your debts and without the protections you sought when you filed your bankruptcy petition. However, the notification that a dismissal has been sought does not mean that a dismissal will necessarily occur. [...]

By |2018-05-31T01:18:25+00:00August 22nd, 2012|Blog|0 Comments

Successful MN Restaurateur Files for Chapter 7

Tom Petters, a former Minnesota business mogul, is serving a fifty-year jail term for twenty counts of fraud relating to his $3.65 billion Ponzi scheme. A Ponzi scheme is run by promising high returns to new investors in order to convince them to invest while using the investment money to pay off older investors who [...]

By |2018-05-31T01:18:58+00:00July 2nd, 2012|Blog|0 Comments

Minneapolis Chapter 7 Bankruptcy Attorney Answers Counseling Questions

In 2005, bankruptcy law changed. Among the changes was a requirement that, with very limited exceptions, individual debtors seeking bankruptcy get pre-bankruptcy counseling. The failure to comply with this requirement may result in the dismissal of your bankruptcy petition. Often, potential bankruptcy petitioners have questions about the pre-bankruptcy counseling requirement that can be answered by [...]

By |2018-05-31T01:19:47+00:00May 3rd, 2012|Blog|0 Comments

Minneapolis Bankruptcy Attorney: Which Bankruptcy Exemptions are Best for You?

Minnesota bankruptcy petitioners have a choice that is not available in every state. If you qualify to file for Chapter 7 bankruptcy in Minnesota, you may choose between federal bankruptcy exemptions and state bankruptcy exemptions for use in your case. While you may not pick and choose from both lists, the decision about which set [...]

By |2018-05-31T01:19:47+00:00April 6th, 2012|Blog|0 Comments

Chapter 13 Creditors Meeting? Bring a Minneapolis Bankruptcy Lawyer!

Chapter 13 bankruptcy petitioners create repayment plans to satisfy their outstanding debts that are eligible for bankruptcy discharge. As you might imagine, creditors are very interested in the terms of the repayment plan because it determines how much they will be paid. Accordingly, Chapter 13 bankruptcy rules require that a creditors meeting be held to [...]

By |2018-05-31T01:19:48+00:00March 30th, 2012|Blog|0 Comments