Welcome To The MN Bankruptcy Blog

Inside you will find over 500 helpful articles discussing the Chapter 7 & 13 Bankruptcy Process and other solutions for difficult financial situations.

You can search for specific topics or just click around. If you can't find what you're looking for here or in our FAQs please Send Us A Message

Erick Bohm

Erick Bohm

Recent Posts

How Bankruptcy Can Protect You from a Summons To Appear In Court

Posted by Erick Bohm on August 11

Here we will discuss what a Summons is and what you can do to protect yourself now that you’ve received one. Receiving a Summons can be terrifying, especially if this is unfamiliar territory.

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How Chapter 13 Bankruptcy Can Help with Your Second Mortgage

Posted by Erick Bohm on August 3

If you’re under water on a second mortgage, you may be in luck. Chapter 13 Bankruptcy provides two options for solving this issue. Those two options are referred to as lien strip and cramdown. Both options can be advantageous to the property owner who has real estate valued at less than the amount owed on a first mortgage. These options are provided for under the law to promote property ownership while protecting individuals from overwhelming debt. Depending on your situation, one option may be more beneficial than the other. Ultimately, the question comes down to whether or not the property is your homestead.

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5 Traits You Will Find In The MN Bankruptcy Attorneys at Kain & Scott

Posted by Erick Bohm on July 27

Accordingly to past clients, Kain & Scott attorneys are knowledgeable, courteous, empathetic, professional, and easy going. This is different than what most people have to say about other MN Bankruptcy Attorneys. Most people describe attorneys as arrogant, rude, pompous, etc. Well, sometimes that’s exactly right. Here at Kain & Scott, however, we pride ourselves on focusing outward on the client, not inward on ourselves. Your legal representation should be focused on you, not us. These five traits you will find in each of our Kain & Scott attorneys.

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6 Steps To Getting Your Life Back Through Bankruptcy in MN

Posted by Erick Bohm on July 13

When was the last time you sat down and asked yourself, “how did I get here”? Chances are you say this to yourself all the time, but, truly, when was the last time you sat down and forced yourself to answer the question? If you’re like most people, you don’t spend much time with self-reflection. Self-reflection is incredibly important so you can truly understand the situation you’re in, how you got there, and how to get you where you want to be.

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Finding a Minneapolis MN Bankruptcy Lawyer To Help You Get Debt Free

Posted by Erick Bohm on July 12

Do you ever wonder why a Minneapolis Bankruptcy Lawyer would only offer bankruptcy representation but do nothing to repair your credit? Are you ready to tidy up your debt mess with a thorough cleaning of your entire financial slate?

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High Interest Breaking Your Bank? Here’s How Chapter 13 Bankruptcy Can Help

Posted by Erick Bohm on July 5

Have you recently bought a new car for a good deal then got bogged down by a high interest rate? If so, you’re not alone. Many of our clients come to us with incredibly high interest rates on vehicles. This is because lenders know everyone needs a vehicle and in most places, especially outside of major metropolitan areas, public transportation is very sparse. So, regardless of credit they'll still give you a loan, but if you've got bad credit they'll take you to the cleaners in interest. When this happens, it usually doesn’t matter how good of a deal you got, here's why:

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Get Debt Free With Brooklyn Park, Minnesota's Nicest Bankruptcy Law Firm

Posted by Erick Bohm on July 2

Are you ready to seize your financial independence from debt in Brooklyn Park, Minnesota, this Fourth of July?
Independence Day is here and, in addition to fireworks, cookouts, and family, the holiday has many Americans considering the true meaning of independence. Sure, you may have your own house, car, job, and lifestyle, but are you really independent? Or are you shackled by the weight of outstanding debt?

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How To Qualify For Chapter 7 Bankruptcy Regardless Of Your Income

Posted by Erick Bohm on June 20

Chapter 7 Bankruptcy provides nearly one million debtors each year with the relief they need from overwhelming debt. Whether or not Chapter 7 Bankruptcy is the best option for you depends on a number of considerations. During your initial consultation with one of our MN Bankruptcy Attorneys we will get to know you and your situation. We will ask a number of questions to fully understand the situation you’re confronted with. After getting to know you and your situation, we will provide you a recommendation on how we think you should move forward. In this blog, we’ll discuss what Chapter 7 is, Chapter 7 filing requirements, and the Business Debt Exception to the Chapter 7 Means Test.

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Exceptions to the Means Test in Chapter 7 Bankruptcy

Posted by Erick Bohm on May 31

Among the eligibility requirements to file a Chapter 7 Bankruptcy, the Means Test is used to determine whether or not a debtor has the resources available to satisfy their financial obligations. When a debtor fails to satisfy the requirements of the Means Test, they have the option of filing a Chapter 13 bankruptcy instead. However, there are exceptions to the Means Test which provide certain debtors the option of filing a Chapter 7 bankruptcy despite having too high of income. If the majority of your debts are non-consumer debts, you are a disabled veteran, or you are a military Reservists/Guardsmen, you may qualify for Chapter 7 bankruptcy regardless of your income.

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How to Get Debt Relief and Credit Repair in Duluth, Minnesota

Posted by Erick Bohm on May 17

Do you cringe when your cell phone rings, afraid to answer in case it is a creditor harassing you for money? Have you been turned down for auto or home financing because of your credit score and outstanding debts? Are you overwhelmed with bills and accounts in collections?

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MN Bankruptcy Lawyers That HELP You Get Debt Free & Repair Your Credit

Posted by Erick Bohm on May 5

At Kain & Scott our MN Bankruptcy Lawyers process is all about you. We want to help you in two amazing ways: get rid of your debt and help you repair your credit after bankruptcy. Our process is entirely focused on treating you the way you deserve to be treated.

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Where to Find the Best Bankruptcy Lawyers in Duluth, MN

Posted by Erick Bohm on May 4

If you are filing for bankruptcy in Duluth, Minnesota, you may be overwhelmed trying to find a bankruptcy attorney to file your case. With so many bankruptcy attorneys, it is hard to know which bankruptcy attorney will be right for you. You want a bankruptcy attorney that is friendly, knowledgeable, helpful, and experienced – but how do you find an attorney who has the experience that you need to get your debt erased fast, who will also treat you with kindness and respect, without judging you for falling behind on your bills?

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What is an Automatic Stay in Chapter 7?

Posted by Erick Bohm on April 28

The Automatic Stay in Chapter 7 Bankruptcy is an invisible wall that keeps your creditors from collecting against you during the pendency of the bankruptcy. In rare circumstances, creditors are able to navigate the automatic stay and still act on the debts that you owe. Most of the time, creditors cease collection action once a debtor has filed bankruptcy. In this blog, we address what the automatic stay, what the automatic stay isn’t, and the benefits debtors receive once their bankruptcy has been filed.

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Crash Course To Filing Bankruptcy in Crow Wing County, MN

Posted by Erick Bohm on April 20

If you’re considering filing bankruptcy and live in Crow Wing County, Minnesota, you’ve come to the right place. The decision to file bankruptcy is life-changing. You want to make sure you have as much information at your fingertips when contemplating the pros and cons of filing bankruptcy.

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How Bankruptcy Can Be One Step Closer to a New Life

Posted by Erick Bohm on April 10

Struggling with overwhelming debt? If the answer is yes, you know the impact debt can have on your health. Debt is often accompanied with stress, anger, denial, and depression. Debt can also be accompanied by relief. In order to feel the relief associated with debt you have to take the necessary steps to overcome the underlying problem. One of the most effective ways of doing so it to file bankruptcy. Bankruptcy can provide relief by eliminating overwhelming debt in a matter of a few short months.

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