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 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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Shackled by Student Loan Debt? Here’s How Bankruptcy Can Help…

Posted by Erick Bohm on April 5

Are you one of the 44.2 million Americans with student loan debt? If so, you completely understand the enormous strain student loan debt causes to your financial well-being. For individuals between the ages of 20-30, the average monthly student loan payment is $351. $351 over the course of 12 months comes out to $4,212.

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The Cure to Your Bankruptcy Blues

Posted by Erick Bohm on March 17

Overwhelming debt causes stress, relationship issues, and sleepless nights. Bankruptcy can help resolve all of this. Let’s face it, nobody wants to file bankruptcy, but instead of focusing on the negative, let’s focus on how we go about solving the problem in front of you. Whether you have been struggling with overwhelming debt for five years or five months, bankruptcy may be a great option to help you get your life back.

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Common Questions Regarding Chapter 7 Bankruptcy

Posted by Erick Bohm on March 16

1. What is Chapter 7 Bankruptcy?

Chapter 7 Bankruptcy is also known as the “fresh start” bankruptcy. Chapter 7 Bankruptcy provides debtors (an individual who files bankruptcy) with the opportunity to escape liability on certain types of secured and unsecured debts. Upon successfully receiving a discharge, debtors are no longer liable for money owed on most debts.

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Everything You Need To Know About Filing Bankruptcy As A Sole Proprietor

Posted by Erick Bohm on February 24

Operating as a Sole Proprietor can be exciting and stressful at the same time. One of the biggest reasons it can be stressful is because you are personally liable for what happens. Unlike having an LLC, corporation, or partnership, you are personally on the hook for anything that happens. When debts become due, creditors can come after you directly to collect.

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What to Expect From Our MN Bankruptcy Attorneys in Brainerd

Posted by Erick Bohm on February 23

No matter which of our eight Law Firms you decide to visit, we guarantee you receive the most professional and polite treatment around. As we have said for many years: we don’t judge you, we help you get your life back. This is much more than a tagline. We truly believe in helping you get your life back. Let’s unpack what exactly “we help you get your life back” means.

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A Few Things You Should Stop Doing If You’re Filing Bankruptcy

Posted by Erick Bohm on February 13

Now that you’ve decided to file bankruptcy, there are a few things you want to make sure you stop doing. You need to stop using credit cards, stop paying off certain debts, and stop transferring property. This is not an exhaustive list, of course, but when in doubt, discuss any concerns you have with your MN Bankruptcy Attorney.

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Consequences of Concealing Property When Filing Bankruptcy

Posted by Erick Bohm on February 10

Honesty between you and your attorney is paramount when disclosing information about your estate. As Dr. Kent M. Keith says in his book Anyway: Paradoxical Commandments for Christians, “Honesty and frankness make you vulnerable. Be honest and frank anyways”.

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