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.

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Kelsey Quarberg

Kelsey Quarberg

Recent Posts

How Chapter 7 Bankruptcy Helps You Get a Fresh Start

Posted by Kelsey Quarberg on October 17

While most Minnesota residents are familiar with the concept of bankruptcy, the nuances between the different types can still be confusing. At Kain & Scott, we offer our Minnesota clients both Chapter 7 and Chapter 13 bankruptcy. This article focuses on Chapter 7 bankruptcy, which can eliminate all of your unsecured debt forever in 90-120 days from filing.

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Chapter 7 Bankruptcy and Your Credit Score

Posted by Kelsey Quarberg on October 9

October is a time for scares: ghosts, goblins, and ghouls abound and frights are as common as falling leaves.

One type of scare you don’t want in October is to come face-to-face with a low credit score. Unfortunately, for those who are considering filing Chapter 7 bankruptcy in Minnesota, a low credit score is a common problem and, once your score has fallen, it can be difficult to raise it again.

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The Difference Between Exempt & Non-Exempt Property in Minnesota

Posted by Kelsey Quarberg on September 27

Chapter 7 bankruptcies are known as the “Liquidation” chapter of bankruptcies. That doesn’t mean the judge is going to pull up in front of your house with a moving truck, load up your stuff, and drive away. Instead, it means the court labels your property as either “exempt” or “non-exempt” based on either federal or state laws. Your non-exempt property can either be: 1) surrendered to your Chapter 7 trustee, 2) “purchased” from your bankruptcy estate, 3) or abandoned by the Chapter 7 trustee. Here, I will first discuss the differences between exempt and non-exempt property. Then, I will discuss the three non-exempt property options.

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(Video) How To Tell The Difference Between The Real IRS or Scam Artist?

Posted by Kelsey Quarberg on September 12

I often receive panicked phone calls and emails from clients stating they received a call from the IRS threatening to arrest them for failure to pay taxes. After looking into each client’s case, more often than not I find that the call or email was a scam. When you are faced with overwhelming debt, it can be difficult to distinguish between what is real and what is fake. You may be receiving a mix of calls from real debt collectors and fake debt collectors. The fake collectors take advantage of people that have other, real types of debt in the hopes that they will accidentally get paid. Here are some signs and tips to avoid IRS scams:

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How To Find The Best Bankruptcy Law Firm In Edina, MN

Posted by Kelsey Quarberg on August 29

It’s that time of year again: the back-to-school season is upon us and for many Edina residents, it’s a perfect time to start considering a fresh financial start with bankruptcy.

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How To Get Debt Free With KainScott's Minneapolis Bankruptcy Attorneys

Posted by Kelsey Quarberg on August 15

Every year, thousands of Americans file for bankruptcy for good reason: bankruptcy can be a useful way to erase your debt and get a fresh start. Despite the benefits of bankruptcy, many Minneapolis residents aren’t sure what steps they need to take to erase their debt or how fast and easy filing for bankruptcy can be with Kain & Scott.

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How To Find The Best Bankruptcy Attorneys in Eden Prairie, MN

Posted by Kelsey Quarberg on August 13

Are you tired of creditors pulling the strings on your finances? Do you wish you could cut the strings from your debt and improve your credit score, but don’t know how? Puppet shows are a universal children’s favorite: the bright lights, colorful scenery, and whimsical puppets delight audiences in Minnesota and beyond.

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How A Bankruptcy Can Stop Foreclosure Proceedings

Posted by Kelsey Quarberg on July 21

In Minnesota, the foreclosure process takes a pretty long time. The average non-judicial (most common) Minnesota foreclosure lasts anywhere from 9 to 12 months, sometimes even longer! When faced with foreclosure, a homeowner has a few options 1) surrender the home to the bank (and potentially file Chapter 7 Bankruptcy), 2) redeem the home, or 3) file Chapter 13 Bankruptcy. Here I will discuss the pros and cons to each of these options.

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Finding The Best Bankruptcy Lawyers in Minneapolis, MN

Posted by Kelsey Quarberg on July 11

Do your finances need a boost to get back into shape? Does your credit score need to be re-energized? Are you searching for the perfect Minneapolis Bankruptcy Lawyer to give you a complete financial makeover?

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How To Find The Best Bankruptcy Lawyers In Minnetonka, MN

Posted by Kelsey Quarberg on June 2

Congratulations on making the decision to eliminate your debt and take control of your finances by filing for bankruptcy! You’ve already chosen to erase your debt and get a fresh financial start; the next step in your journey is to find the best bankruptcy lawyers in Minnetonka, Minnesota.

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Best Minneapolis, Minnesota Bankruptcy Lawyers

Posted by Kelsey Quarberg on May 24

When you file for bankruptcy in Minneapolis, Minnesota, you want the best bankruptcy team by your side. That’s why at Kain & Scott, our legal team is comprised of the Best Bankruptcy Attorneys in Minneapolis who use their specialized bankruptcy know-how to help our clients become debt-free and repair their credit – FAST.

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What Is An Order For Relief?

Posted by Kelsey Quarberg on May 18

One of the benefits of filing bankruptcy is something called the Automatic Stay. The Automatic Stay is what protects you from your creditors during the life of your bankruptcy. Think of it as an invisible and impenetrable blanket surrounding you that prevents your creditors from contacting you or collecting from you. Unfortunately, there are rare circumstances in which the Automatic Stay cannot protect you from certain creditors. Certain creditors, as I discuss below, can file a Motion for Relief from your Automatic Stay. If granted, an Order for Relief allows the creditor to contact and collect from you. In this blog, I will explain what types of creditors typically file Motions for Relief and what happens if an Order for Relief is granted.

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