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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Wesley Scott

Wesley Scott
I love being a Minnesota bankruptcy attorney because it allows me to give people hope that, together, we can get their lives back. People call us because of business failure (many businesses fail, that is a fact of life), income drop (bad economy or otherwise), divorce (happens to many), medical problems (how can you help that?), and bad financial decisions (we have all made them!). I understand the financial pressures my clients face because I experienced many of these same pressures growing up. I know that most of my clients end up in debt through no fault of their own. I became a bankruptcy attorney to give these people the help and support they need in this time of trouble.
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Recent Posts

Stipulations for Receiving a Chapter 7 or 13 Bankruptcy Discharge

Posted by Wesley Scott on June 21

A discharge is a legal term used during bankruptcy and refers to the elimination of your liability from your debts. If you file Chapter 7 your discharge will be granted immediately upon case closing or if you file Chapter 13, your discharge occurs after you complete your repayment period.

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Getting Access To Credit After Chapter 13 Bankruptcy

Posted by Wesley Scott on June 19

Over the last three weeks I wrote about the ability of Chapter 7 debtors to access credit after receiving a bankruptcy discharge. Now, let’s look at the ability of Chapter 13 debtors to access credit - and because of the length of time Chapter 13 debtors are “in” their bankruptcy, I’ll deviate a little from the title of this blog and look at the ability to access credit during the time a Chapter 13 debtor is “in” her bankruptcy, as well as access to credit after the Chapter 13 discharge is entered.

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Chapter 7 Bankruptcy Process

Posted by Wesley Scott on June 18

To initiate the chapter 7 bankruptcy process you must file a petition. Along with this petition you must file the following:

  • Schedule of assets & liabilities
  • Schedule of current income and expenditures
  • Statement of financial affairs
  • Schedule of executor contracts and unexpired leases
  • Copy of the most recent tax year tax return or transcript
    • Previous unfiled tax returns
    • Tax returns filed during the bankruptcy case
  • Certificate of credit counseling (copy of debt repayment plan completed during credit counseling)
  • Evidence of payment from employers received 60 days before filing
  • Statement of monthly net income (plus any anticipated increase in income or expenses after filing)
  • Record of any interest in federal or state qualified education or tuition accounts
  • Schedule of exempt property
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The Benefits of Utilizing a Chapter 13 Bankruptcy Attorney

Posted by Wesley Scott on June 17

Using a Bankruptcy Attorney to help you File a Chapter 13 Bankruptcy will be one of the best decisions you make, apart from your initial decision to get your life and finances back on track by filing bankruptcy. The bankruptcy code, court procedures and filing forms are saturated with legal jargon that will complicate the overall bankruptcy process if you don’t have the assistance from a legal professional. 

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How a Chapter 7 Bankruptcy Can Alleviate Your Stress

Posted by Wesley Scott on June 16

Your stress will begin to diminish the day you decide to file Chapter 7 bankruptcy. Taking action against your debts will take some of the pressure off – but taking action to abolish your debt completely will have you sleeping peacefully at night.

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3 Of The Most Common Bankruptcy Misconceptions in Minnesota

Posted by Wesley Scott on June 10

Filing for bankruptcy can give you a chance to start over financially. Knowing the correct information about this process and its potential results is absolutely necessary when considering whether or not to file. Bankruptcy is a legal proceeding, which means it is surrounded by legal jargon. This can make sorting through the massive amounts of bankruptcy related information complicated.

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Finding Debt Consolidation Solutions for Your Financial Situation

Posted by Wesley Scott on June 9

Debt consolidation consists of combining all of your unsecured debt payments into one. This may involve taking out a loan, entering into a debt consolidation program or Filing Chapter 13 Bankruptcy. Now, what are unsecured debt payments?

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How To File Chapter 7 Bankruptcy in Monticello, MN

Posted by Wesley Scott on June 8

If you live in or near Monticello, MN, and you are suffering from overwhelming debt, what is the first thing you need to do? That is what our guests really want to know. They ask me all the time- Wes, what is the first step I need to take? If you are like me, you like to do a little research before you set up an appointment to meet with someone right? Like what are the answers to some of my commonly asked questions?

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A Personal Account of the Minnesota Bankruptcy Process

Posted by Wesley Scott on June 7

The Minnesota Bankruptcy Process isn’t as scary, threatening or intimidating as many believe. In fact, if you have an attorney on your side, these fears will likely be non-existent. It also helps to know that you are not alone. Many people visit bankruptcy attorneys every year – to seek advice, comfort and often assistance through the bankruptcy process. Here is an example of a young couple’s financial struggle and journey to debt freedom, it represents a common set of circumstances we see fairly frequently.

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Find The Best Bankruptcy Lawyers In Anoka, MN

Posted by Wesley Scott on June 5

If you’re desperately seeking the Best Bankruptcy Lawyers in Anoka, Minnesota, you have two options:

Option 1: drop everything—work, family, household chores—and dedicate your days to researching the hundreds of Bankruptcy Attorneys in Anoka. Call each office and set up potentially expensive consultation appointments with the most likely candidates. Then, take a chance on one of them and hope that they file your bankruptcy correctly and quickly. 

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The 5 Main Reasons Minnesotan's File Chapter 7 or 13 Bankruptcy

Posted by Wesley Scott on June 1

Let’s be clear, there are numerous causes of bankruptcy. Many times, there is no single reason that pushes someone to push the reset button on their life. We have been practicing bankruptcy law in Minnesota since 1972, we have seen a thing or two about what causes people to need to push the reset button and get their lives back.

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Need to Get Out of Debt Fast? Consider All Your Options

Posted by Wesley Scott on May 25

Let’s say you have $50,000 in credit card debt and your situation has gotten to the point where you can’t keep up with your payments. Something has to be done in order for you to take care of your family, get your life back in control and so on.

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What Bankruptcy Costs in Duluth, Minnesota

Posted by Wesley Scott on May 22

Is the cost of filing for bankruptcy keeping you from getting your life back? If you are struggling with debt and think you can’t afford to file bankruptcy in Duluth, Minnesota, the truth is, you can’t afford not to! 

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The Duluth, Minnesota Bankruptcy Process Explained

Posted by Wesley Scott on May 16

Tired of waiting for your Duluth, Minnesota bankruptcy? The typical bankruptcy process involves a tremendous amount of waiting: first, you have to wait for an appointment with an attorney…then wait in traffic…then wait in a lobby…then wait for your attorney to file your petition…and then wait for your discharge.

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Filing Chapter 7 Bankruptcy Online in Duluth, Minnesota

Posted by Wesley Scott on May 15

What’s worse, being at the doctor’s office or preparing to be at the doctor’s office? When you set up a doctor appointment, what is the first thing you need to check before you set up an appointment..... your home or work schedule right? First, you have to coordinate your schedules and “fit” it in. Second, you need to block out enough time to get to the doctors office and return from the appointment and leave yourself enough room so you are not rushed- right? And then third, you finally go to the appointment right? Geez- that is a lot of fuss for a 10 minute doctor appointment!

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