Congratulations on making the transformative decision to file your Minnesota bankruptcy with Minnesota’s oldest bankruptcy law firm, Kain & Scott!
Now that you’re ready to erase your debt and repair your credit with Kain & Scott, we’ve created this handy article that shows you step-by-step how fast and easy your Minnesota bankruptcy can be with our bankruptcy specialists!
From your free initial consultation to bankruptcy filing from the comfort of your home via Skype, Facetime, or telephone, our bankruptcy specialists provide client-focused services that are fast, easy, and put you in the driver’s seat! With our affordable flat-rate Chapter 7 and Chapter 13 bankruptcy services, you can eliminate your debt fast without having to worry about another large bill to pay. And, unlike other law firms who disappear once your debt is discharged, we understand that reclaiming your financial independence also requires fixing your credit score: that’s why we offer our clients a FREE 90 Day Credit Repair Program!
The difference between Chapter 7 and Chapter 13 bankruptcy
At your free initial Minnesota bankruptcy consultation, your Kain & Scott bankruptcy attorney will determine whether Chapter 7 or Chapter 13 bankruptcy is right for you, based on basic information about your income, assets, and debts. Not every client is eligible for each type of bankruptcy; using our 50 years of real-world experience and know-how, we’ll create a comprehensive debt solution that’s right for your family.
Chapter 7 bankruptcy, also known as the “Fresh Start” bankruptcy, allows you to erase your unsecured debt in as little as 90 - 120 days from filing. From hospital bills to credit card balances, your unsecured debt can be eliminated all at once without a repayment plan and, once your debt is discharged, it’s gone forever!
Chapter 7 bankruptcy is a great option for families who: 1) have a large amount of unsecured debt; 2) have insufficient income to complete a repayment plan; and 3) don’t have a lot of big-ticket items that they want to keep.
Chapter 13 bankruptcy, on the other hand, allows you to erase your debt and keep the big-ticket items you love. By completing a repayment plan, where the payments are based on what you can afford, you can repay a portion of your debt over a period of 3 – 5 years; at the end of your repayment period, your remaining debt is forgiven.
Chapter 13 bankruptcy works best for families who: 1) have sufficient income to complete a repayment plan; and 2) want to keep big-ticket items like their home and car.
Filing your Minnesota bankruptcy is fast and easy
Once we determine which bankruptcy is right for you, we get to work collecting your information, completing your paperwork, and filing your petition with the court. Other law firms may wait weeks or months to file your papers; at Kain & Scott, we understand that you want your debt erased quickly so we file within days!
We’re with you every step of the way
After your bankruptcy petition is filed, your attorney will accompany you to a brief 341 meeting of creditors. The informal session will consist of a bankruptcy trustee asking you simple questions about the information contained within your petition. Your creditors also have the opportunity to attend the meeting and ask your questions. Your Kain & Scott attorney will be by your side to answer your questions and guide you through the meeting.
When your bankruptcy petition is approved, you will then either wait the 60 -90 days for your debt to be discharged under a Chapter 7 bankruptcy or begin your repayment plan with Chapter 13.
We’re not satisfied with just helping you erase your debt: we are committed to making sure you receive a true financial makeover. Our FREE 90 Day Credit Repair Program will give you the tools you need to improve your credit score and get financing from trusted lenders.
When it comes to filing for Chapter 7 or Chapter 13 bankruptcy in Minnesota, the bankruptcy specialists at Kain & Scott will be with you every step of the way – from erasing your debt fast to improving your credit score, we are your one-stop law firm for innovative and comprehensive debt solutions!
File your Minnesota bankruptcy today with Kain & Scott
Whether you file for Chapter 7 bankruptcy or Chapter 13 bankruptcy, Kain & Scott’s legal team will provide you with excellence in representation and client services. Our free initial consultations and 100% Money Back Guarantee mean that you have nothing to lose but your debt! To get started today erasing your debt and repairing your credit, contact us online at www.kainscott.com and schedule your free initial consultation.