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

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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The Difference Between An Average And Great Bankruptcy Lawyer in Plymouth, MN

Posted by William Kain on June 6

If you’re filing for bankruptcy in Plymouth, Minnesota, you’ve probably imagined how much better life will be once your debts are erased. You’ll have a comfortable home, nice car and a little money in the bank. Best of all, you can relax knowing that you are completely debt-free and have a fresh start to begin rebuilding your life.

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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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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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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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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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Getting Access To Credit After a Chapter 7 Bankruptcy

Posted by William Kain on May 30

I meet with many people every month who are struggling financially. Most of these people want to know if filing a Chapter 7 or Chapter 13 bankruptcy case is right for them. Some ask me “what would you do?” in their situation. The complete, thorough answer to this question requires me and my clients to look at their current situation carefully, and then analyze what the outcomes will be to them if they take no affirmative action to resolve their financial problems, what the outcomes will be if the clients decide to attempt an informal agreement with their creditors to pay back all or part of the debt owed without filing bankruptcy, and what the outcomes will be if they file a bankruptcy case - either Chapter 7 or a Chapter 13 case.

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What Are The Requirements To File Chapter 13 Bankruptcy?

Posted by William Kain on May 26

For the past three weeks, I’ve written about the requirements that are needed to file a chapter 7 bankruptcy case, and what is required to receive a chapter 7 discharge. Chapter 7 Bankruptcy is the most common chapter that consumer debtors use when they file a bankruptcy case. Chapter 7 is a relatively quick, cost-effective way to discharge debt for people who are being overwhelmed by their financial situation. Chapter 7 uses a “liquidation” approach to financial problems - a chapter 7 debtor does not repay her creditors in whole, or in part, and a chapter 7 trustee is appointed to liquidate any non-exempt property owned by the debtor.

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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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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 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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Requirements To File A Chapter 7 Bankruptcy - Part 3

Posted by William Kain on May 19

The past two weeks, I’ve written about what the requirements are to file a chapter 7 bankruptcy. But as I wrote last week, it is one thing to be able to file a chapter 7 bankruptcy if a person is experiencing significant financial difficulty. But the reason to file is to receive a discharge of debt. So last week we looked at what a chapter 7 debtor needs to do after the case is filed to secure that bankruptcy discharge. This week we’ll wrap up the requirements to receive a discharge.

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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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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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