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

5 Ways to Stop Creditor Harassment

Posted by William Kain on June 23

Best-ways-to-eliminate-credit-card-debt.pngDo any of the following situations sound familiar?

  • Do you have creditors breathing down your neck, constantly applying pressure on you for payment?
  • Are you at the point where you have stopped answering the phone, hoping the important callers will leave a message, just to avoid talking to your creditors?
  • Are you constantly worried when your employer will be contacted and your paycheck will start being affected?
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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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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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What Are My Options for Personal Bankruptcy | Chapter 13

Posted by William Kain on June 15

Chapter 13 Bankruptcy is right for you if you are experiencing a temporary setback causing you to be unable to make your payments. This option provides time, allowing you to get back on schedule with your finances. You will make monthly payments though they will be reduced, interest-free and your life will be void of collection agency harassment. Chapter 13 protects your property, prevents foreclosures and repossessions and prohibits wage garnishments.

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The Chapter 13 Bankruptcy Process In Minnesota

Posted by William Kain on June 14

You begin a Chapter 13 Bankruptcy by filing a petition. Following the petition you must also file the following documents with the court:

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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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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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Manage Debt with a Chapter 13 Bankruptcy - Minnesota Debt Solutions

Posted by William Kain on May 12

If you are considering a debt consolidation program – stop right there! Make sure you know all of your debt solutions before entering into an agreement. Consider a chapter 13 bankruptcy (Minnesota filers click here for state specific regulations) as an alternative to a debt consolidation program.

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An Eagan MN Bankruptcy Lawyers Explanation of Chapter 7 and 13 Bankruptcy

Posted by Wesley Scott on May 8

Wondering if I can explain to you what a Chapter 7 and Chapter 13 Bankruptcy is so that you can understand it in English? Of course, I can! After all, I am the managing partner at Kain & Scott, Eagan, Minnesota’s oldest bankruptcy law firm - since 1972. Let's start by taking a closer look at the basics of how a Chapter 7 and Chapter 13 bankruptcy actually work.

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Chapter 13: The Government Sponsored Debt Consolidation Plan In Eagan, Minnesota

Posted by Wesley Scott on April 17

I bet you didn’t know there is a government sponsored debt consolidation plan in Eagan, Minnesota? Okay, actually, there is a government sponsored plan across the entire state of Minnesota! Why have most people not heard about this plan? Most people are familiar with debt consolidation companies out of state, many of whom are owned or linked to major credit card companies. But, did you know the government has its own debt consolidation plan for people like you and me?

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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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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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Bankruptcy Basics For Debtors in Minneapolis

Posted by Wesley Scott on January 9

Hi everyone! So you are on line searching for information on the basics of bankruptcy. How does it work? What are the differences between a chapter 7 and a chapter 13? Which bankruptcy looks better on my credit report? These are all great questions right? But, can someone explain them in simple terms? I can! 

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What are my debt consolidation options?

Posted by Wesley Scott on January 6

Debt is stressful, no matter what caused you to fall and lose control of your finances. Whether or not it was poor financial decisions or an unexpected medical emergency that began your spin out of control, debt needs to be handled as soon as it becomes a situation.

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Filing for Chapter 13 Bankruptcy vs. Debt Consolidation

Posted by Wesley Scott on January 4

Struggling with credit card debt is stressful and confusing. But it doesn’t have to be. There are options to consolidate your debt, including filing for Chapter 13 Bankruptcy. Why choose Chapter 13 over hiring a debt consolidation company? Chapter 13 allows you to put you and your family ahead of the creditors.

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