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.

 

      What Bankruptcy Wipes Out Debt?

      Posted by William Kain on April 11

      All bankruptcy wipes out debt. The type of bankruptcy you need to file usually depends on the type of debts you owe.

      David Debtor had some unexpected medical bills last year. His daughter had emergency surgery out-of-network and he ran his car off the road one night. He now owes tens of thousands of dollars that he can’t afford to pay. He tried to retire the debt as best he could. But his payments hardly made a dent and put him behind in other areas. He’s not quite at the desperation point, but he is getting close.

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      How to Find a Winning Minnesota Bankruptcy Law Firm

      Posted by Kelsey Quarberg on February 21

      Sports fans have been anxiously waiting and the time is almost here: March Madness. As you gear up for a series of exciting games and limitless chicken wings, there’s one preparation that any dedicated basketball fan takes very seriously: picking a winning bracket.

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      Getting the Most Out of Your Minnesota Bankruptcy

      Posted by Kelsey Quarberg on February 10

      If you’re one of the thousands of Minnesota residents who is considering filing for either Chapter 7 or Chapter 13 bankruptcy, follow these simple tips to help you get the most out of your Minnesota bankruptcy.

       

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      How Does Bankruptcy “Work” - Part 4

      Posted by William Kain on February 8

      For the last three weeks, I’ve written about the function of bankruptcy to serve the twin purposes Congress set out in passing bills that codified bankruptcy law into the Bankruptcy Code: treating creditors fairly and allowing debtors to live with dignity.  I’ve written about why the bankruptcy debtor has to list assets and liabilities accurately in her schedules, about the specific features of chapter 13, the benefits of the automatic stay in bankruptcy and the requirement that the bankruptcy debtor list all of her creditors in her bankruptcy paperwork.  This week, I’ll continue to look at how bankruptcy law and procedure seeks to meet the policy goals of Congress.

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      (Video) Common Fears Associated With Filing Bankruptcy In Minnesota

      Posted by Wesley Scott on February 1

      If you live in Minnesota and you are contemplating filing a Chapter 7 or Chapter 13 Bankruptcy, you might feel nervous about doing so. After all, you don’t file bankruptcy every day. You will have a lot of questions about doing so. You may feel nervous about filing bankruptcy.

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      How Much Does Filing for Bankruptcy in Minnesota Cost?

      Posted by Kelsey Quarberg on January 30

      You may have heard or seen advertisements claiming that this firm or that firm offers low-cost bankruptcy filing. But do you know what that advertised “low price” will actually cost you?

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      Learn What To Expect From Your Free Bankruptcy Consultation

      Are Bankruptcy Discharged Debts Taxable In Minnesota?

      Posted by William Kain on January 29

      Typically, if someone else pays a person’s debts, the IRS considers such payments to be taxable income. Prominent exceptions include certain student loan repayments and gift repayments. Based on that analysis, many people think the answer to this question is a resounding “yes.” But it is actually a surprising “no,” because bankruptcy discharge is different from debt repayment.

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      How Does Bankruptcy “Work” - Part 2

      Posted by William Kain on January 24

      Last week, I wrote about the nuts and bolts of bankruptcy - how bankruptcy “works.” In doing so, I concentrated on the paperwork any bankruptcy debtor has to file with the court: the bankruptcy petition, schedules and statements.  And I wrote about those documents through the lens of the two goals of bankruptcy: to treat a debtor’s creditors fairly, and to allow the debtor to live with dignity.  This week, I want to take a deeper look at how bankruptcy law attempts to satisfy those two goals.

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      Can I File Bankruptcy For my Deceased Parent’s Home in Walker, MN?

      Posted by Misty Myers on January 22

      What happens when the unexpected happens? You are going along and unexpectedly (or perhaps it is expected), your parent passes away without a will, leaving their home to you as the beneficiary. You are now trying to juggle the mortgage payment on your parent’s home in an effort to keep the home in the family, in addition to another mortgage and your own debt. Pretty soon you realize that your parents were behind on their mortgage payments when they passed away and you get that dreaded foreclosure notice. You were barely making ends meet before and now you need to come up with additional money to save the house.

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      Can Bankruptcy Be Filed On Medical Debt In Edina, Minnesota?

      Posted by Wesley Scott on January 10

      Medical bills are the worst kind of debt there is. They are impossible to predict and certainly not preventable. I have a relative who is a young woman who has brain cancer. Do you have any idea how huge the medical bills are for something like this? That is not to mention the amount of other debt incurred along with medical bills.

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      (Video) What Bankruptcy Should I File In Monticello, Minnesota?

      Posted by Wesley Scott on January 5

      So, you live in or around Monticello, Minnesota and you know you need to file bankruptcy but you are not sure which bankruptcy you need to file. There are some simple questions to ask to figure out which bankruptcy makes sense for you.

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      (Video) Minnesotan Clients Choose Kain & Scott To File Bankruptcy

      Posted by Wesley Scott on January 4

      Why do Minnesotans choose Kain & Scott to file bankruptcy? Simple. Kain & Scott has the best customer service experience than any other bankruptcy law firm in Minnesota. But, don’t take my word for it, read what our former and current guests say about us online with google reviews. Kain & Scott is Minnesota’s highest Google reviewed bankruptcy law firm- period.

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      How Do I Know If I Should File Chapter 7 Bankruptcy In St Cloud, MN?

      Posted by Wesley Scott on January 3

      It’s a simple question isn’t it? I mean how do you really know if you should stop paying your bills and push the reset button? You will hear so many financial “gurus” tell you to try and avoid bankruptcy. I think these people are nuts. In fact, I would tell to you to err on the side of filing Chapter 7 Bankruptcy and getting your life back. Why? Simple. Life is short. Do you want to be bogged down in debt for eternity with crappy credit anyway or do you want to live for the future, know you can pay your bills on time, and seek a new life?

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      (Video) Can Bankruptcy Clear Medical Debt In St Cloud, Minnesota?

      Posted by Wesley Scott on January 2

      There is nothing worse than medical debt. Why? Because it is so unpredictable and uncontrollable. It’s one thing to have to go through a surgery or awful illness but it is even worse when you sit back, hopefully healthy again, and receive all of the medical bills from the illness or surgery.

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      (Video) Are Bankruptcy Filings Published In The St Cloud, MN Newspaper?

      Posted by Wesley Scott on December 26

      One of the common concerns that our Minnesota guests have is will my bankruptcy be published in the St Cloud, MN newspaper? I get this. When you are knee deep in debt you feel like a loser- you don’t want anyone else knowing what you are going through lest they judge you, right?

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      Become Debt-Free in 2018 with Minnesota Bankruptcy

      Posted by Wesley Scott on December 22

      Did 2017 wreak havoc on your finances? 2018 is almost here; while you’re stocking up on champagne, decorations, and party hats to ring in the new year, you probably can’t believe that 2017 has come and gone so quickly. As you sit down to write out your resolutions for 2018, have you thought about what you can do in the New Year to finally get rid of your debt for good?

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