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Nelson Law Office

Call Today : 507-205-9696

  • Home
  • Practice Areas
    • Divorce, Custody And Support
    • Real Estate Transactions
    • Bankruptcy And Debt Relief
    • Estate Planning And Elder Law
  • How I Can Help You
  • Blog
  • Contact My Office
Nelson Law Office

Call Today: 507-205-9696

  • Home
  • Practice Areas
    • Divorce, Custody And Support
    • Real Estate Transactions
    • Bankruptcy And Debt Relief
    • Estate Planning And Elder Law
  • How I Can Help You
  • Blog
  • Contact My Office
Bankruptcy
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  2.  | Category: "Bankruptcy"

Bankruptcy

Why choose to pursue Chapter 13 protection?

On Behalf of Nelson Law Office | Jul 2, 2021 | Bankruptcy

If you are looking to reorganize your debt, it may be worthwhile to look into filing for Chapter 13 bankruptcy. Although you will need to make payments to creditors for up to five years, you'll be able to keep your Minnesota home, car or other assets throughout the...

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How do you pass a means test?

On Behalf of Nelson Law Office | Mar 11, 2021 | Bankruptcy

If you qualify for Chapter 7 bankruptcy in Minnesota, the court will discharge most of your unsecured debts by the end of the process. However, the bankruptcy court needs to know that you genuinely can't pay off your loans and aren't just looking for a quick way to...

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What are the 2020 bankruptcy trends?

On Behalf of Nelson Law Office | Jan 4, 2021 | Bankruptcy

Every year, hundreds of people in Minnesota and around the country file for bankruptcy. Bankruptcy can have a drastic impact on your credit score, but for many people, it's their only chance to get out of debt and get their finances back in order. Here are some...

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3 Ways to overcome credit card debt

On Behalf of Nelson Law Office | Oct 30, 2020 | Bankruptcy

If you’re drowning in credit card debt, you can at least take comfort in the fact you’re not alone. Though having credit is necessary to make large purchases and build a strong financial foundation, unfortunately, credit cards are one of the most expensive ways to...

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Can you keep your home after filing bankruptcy in Minnesota?

On Behalf of Nelson Law Office | Oct 8, 2020 | Bankruptcy

Many people fear the prospect of filing bankruptcy. No matter how dire their financial straits, they may worry that they will lose most of their assets – including their home – during proceedings. In some cases, this happens. Yet, if you find yourself in this...

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What kind of debt can bankruptcy discharge?

On Behalf of Nelson Law Office | Aug 19, 2020 | Bankruptcy

Bankruptcy is a powerful tool that can help people take back control over their financial situation. While this option has many potentials to eliminate most of a person’s debt, it cannot remove all forms of debt. What kind of debt can Chapter 7 bankruptcy discharge...

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What is the means test in bankruptcy?

On Behalf of Nelson Law Office | Apr 24, 2020 | Bankruptcy

There are a lot of reasons to consider filing for bankruptcy. Before you do so, you need to determine which chapter you should file. This process begins with the bankruptcy means test, which will tell you if you are eligible for forgiveness by filing with Chapter 7....

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What’s the difference between Chapter 7 and Chapter 13 bankruptcy?

On Behalf of Nelson Law Office | Apr 24, 2020 | Bankruptcy

If you are drowning in debt and are considering filing bankruptcy, you’ll first need to decide which type of bankruptcy you’ll seek. For personal bankruptcy, there are two options: Chapter 7 and Chapter 13. But what’s the difference between these? Could you choose...

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