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...
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...
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...
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...
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...
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...
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....
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...
