Having to think about bankruptcy in any form is generally considered the “end of the road” for businesses. In fact, in recent years we’ve seen a wide array of well-known department stores, event retailers, and craft businesses file for bankruptcy and then close for good. The reality is that in spite of these highly publicized
When you’re evaluating your financial situation and making a plan to move forward, it’s important to consider all the tools available. For Mankato, MN residents in overwhelming debt, Chapter 7 bankruptcy, also known as straight bankruptcy, is one such tool. If you feel trapped by debt and don’t know where to begin, Behm Law Group
For homeowners with a regular income but insurmountable debt, Chapter 13 bankruptcy, also known as wage-earner bankruptcy, can be a transformative process. If your bills are no longer possible to handle and you’re interested in exploring bankruptcy as a solution, Behm Law Group can help you select, file, and plan for the best-suited bankruptcy type
0hapter 7 bankruptcy is an excellent tool when it comes to comprehensive financial recovery. An effective, well-managed bankruptcy has the ability to give St. Peter, MN individuals a fresh start without the debts that were holding them back. However, without careful financial planning, it’s all too easy to fall into the same pitfalls that preceded
For most laypeople, the term ‘bankruptcy’ brings to mind images of big business. Rarely is bankruptcy considered in relation to our local family farmers and family fishermen. Just because it isn’t the standard stereotype, however, doesn’t mean it’s irrelevant to these particular family businesses that operate outside of the traditional business scene. Chapter 12 bankruptcy
Owning and operating a local Owatonna, MN business is a deeply worthwhile and fulfilling process. Whether you’re starting from scratch or carrying on a legacy, finally getting things off the ground is life-changing. That is, in part, why when things take a turn and you find yourself and your business struggling financially, it’s beyond devastating.
Filing for Chapter 7 bankruptcy, also known as straight bankruptcy, isn’t a decision that anyone makes lightly. Usually, filing takes place after months or years of struggling to make things work. Maybe a career switch, a major life change, or a relocation factored into the decision. No matter what path was taken, it’s understandable to
Chapter 13 bankruptcy is a hurdle that, at the start of the filing process, can appear impossible to clear. You may be going through major family changes, business struggles, or other tumultuous life events that have contributed to your need for bankruptcy. This, when combined with the inability to envision a stable financial future, can
Following your Chapter 7 bankruptcy in Owatonna, MN, it can be difficult to envision a financial path forward. Rebuilding after bankruptcy doesn’t happen in a day, and in fact can take months and years in order to regain your equilibrium. While this can sound daunting to individuals just beginning their recovery journey, that time is
Bankruptcy is, at its core, a tool for individuals in need of financial relief. Selecting the right tool for the job, however, is more complicated than it looks. The specific types of bankruptcy chapters were designed to best suit various financial situations. Depending on your financial status, career, and asset portfolio, you might consider Chapter
