The difficulties of the coronavirus pandemic and a changing economy are still affecting all American citizens, and those effects come with significant financial struggles for many. The initial boost of stimulus checks, federal additions to state unemployment benefits, and room for accommodation on debt payments helped many stay out of bankruptcy throughout much of 2020.
In the midst of a global pandemic and a rocky political climate, there’s so much negative news that we are exposed to every day. However, one of the positives of the end of 2020 and the beginning of 2021 is that mortgage interest rates are extremely low, and the housing market is booming. If you’re
This is the third and final part of a blog series covering frequently asked questions regarding utility bills and bankruptcy. Because the coldest months of the year are just beginning, it’s important to keep gas, water, and other utilities running to protect your household or business from frozen pipes and interrupted hot water sources. When
This is the second part of a blog series covering frequently asked questions concerning utility bill debts and bankruptcy. The first part can be found here. Utility debts occur when you miss monthly utility payments for any period of time. As an unsecured debt (a debt that does not have collateral – secured by any
With the coldest months of the year just beginning, many family households that are in debt are wondering how the cold will affect their access to steady utility service. This blog is one part of a series covering frequently asked questions about utilities and debt relief through filing for bankruptcy in Minnesota. If your debts
During the holidays, many households struggle with the financial expectations of gifts, decorations, and fancy foods. If you are one of the many individuals having a hard time meeting debt payments, it may be time to take action for permanent debt relief. While there are options for debt relief outside of bankruptcy, such as
In the United States, the bankruptcy system was put into place to help balance the economy in times of a depression, support individuals and businesses who will never be able to repay their debts, and provide creditors with some form of possible compensation. If you are struggling to meet debt payments each month, you may
After the housing crisis in 2009, bankruptcy rates increased dramatically but they eventually stabilized around 2015. Since then, an average of 760,013 cases were filed throughout the following four years. Now that we’re ending a pandemic year, those numbers might fluctuate again, with shutdowns, layoffs, illness, and the lack of federally funded unemployment benefits all
As the only law firm practicing exclusively in bankruptcy in southern Minnesota, we’ve worked with many clients over the years at Behm Law Group, Ltd. Each of these clients had different financial circumstances, but they were all after the same goal of permanent debt relief and financial stability for themselves and their families. There are
At Behm Law Group, Ltd., we work with clients to guide them through Chapter 7, Chapter 12, and Chapter 13 bankruptcy cases and the bankruptcy code as a whole. We primarily work with individual consumers but also provide legal representation to small businesses. If you’re struggling to make debt payments each month, it may be
