The days leading up to making a decision to file for bankruptcy relief can be utterly chaotic. Filing for bankruptcy can be very stressful and scary because bankruptcy is highly nuanced and many people, including many attorneys, don’t have a working understanding of the process. With Behm Lawn Group , bankruptcy attorney on your side,
Coming back from bankruptcy as a fully employed worker can feel as difficult and daunting as one dare imagine. A lack of time outside of work, the stress of managing daily life or a family, and the logistics of financial stress can keep you running in place perpetually. The benefits of Chapter 13 bankruptcy are
Facing overwhelming debt is beyond daunting in our current economy. For many businesses in Waseca, MN, however, debt reorganization bankruptcy may offer a path towards financial recovery. The debt reorganization process allows debtors to restructure their debts, develop a manageable repayment plan, and regain control over their financial future. If you’re a business owner struggling
Rebuilding your future after Chapter 7 bankruptcy is a journey that requires resilience, determination, and no small amount of professional expertise. Though it’s the most common type of bankruptcy, Chapter 7 bankruptcy is different for everyone. That’s why it’s essential to find a bankruptcy lawyer who will closely review your individual case and personalize your
Any business venture comes with some risk. Most businesses don’t become profitable for at least two years. Unfortunately, about 20% of new businesses fail within two years; 45% fail within five years; and 65% fail within ten years of opening. There are many reasons why businesses fail, from low financing to overly rapid expansion, but
For individual consumers and businesses, several different types of bankruptcy are available. Individuals can file Chapter 7 liquidation cases that discharge debt in exchange for the sale of non-exempt property (in most cases, a person’s property is fully exempt and one does not lose property), or they can file Chapter 13 reorganization cases that restructure
There are several ways in our economic system to find permanent relief from debts that are significantly compromising your quality of life. These solutions range from working out an agreement with your creditors to filing for court-administered bankruptcy relief. If you have the right kinds of debt and your income isn’t meeting your expenses, bankruptcy
Dealing with debts you can’t consistently pay off each month can be one of the most stressful situations for individuals and households to face. Whether you’ve accrued debt from your mortgage, car loan, and credit cards, or had unexpected medical expenses, job losses, and other circumstances, those financial obligations can seriously compromise your quality of
If you’re facing debt you can’t repay, you might have considered some debt resolution options like one on one settlements with your creditors, a relief program, or debt consolidation. These options can be effective in relieving your debts in a few ways but none is as quick, reliable, efficient and permanent as a bankruptcy case.
Individual consumer bankruptcy cases can resolve most types of common debt for filers, including credit card debts, medical bills, mortgages, old utility bills, bounced checks, personal loans and car loans, among others. Many people are wary of resorting to bankruptcy because of the negative hit you can take to your credit when you file. The
