How does bankruptcy affect your credit score? Behm Law Group Ltd. explains. It should go without saying that filing for bankruptcy can carry with it certain consequences. While bankruptcy protections are in place to relieve many of the burdens of crushing, intolerable debt, filing for bankruptcy can impact your life in many ways over the
Behm Law Bankruptcy Law Firm in Mankato, MN Bankruptcy is a difficult decision to come to terms with. Bankruptcy carries a stigma that permeates our culture, and this is particularly true when it comes to personal bankruptcy. Whereas business bankruptcy is almost considered an expected risk that could very well come to pass—although it’s still
Mankato, MN Bankruptcy Law and Mortgage Lien-Stripping – Behm Law Group, Ltd. Bankruptcy law can turn on a dime, or at least a dollar. Consider, for example, the “mortgage lien-stripping” clause found in Chapter 13 bankruptcy. In cases where a debtor has a home with more than one mortgage, mortgage lien- stripping may come into
Mankato, MN Bankruptcy Law with Behm Law Group, Ltd. Generally speaking, discharging student loans via bankruptcy can difficult endeavor. However, when you’re facing outright bankruptcy—which can be challenging and stressful enough—it can’t hurt to explore all your options. It may surprise some people to learn there is a section of the Bankruptcy Code (11 U.S.C.
Minnesota Bankruptcy Lawyers at Behm Law Group Ltd. If you wish to keep your friends and family members in your good graces, don’t attempt to transfer property to them if you anticipate filing for bankruptcy within the next two years and they don’t pay you a reasonable market value for the property. Embarking on such
Mankato, MN Bankruptcy Attorneys at Behm Law Group, Ltd. If you made a credit card payment of more than $600, and within 90 days—the preference period—of that payment you filed for bankruptcy, your bankruptcy trustee can request to reclaim that payment. Don’t get too excited, however, because you won’t be getting that money back. Rather,
Minnesota Bankruptcy Attorneys at Behm Law Group, Ltd. One of the biggest fears people have about filing for bankruptcy is the belief that they will lose their home if they file. It’s a valid concern, but it’s a consideration that can be rather complicated and depends on your particular situation as well as the law
Tips from Minnesota Bankruptcy Attorneys- Behm Law Group Student loans are generally understood to be “exempt” when it comes to bankruptcy protection. If you have student loans, you are required to pay them back in full, and the federal government has put rules into place to ensure that debt is collected. There are provisions that
Considering bankruptcy in Minnesota? Behm Law can help. Commercials for big credit card companies make it look and sound like their only intent is provide you with an easy alternative to cash or checks to help all your “wants and needs” come true. The commercials show happy people buying bag-loads of goods at high-end stores,
How does the government shutdown affect Minnesota Bankruptcy? Unless you’ve been on an extended vacation in a far-away land with limited access to television, radio, or internet, you have heard about the U.S. government shutdown. The media calls it a “partial shutdown.” You may be wondering, “How does the government shut down relate to Minnesota
