Bankruptcy is an effective course of action for alleviating several types of debt, including credit card debt, mortgages, car loans, and medical bills. The system of bankruptcy is designed to provide debt relief if a filer is struggling with these common financial woes, but it’s not a system necessarily meant to relieve another very common […]
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Entries from December 2017
Bankruptcy Options for Student Loan Debt Relief in Owatonna, MN
December 21st, 2017 · No Comments
Tags: Bankruptcy Attorneys
Why You May Not Qualify for Chapter 7 Bankruptcy in Mankato, MN
December 18th, 2017 · No Comments
If you’re struggling to meet debt payments and financial obligations with your income, you’re most likely eligible for Chapter 7 bankruptcy. The two main types of bankruptcy, reorganization and liquidation, are designed for individuals and businesses with very different financial situations. Reorganization bankruptcy (Chapter 13) is an option for those with higher incomes who want […]
Tags: Bankruptcy Advice · Chapter 7 Bankruptcy
Trustee Compensation in Cases of Chapter 13 Bankruptcy in Owatonna, MN
December 13th, 2017 · No Comments
If you are considering filing for bankruptcy, you must prepare to work with a bankruptcy trustee for the entirety of your case. Your trustee will oversee your case at each stage, acting as an administrator for legal procedures and a communicator between all parties involved. If you qualify for Chapter 7, your case will likely […]
Tags: Chapter 13 Bankruptcy
Handling Medical Bills During Chapter 13 Bankruptcy in St. Peter, MN
December 11th, 2017 · No Comments
The individuals that file for bankruptcy in the U.S. often choose this option to relieve several kinds of accumulated debts. Most consumers hold the five common types of debt handled in a bankruptcy case, including credit card debt, mortgage debt, car loans, tax debt, and medical bills. Those struggling with the financial obligation of repaying […]
Tags: Chapter 13 Bankruptcy
Filing for Bankruptcy in Luverne, MN, Before or During the Holiday Season
December 8th, 2017 · No Comments
The holiday season is a time spent with family and friends, giving gifts, and attending festive gatherings. It’s also a time when the entire country greatly increases its spending. The pressure of spending more money during this time can place undue stress on those struggling with debt or going through a bankruptcy proceeding. However, the […]
Tags: Bankruptcy
Understanding Fraudulent Behavior When Filing for Bankruptcy in Windom, MN
December 4th, 2017 · No Comments
Bankruptcy relief is a very powerful remedy. Quite literally, with a few exceptions, all of your legal, contractual obligations to pay debts are discharged and nullified. Creditors can never pursue you for collection on those debts. If you do everything that is required by the bankruptcy code and the associated bankruptcy rules, the debt relief […]
Tags: Bankruptcy · Bankruptcy Advice