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 […]
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Entries Tagged as 'Chapter 7 Bankruptcy'
Why You May Not Qualify for Chapter 7 Bankruptcy in Mankato, MN
December 18th, 2017 · No Comments
Tags: Bankruptcy Advice · Chapter 7 Bankruptcy
Secured Debts and Secured Properties Handled with Chapter 7 Bankruptcy in Fairmont, MN
October 30th, 2017 · No Comments
In most cases of bankruptcy, the individuals or businesses that file are struggling with multiple types of debt. These debts can involve mortgages, credit card debt, tax debts, and even personal loans. If you’re finding it impossible to meet payments on your debts, filing for bankruptcy might be right for you. Behm Law Group, Ltd. […]
Tags: Chapter 7 Bankruptcy
Treatment of Tax Debts in Chapter 7 Bankruptcy in Mankato, MN
October 10th, 2017 · No Comments
Like the vast majority of countries across the globe, the functioning of the U.S. government and the U.S. economy are largely related to the payment of taxes. While it’s important for everyone to chip into the country finances with taxes, it’s possible for debts related to taxes to be accumulated if a business or individual […]
Tags: Bankruptcy Options · Chapter 7 Bankruptcy
The Role of a Property Lien in Bankruptcy in St. Peter, MN
September 25th, 2017 · No Comments
If you’re considering filing for bankruptcy, you should understand that you must not only fully disclose all property that you own either entirely or in which you have any partial ownership interest but also provide your attorney sufficient documentation substantiating any such ownership interests/claims. You must provide your attorney with copies of all titles, deeds, […]
Tags: Chapter 7 Bankruptcy
Preference Claims and Transfers with Chapter 7 Bankruptcy in Marshall, MN
August 25th, 2017 · No Comments
In most cases, individuals and small businesses fight against filing for bankruptcy until it becomes clear that it is the most sensible option. In many cases, before the decision to file for bankruptcy is made, the filer attempts to meet or repair debts in many ways. Payments or money transfers are common occurrences before bankruptcy […]
Tags: Bankruptcy Advice · Chapter 7 Bankruptcy
Bankruptcy in Owatonna, MN, Since 2005
August 23rd, 2017 · No Comments
As with all departments of US legislation, bankruptcy is an ever-changing legal process. Because the status of finances and the economy are rapidly transforming with the development of new technology, new energy, and new ways to spend, save, and make money, the laws that govern how debt is handled must change accordingly. Since 2005 the […]
Tags: Bankruptcy · Chapter 13 Bankruptcy · Chapter 7 Bankruptcy
How Your Trustee Benefits When You File for Bankruptcy in Luverne, MN
August 17th, 2017 · No Comments
Understanding government and legal positions is a complicated business. The role of an employee and how they are compensated varies widely from position to position and department to department. Bankruptcy trustees are not employed by the United States Department of Justice. However, they are private attorney’s appointed by the United States Department of Justice and […]
Tags: Chapter 13 Bankruptcy · Chapter 7 Bankruptcy · Minnesota Bankruptcy
The Difference Between Disposable Income and Discretionary Income During Your Repayment Plan With Chapter 13 Bankruptcy in Windom, MN
August 15th, 2017 · No Comments
A common misconception about bankruptcy is that it’s a financial endgame, halting aspects of your economic and personal life. With Chapter 7, however, your finances are given a fresh start, free from most debts you faced before filing. With Chapter 13 your options are even broader to keep your life as unaffected as possible throughout […]
Tags: Bankruptcy · Chapter 13 Bankruptcy · Chapter 7 Bankruptcy
Understanding Executory Contracts During Chapter 7 Bankruptcy in Pipestone, MN
August 11th, 2017 · No Comments
If you’re considering filing for bankruptcy and your financial obligations outweigh your income, it’s likely you’ll qualify for Chapter 7 bankruptcy. This form of bankruptcy allows you to liquidate your assets to repay creditors and discharge certain crippling debts. The benefits of Chapter 7 bankruptcy can be significant. Some who need to file for bankruptcy […]
Tags: Chapter 7 Bankruptcy
Judgment Creditors and Your Assets with Chapter 7 Bankruptcy in Mankato, MN
August 7th, 2017 · No Comments
If your debts and financial obligations put you in a position where you may qualify for Chapter 7 bankruptcy, it’s important to consider that option before one or more of your creditors place a judgment against you in court. If you stall in meeting debts payments but refuse to use bankruptcy options to recover from […]
Tags: Bankruptcy · Chapter 7 Bankruptcy