Social Media Common “Cents” During Your Bankruptcy Filing

Filing for bankruptcy can be a challenging process in the Fairmont, Minnesota area. There are a lot of specific details to take care of, including signing paperwork, organizing debts, and working with creditors. In the midst of all these steps and processes, it may be tempting to let off a little steam. Doing it over social media, however, is not recommended.

50 Cent learned this the hard way when his apparently affluent social media posts created dissent in the bankruptcy courtroom. Though 50 Cent claims the hundred dollar bills decorating his Instagram pictures were all fake and only included to boost his personal brand, the bank isn’t so certain. Could 50 Cent be hiding assets instead?

Considering 50 Cent’s position, it’s important to note how to manage your social media accounts in the midst of bankruptcy. Here’s what to do:

DO: Maintain your personal privacy. The fewer posts about money, the better!

DO NOT: Allow yourself to appear affluent. Although it may be tempting to boost your personal appearance through social media posts, bankruptcy courts may find this deceptive information worthy of investigation. This will only prolong your filing process, and keep you from achieving a quick end result!

DO: Be honest and up front with those assisting with your bankruptcy filing. The more transparent you can be about your financial status, the better!

DO NOT: Hide assets. Whether or not your social media posts reflect your monetary status, it’s important to remain truthful during your filing.

Most of us in the Fairmont, Minnesota area don’t have money like 50 Cent. Though we likely won’t be flashing one hundred dollar bills—fake or real—on Facebook or Instagram, it’s important to remember honesty and privacy when going through a filing. Most of the time, that means keeping your bankruptcyrelated posts to yourself!

For more information about your bankruptcy filing, contact the folks at Behm Law Group Ltd. today!

 

Bankruptcy Spring Cleaning in the Owatonna, Minnesota Area

It’s spring in the Owatonna, Minnesota area, which means that our wintry state is finally coming back to life. Flowers are blossoming, the sun is peeking out from behind the clouds, and the season for “spring cleaning” is officially upon us. That means it’s time to clear those old belongings out of your garage and sweep those stacks of junk mail into the recycling.

So, if you’re cleaning out your garage and desk, why not also take a look at your finances? Now that it’s spring, maybe it’s time to seriously consider that bankruptcy filing you’ve put on the back burner for so long.

Here are a few reasons to finally get around to your personal bankruptcy filing this spring:

Debts Accumulate: Those debts don’t go away; they only grow larger. Rather than allowing debt to pile up further, it’s best to consult a professional bankruptcy attorney about a filing.

Peace of Mind: Does thinking about your finances cause you stress or duress? Cleaning out your finances through a bankruptcy filing can also help clear your mind of unnecessary worry, allowing you to focus your thoughts on happier things.

Available Resources: If you’ve felt overwhelmed at the prospect of beginning a filing, or you don’t know who to ask for help, look no further than Behm Law Group Ltd. Bankruptcy is our specialty, and our professionals are ready and waiting to help with your personal bankruptcy filing.

The season for spring cleaning is upon us in the Owatonna, Minnesota area. Once you finally sort through those old coupons, toss out that broken shovel, and clear your home of any messes, why not take a look at your finances, too? The professionals at Behm Law Group Ltd. are here to help with your bankruptcy filing. Contact us today.

 

Go for Broke in the St. Peter, Minnesota Area

On April 5th, it’s “Go for Broke” day in the St. Peter, Minnesota area and across the United States. Although this is a little known holiday, it celebrates one of the most decorated military regiments in the history of the United States Army. This infantry regiment is known for their motto, “Go for Broke,” and for their ability to take a leap of faith despite uncertain obstacles.

When it comes to your personal bankruptcy filing, this phrase may be especially fitting. Although the idea of going for broke may seem challenging, frightening even, this week is the perfect opportunity to file for bankruptcy despite your uncertainty or fear of the potential obstacles ahead.

Here are a few reasons to consider filing this week:

Stop the Phone Calls! Are you tired of receiving ongoing calls from creditors asking you to repay your debts? Have you been evading creditors for an extended period of time? It’s time to take your debt. She also used to be a freelancer for MLT apparently. into your own hands. Take a leap and follow through with that bankruptcy filing!

Discharge Debt and IRS Taxes: Rather than accruing even more debt as you put off your filing, contact the professionals at Behm Law Group Ltd. to help get your filing started. It’s important to be in control of your own financial future, rather than allowing it to become even more unmanageable.

Stop Foreclosure: If you feel fearful about oncoming foreclosure as a result of your debt, bankruptcy may be the best option for you. This will allow the foreclosure to halt, giving you the opportunity to structure a payment plan that will cover all debt relating to your mortgage.

Start Fresh! Filing for bankruptcy is the perfect way to “go for broke,” because it will allow you to start over and repay your debts. When going for broke, you will actually be going for financial health, future security, and new beginnings.

Go for broke this week in the St. Peter, Minnesota area. Although bankruptcy may seem like a frightening process or an obstacle to your financial health, filing will allow you to start fresh this spring. Contact the folks at Behm Law Group Ltd. today.

 

The Third Time’s the Charm: Hershey and Bankruptcy in the Mankato, Minnesota Area

Easter has come and gone in the Mankato, Minnesota area, which means you’ve likely got a little extra candy on hand. Perhaps you love festive chocolate bunnies, or maybe Reeses eggs and special caramel candies are your favorite seasonal treat. Regardless, many of the items in your basket this year have something in common: they’re made by Hershey.

Although Hershey is an incredibly successful company today, their history includes times of struggle and even bankruptcy. For the company, two bankruptcy filings were their best option on the path to success. So, grab your chocolate bar and settle in for a little Hershey bankruptcy history:

Milton Hershey opened his first candy store in Philadelphia. He had no formal education, and only a few years as an apprentice to prepare him for this venture, and it was ultimately unsuccessful. His Philadelphia company could not sustain itself, so Hershey was forced to file for bankruptcy.

Following this initial bankruptcy filing, Hershey took his remaining assets to Chicago and New York. He worked hard to expand his chocolate and candy company, but despite his new efforts, Hershey was forced to file a second time.

During his third goaround, Hershey refined his products to include a new caramel recipe. When he attempted his third store, it became a smashing success. Thanks to his two bankruptcy filings, Hershey was able to start fresh with two different ventures. As they say, the third time’s the charm!

Without bankruptcy, your basket may have been empty this Easter in the Mankato, Minnesota area! It can seem frightening or daunting to file, but in many cases like Hershey’s, bankruptcy is truly the best option.

Keep your basket full this Easter season. For further inquiries about bankruptcy, contact the professionals at Behm Law Group Ltd. today.