In nearly all my dealings with client I hear a common statement at the first meeting, "I want to or tried to pay back my debt." The statement runs contrary to what many will believe about individuals who find themselves in financial trouble. Many options...
Coming to terms with the idea that a bankruptcy is necessary is never easy. Just like the government many individuals are not earning enough money and are spending more than they earn. The end result is an accumulation of debt. Take recent news stories about...
In searching for a bankruptcy attorney one of the factors in deciding who to hire is what the cost is. A common problem for potential bankruptcy clients is they are too broke to go broke. Too broke to go broke is a nice way of...
Loss of personal property including: cars, houses, jewelry, and possessions, is one of the biggest fears individuals have. Many times the fear will keep individuals from filing bankruptcy when they should. Your chance of losing any personal property in bankruptcy is rare. The bankruptcy code provides...
Service members endure a lot including: low pay, time away from home, long hours and stress. One of the worst things that can happen to a veteran is finding that they have accumulated debt as a result of their sacrifice. Gratefully a portion of the...
Taking a business like approach to the decision on whether to keep your house or car is the best course of action. When I say take a business like approach I am speaking to the idea that businesses are often faced with tough decisions, but...
If you have received a letter from a MN bankruptcy trustee you have options. Undoubtedly the letter is demanding that you turn over or pay the trustee an amount of money paid to you by a person who has now filed bankruptcy. Typically, bankruptcy does not...
The issue of whether a fully unsecured second (2nd) mortgage can be stripped through the filing of a Chapter 13 bankruptcy is closer to being settled law. The 8th Circuit B.A.P. reversed the Minnesota Bankruptcy Court and held that fully unsecured home equity loans may...