Minneapolis Bankruptcy Lawyer

If you’re struggling financially, then you might want to know “how can bankruptcy help me?”.

Here’s what you need to know.

• If you are being garnished, filing for bankruptcy in Minnesota will stop the garnishment or judgment and can get the money back.
• If you are in the foreclosure process, a Chapter 13 Bankruptcy stops the foreclosure and gives you 5 years to catch up on the mortgage.
• If you are behind on your car or truck payments or if a creditor is threatening repossession, a Chapter 7 Bankruptcy can stop that. Chapter 13 allows us to lower the interest rate and loan balance on car loans that are at least 2 and a half years old.
• Taxes that are 4 years old and older often go away in bankruptcy. Walker & Walker can pull the transcripts from the IRS to make sure. Bankruptcy is often easier than dealing with the IRS and Minnesota Department of Revenue.
• It is easy to fall into a debt trap which becomes a treadmill. If debt payments mean that you can’t save for retirement or an emergency fund, bankruptcy can fix that problem by stopping the debt payments.
• If your hours went down or you lost your job and you lost income, then bankruptcy is an organized way to lower your monthly expenses with dignity. Walker & Walker explains to the court and to the creditors why the case makes sense, and they must accept that you won’t give them more payments.
• If your business isn’t profitable and has debts, then we can either restructure loans, or help you exit a business without having the debt follow you or losing your personal assets to pay business debt.

Filing for bankruptcy might be right for you, speak to our MN bankruptcy lawyers today for a free consultation.

We offer free lawyer consultations to show how filing bankruptcy would improve your financial situation. Call (612) 824-4357 today!

Everyone’s situation is different – if you have questions regarding whether or not you qualify for bankruptcy, reach out to us today for a free evaluation.

The whole purpose of the bankruptcy consultation is to learn whether or not it would be a good idea for you to to file Chapter 7 Bankruptcy or Chapter 13 Bankruptcy.

The bankruptcy laws themselves are complex and numerous, so your lawyer needs to determine how the laws would work on someone in your financial situation. Your lawyer, however, doesn’t yet know your financial situation.

The most important thing to know before coming to your bankruptcy consultation is that you should keep an open attitude.

We have to ask lots of questions and know lots of information to make a bankruptcy work. If you don’t know everything at the first conference, it is ok.  We can always get some documents or make some phone calls to fill in missing information.

Walker & Walker Law Offices will never file bankruptcy for you when bankruptcy is not the right option.

The purpose of the consultation is to figure out how it would all work, and decide with your whether or not it would be a good idea to move forward and file the bankruptcy.

It’s a myth that filing for bankruptcy destroys your credit rating. To the contrary, filing for bankruptcy can put you on the path to a better credit score.