Student loans have become a defining financial burden for many across the United States. For those struggling under the weight of insurmountable debt, the path to relief often feels impossible. At Walker & Walker, we believe everyone deserves a chance at financial freedom, and we’re proving it can be achieved. We are proud to announce… Read more »
Minnesota Shuts Down Fraudulent Debt Settlement Companies – Why Bankruptcy with Walker & Walker is a Better Option
In a recent victory for consumer protection, Minnesota Attorney General Keith Ellison has successfully shut down two fraudulent debt settlement companies, Financial Solutions Group and Accelerated Debt Settlement, that misled consumers and illegally collected over $1 million in fees. Under a settlement agreement, the companies must cease operations in Minnesota and provide full refunds to… Read more »
Navigating Financial Challenges: Walker and Walker’s Leading Role in Minnesota’s Increasing Bankruptcy Cases and Student Loan Relief
During challenging financial periods, Walker and Walker serves as a reliable source of assistance, offering crucial support to individuals such as Jenny George as they navigate the complexities of debt management. A recent report by KSTP has brought to light the significant financial struggles encountered by many in Minnesota, with student loans and credit card… Read more »
New York Bankruptcy Court Allows Discharge of Some Private Student Loans
Is the trend changing for whether student loans can be discharged in bankruptcy? One court in New York is willing to go against the grain and rule for the student loan borrower. This court found that the borrower’s specific type of loan did not count as a student loan. Read the opinion here. There are… Read more »
Does My Bankruptcy Go in the Star Tribune?
THE VAST MAJORITY OF BANKRUPTCIES DO NOT GO IN THE STAR TRIBUNE People often ask me if their bankruptcy filings will go in the newspaper in Minnesota. The short answer is that the Star Tribune only publishes business bankruptcies. Right now, about 40-60 people per day file bankruptcy, so it would take lots of space… Read more »
!Garnishments are Back!
Earlier this week, the governor’s orders preventing wage garnishments and bank levies started to expire. There are still some limitations in place, but as far as creditors are concerned, they can start taking your money NOW! Garnishments are awful. No one wants to wake up one day to find their bank accounts empty or be… Read more »
John Oliver Tonight Did An Episode On Bankruptcy – It’s All True
Here is a link to the episode on youtube. https://www.youtube.com/watch?v=GzFG0Cdh8D8 The realities of filing bankruptcy are rarely mentioned on regular media, but on 4/18/2021 John Oliver Tonight did an episode about it. Walker & Walker agrees with most of his points! The credit counseling course and financial management course are unnecessary and stigmatizing. People file… Read more »
$1400 Stimulus Is Protected In Bankruptcy, But Only If you File
THE $1400 STIMULUS CHECKS ARE PROTECTED IN BANKRUPTCY $1400 stimulus check are starting to arrive in peoples’ bank accounts, but is it protected in Bankruptcy? YES, The March 2021 checks are protected in bankruptcy. There is a special piece of the law that gave the $600 checks to everyone that also protects the $1400. This… Read more »
Walker & Walker agrees that Bankruptcy is a solution to the student loan crisis
The Minneapolis Star Tribune recently ran an opinion piece stating that bankruptcy is a natural solution to the student debt crisis. https://www.startribune.com/bankruptcy-is-the-solution-to-the-student-loan-crisis/573469491/ At Walker & Walker, we completely agree! and that isn’t just because we are bankruptcy lawyers. Bankruptcy has long been a special piece of the American Financial and Legal system that keeps borrowers… Read more »
I Owe Minnesota Unemployment Compensation For an Overpayment. Can Bankruptcy Help?
Sometimes an unemployment overpayment will go away in bankruptcy, but usually it survives. Whether it goes away or not depends on whether the overpayment . Chapter 13 Bankruptcy will also stop garnishment for unemployment for up to 5 even if the overpayment doesn’t get discharged in the bankruptcy. This is because bankruptcy gives you an… Read more »
