Getting approved for renting apartments or other housing is a good reason to watch your credit score. Everyone knows that in the Twin Cities Metro, there is a housing shortage, so landlords have become more picky about which tenants they will work with. The Minneapolis City Council recently decided to change its laws on… Read more »
Why Should I Opt Out of Arbitration?
What Is Arbitration for a Loan? Arbitration is a sort of parallel court system that allows people and companies to opt out of using the courts of the United States to resolve disputes. It is very popular for lending companies like credit card and car loan companies. These big companies like to use it because… Read more »
Who Will Know About My Bankruptcy? Does It Go in the Newspaper? Google?
Facing Bankruptcy? Contact Walker & Walker Law Office Are you asking yourself “Who will know about my bankruptcy?” instead of actually filing Chapter 7 Bankruptcy or Chapter 13 Bankruptcy in Minnesota? Worried that your friends, family, colleagues and neighbors will know? Bankruptcy used to carry a series of negative connotations when it came to a… Read more »
Andrew Walker Wins a Court Victory Allowing Minnesota Homeowners To Keep the Money From Selling Their Homesteads
Bankruptcy Attorney Andrew Walker won a court victory in July, 2018 with the In Re Thomas, 17-43661 MER case, regarding the “Snapshot Rule”. This case, decided by the Bankruptcy Court for the District of Minnesota formally adopted the “Snapshot Rule” for how the proceeds from selling a house are treated in a Chapter 7 Bankruptcy… Read more »
Minnesota Changes Bankruptcy Laws to Protect Health Savings Accounts (HSAs)
The Minnesota legislature recently passed a law to make the first $25,000 that a person has in a Health Savings Account or HSA exempt from bankruptcy and exempt from judgment creditors or debt collectors who are trying to collect. This bill is called HF 2391 and was introduced by Senator Roger Chamberlain of District 38 to… Read more »
Toys R Us Files Chapter 11 Bankruptcy
Following on from the news that Toys R Us filed Chapter 11 Bankruptcy in September, we thought we’d explain more about why a company would file for Chapter 11 Bankruptcy, and how it compares a person filing for Chapter 7 Bankruptcy or Chapter 13 Bankruptcy. Business bankruptcies and personal bankruptcies have two basic similarities: 1. … Read more »
Why Do Celebrities File For bankruptcy?
It is usually relatively big news when celebrities file for bankruptcy. Many sports stars, business people, and entertainment stars have all filed for bankruptcy at some time. Willie Nelson, Courtney Love, Michael Jackson, Mike Tyson, and Pamela Anderson, and now 50 Cent are just some of the celebrities who have filed for bankruptcy. Why do celebrities… Read more »
Rapper 50 Cent Files for Bankruptcy
Rapper, actor and businessman 50 Cent is the latest in a long line of celebrities to feature in the news for filing for bankruptcy. Unlike many individuals who usually file for Chapter 7 Bankruptcy or Chapter 13 Bankruptcy, 50 Cent has filed for Chapter 11 Bankruptcy protection. Chapter 11 is often used by large businesses… Read more »
