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 »
Bankruptcy: An Often Overlooked Path to Financial Freedom – Why There’s No Shame in Starting Fresh
Debt can be overwhelming, especially when it feels like there’s no way out. Yet bankruptcy—a solution that can legally erase debts and provide a clean financial slate—is often misunderstood and underutilized. For many, it’s a powerful tool to reset their finances, protect essential assets, and reduce stress from unmanageable debt. However, misconceptions and stigma around… Read more »
Surprising New Study Shows That Chapter 13 Bankruptcy Prevents Divorce
According to a new study done by the Department of Finance of Rice University, American University, Virginia Tech., and the University of Rochester, shows that while divorce is a very complex situation to be in, a large portion of them are caused by some intense and sudden financial hardship. And this is where Bankruptcy comes into play. Chapter 13… 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 »
Top 4 things People Don’t Expect When Filing Bankruptcy
Bankruptcy sometimes doesn’t work the way people think it will work. Here are the top 4 ways that it doesn’t work the way people expect it to work: BANKRUPTCY AUTOMATICALLY INCLUDES ALL CREDITORS. That’s right, it automatically includes every company or person to whom you owe money. You can’t keep one loan or credit card… Read more »
How does Minnesota compare to the states with the highest ratio of Chapter 7 Bankruptcies?
Following on from our 2015 Minnesota Bankruptcy Statistics article, we thought we’d compare Minnesota to the states with the highest ratio of Chapter 7 / lowest 13 Bankruptcies in 2015. How does Minnesota compare to the states with the highest and lowest number of bankruptcies filed in 2015? How does Minnesota compare to the highest and lowest… Read more »
What is the average American Household debt?
So what is the average American household debt? According to Nerdwallet, the average American household owes: $170,000 – mortgage $48,000 – student loans $27,000 – car loan $16,000 – credit card debt (Q4, 2015). Surprised? So were we. The average American household owes more than $250,000 Owing more than a quarter of a million dollars,… Read more »
How does Minnesota compare to the highest and lowest per capita bankruptcy filings?
Following on from our 2015 Minnesota Bankruptcy Statistics article, we thought we’d compare Minnesota to the states with the lowest and highest number of per capita bankruptcy filings in 2015. How does Minnesota compare to the states with the highest and lowest number of bankruptcies filed in 2015? How does Minnesota compare to the state with… Read more »
How does Minnesota compare to the states with the highest and lowest number of bankruptcies filed in 2015?
Following on from our 2015 Minnesota Bankruptcy Statistics article, we thought we’d compare Minnesota to the states with the lowest and highest number of bankruptcies filed in 2015. How does Minnesota compare to the highest and lowest per capita bankruptcy filings? How does Minnesota compare to the state with the lowest ratio of Chapter 7 bankruptcies?… Read more »
Minnesota Bankruptcy Statistics 2015
Minnesota Bankruptcy Statistics 2015 We talk a lot about why people file for Chapter 7 Bankruptcy or Chapter 13 Bankruptcy, how the process works, and what to expect. Now over the next few weeks we’re going to give you some 2015 facts and figures regarding bankruptcy in Minnesota, and how bankruptcy in Minnesota compares to… Read more »
