Which Is The Better Option For Me? If you are considering bankruptcy, you may have been doing your reading on both Chapter 7 and Chapter 13 bankruptcy in order to determine which is the better choice. In truth, neither is better than the other innately. It is more accurate to say that one may be… Read more »
How Much Do I Have To Be In Debt To File Chapter 7?
Filing For Bankruptcy in Minnesota Starts By Calling Walker & Walker Many people across the globe are finding themselves under increasing pressure due to the amount of debt that is piling up. While many people may not have a huge amount of debt, the ability to pay everything back is becoming more improbable. When people… Read more »
How Long Does Chapter 7 Bankruptcy Discharge Take In Minnesota?
Walker & Walker Can Help You File Chapter 7 Bankruptcy When debts get out of control, and someone can no longer pay them, one of the smartest legal options is to declare bankruptcy. However, if you’re looking to declare Chapter 7 bankruptcy in the state of Minnesota then there are certain things you need to… Read more »
Bankruptcies Expected To Rise Due To Coronavirus Fears
Bankruptcy Filings To Increase During COVID-19 Pandemic Unfortunately for the world of business and homeownership, bankruptcies are not expected to decline during this tumultuous time. In fact, it looks as though they’re going to continue rising and remain consistently high for the rest of the foreseeable future. Does this indicate a full-on crisis in the credit market?… Read more »
Chapter 7 Bankruptcy, Minnesota’s Xcel Energy and Keeping Utilities On
Many of our Minnesota clients are worried about more than just credit card debt-they also fear having their utilities shut off, especially during the world we live in these days with coronavirus. What happens when you have used up all of your available resources, yet still owe a sizeable amount to Xcel Energy? Can filing for Chapter… Read more »
How Do You Know When to File Personal vs. Business Bankruptcy?
Twin Cities Bankruptcy Lawyers Fighting For You People don’t like the idea of bankruptcy. It is something that many people fear having to claim, especially if they have a small business, own their own home, etc. Owning a small business and needing to file bankruptcy is a scary situation. In reality, filing bankruptcy usually fixes… Read more »
What is Chapter 7 Liquidation?
Minnesota Bankruptcy Attorneys Fighting For You When a debtor files for protection under Chapter 7 of the bankruptcy code, they must meet certain financial criteria. Chapter 7 may be used by both individuals and small business owners who can meet the guidelines. This criterion is based on the median income in the state in which… Read more »
How Do I File Chapter 7 With No Money?
One of the biggest challenges of bankruptcy is that people need to file bankruptcy because they don’t have any money, but it COSTS MONEY to file bankruptcy. Bankruptcy makes people money because it stops debt payments and improves net worth, but it only does this when the case is actually filed, which costs money. What… Read more »
What Happens If Your Chapter 7 is Dismissed?
Bankruptcy Attorney Serving Twin Cities While it is not something that happens often, it is possible for your Chapter 7 bankruptcy case to be dismissed by the court. What a bankruptcy dismissal means is that you do not qualify for the bankruptcy process and thus the filing is dropped. While this sounds particularly scary, if… Read more »
What Steps Do I Need to Follow to File Bankruptcy?
The most common form of bankruptcy relief is Chapter 7. Most consumers who find they are facing overwhelming debt find this is the best option for their needs since it allows them to get a completely fresh start if they qualify. These are the steps you need to take to file a Chapter 7 bankruptcy. Step One:… Read more »
