In The News

Bankruptcy filings are rising across the nation and in Minnesota, with personal and business cases up 10.6% nationwide this year, according to a press release from the U.S. Courts.

As Congress returns from its August recess, the Senate is expected to consider raising Chapter 13 debt limits—a move that practitioners say would ease pressure on consumers from housing costs and student loans.

A new analysis reveals a record number of student loan borrowers have payments 90 days or more past due, and many could be weeks away from defaulting.

Attorney Andrew Walker is a colleague of mine in the American Consumer Bankruptcy College. Andrew is an expert in bankruptcy law and he manages Walker and Walker, a law firm based in Minnesota that was started by his father, Curt Walker, decades ago.

The federal government trumpeted the initial success of an initiative to make it easier to eliminate student loans when filing for bankruptcy — but a year later the results are more tepid than consumer advocates had hoped.

Government aid for both individuals and businesses made a difference, protecting some Twin Cities residents from personal finance calamity.