Helpful Bankruptcy Information

Written By: Wesley W. Scott

MN Bankruptcy Lawyer Since 1972


Jun 26, 2017
Two of the most common bankruptcy myths lead people to believe that you will lose everything you own and you will never be able to own anything in the future. Both of these are false. Most people who file bankruptcy don’t lose anything and …
Jun 21, 2017
A discharge is a legal term used during bankruptcy and refers to the elimination of your liability from your debts. If you file Chapter 7 your discharge will be granted immediately upon case closing or if you file Chapter 13, your discharge…
Jun 19, 2017
Over the last three weeks I wrote about the ability of Chapter 7 debtors to access credit after receiving a bankruptcy discharge. Now, let’s look at the ability of Chapter 13 debtors to access credit - and because of the length of time Chapter…
Jun 18, 2017
To initiate the chapter 7 bankruptcy process you must file a petition. Along with this petition you must file the following: Schedule of assets & liabilities Schedule of current income and expenditures Statement of financial…
Jun 17, 2017
Using a Bankruptcy Attorney to help you File a Chapter 13 Bankruptcy will be one of the best decisions you make, apart from your initial decision to get your life and finances back on track by filing bankruptcy. The bankruptcy code, co…
Jun 16, 2017
Your stress will begin to diminish the day you decide to file Chapter 7 bankruptcy. Taking action against your debts will take some of the pressure off – but taking action to abolish your debt completely will have you sleeping peacefully at…
Jun 10, 2017
Filing for bankruptcy can give you a chance to start over financially. Knowing the correct information about this process and its potential results is absolutely necessary when considering whether or not to file. Bankruptcy is a legal proce…
Jun 9, 2017
Debt consolidation consists of combining all of your unsecured debt payments into one. This may involve taking out a loan, entering into a debt consolidation program or Filing Chapter 13 Bankruptcy. Now, what are unsecured debt payments?
Jun 8, 2017
If you live in or near Monticello, MN, and you are suffering from overwhelming debt, what is the first thing you need to do? That is what our guests really want to know. They ask me all the time- Wes, what is the first step I need to take? If …
Jun 7, 2017
The Minnesota Bankruptcy Process isn’t as scary, threatening or intimidating as many believe. In fact, if you have an attorney on your side, these fears will likely be non-existent. It also helps to know that you are not alone. Many people …