Chapter 7 bankruptcy is often referred to as a "fresh start" bankruptcy. The reason is most (but not all) unsecured debts are discharged (i.e. eliminated) such as credit card debt, utility bills, medical bills, and loans.
The United States Bankruptcy Code sets the qualifications for who can file a Chapter 7 bankruptcy. They are:
Chapter 7 Costs: $375 - Includes filing fee, credit counseling courses and credit report. These costs must be paid prior to filing.
Chapter 13 bankruptcy is sometimes referred to as a "repayment" plan because debtors pay some or all of their unsecured debts (interest free) over a 3-5 year plan. Your payment is based on what you can afford to pay (income minus expenses).
There are a few specific eligibility requirements for filing in Minnesota. Generally, a debtor must have the ability to make a payment on a bankruptcy plan and your debt may not exceed:
Chapter 13 Attorney Fee: In Chapter 13 Bankruptcy the court sets our fees. For households that make less than the median income in Minnesota, the attorney fee for Chapter 13 Bankruptcy is $3,000.00. For households that make more than the median income, the attorney fee is $3,500.00.
I filed my first MN Bankruptcy case in February, 1983. In the time since then, I have filed thousands more. I have the knowledge and expertise to resolve any debt problems very quickly and easily.
I understand the financial pressures my clients face because I experienced these same pressures growing up. I will make sure your case gets filed within days, not weeks, allowing you to immediately get on the road to a debt-free life again!
I can relate to the stress debt can cause. I have the solution to relieve your stress and get you back on solid ground. The biggest regret most of my clients have is waiting too long.
Helping people is my passion! I love the smile I get to see on my clients faces when they're finally debt free! Let me know how I can help.
I like helping people. Through my bankruptcy practice, I have helped hundreds of clients - individuals, families, and business owners - take back financial control of their lives and get the fresh start that they need.
I can truly relate to the pressures of overwhelming debt and uncertainty about how to move forward. My clients always leave our meetings with a clear-cut and straightforward plan.
I get to show individuals that getting a new financial start is not impossible. I get to give people confidence every day that life can be can better. What may be insurmountable today, can be managed.
I am the type of person who will drop everything to help someone else. That is one of the reasons I enjoy bankruptcy law so much, you are truly helping others when they need it most.
I understand that individuals considering bankruptcy are usually in a difficult point in their life. I want to be able to assist individuals with this process so they can reclaim a part of their life.
I have always had a desire to help people and unfortunately, a lot of issues come from money and debt. I can 100% understand the stress that life throws at you—but I also understand that it can be manageable.
I love practicing bankruptcy law because I provide a service that helps clients improve their lives. People come to us seeking assistance and we work hard to find solutions to their financial situations.