Behm Law Group, Bankruptcy Attorneys

Bankruptcy News & Recent Cases

Entries from November 2016

American Apparel® Files for “Chapter 22” and Why Small Businesses File for Bankruptcy in Mankato, MN

November 29th, 2016 · No Comments

For the second time in its 27 years as a U.S. free-trade fashion retailer, American Apparel® has filed for Chapter 11 bankruptcy—unofficially named “Chapter 22.” The company originally filed in 2015, struggled through its plans for financial recovery, and reentered U.S. bankruptcy courts in early November of 2016. American Apparel caters to the global market, […]

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Tags: Bankruptcy · Minnesota Bankruptcy

Understanding Reaffirmation Agreements when Filing for Chapter 7 Bankruptcy in Mankato, MN

November 22nd, 2016 · No Comments

Like most individuals and business owners, many of our clients are new to the bankruptcy process.  Many people view the bankruptcy process as being a perpetual black mark on their credit and an indictment of their personal character. This couldn’t be further from the truth. In fact, bankruptcy is a legal process specifically designed to […]

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Tags: Bankruptcy · Chapter 7 Bankruptcy

The Truth About Credit Counseling and Why Help From a Bankruptcy Attorney in Mankato, MN, is Still Important

November 15th, 2016 · No Comments

Before you file for bankruptcy in Minnesota, you are required to undergo a credit counseling course through a course provided that has been approved by the Office of United States Trustee. This is a government mandate that is designed to help American citizens who have had financial struggles severe enough to force them to choose […]

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Tags: Bankruptcy Attorneys

Foreclosure Proceedings with Chapter 7 and Chapter 13 Bankruptcy in Mankato, MN

November 8th, 2016 · No Comments

In the majority of cases, filing for bankruptcy puts Minnesota residents and businesses back on their feet by erasing or significantly lessening much of their financial burden. In terms of mortgage debts and foreclosure, filing for bankruptcy will almost always alter the conditions of your mortgage debts to some degree. At Behm Law Group, Ltd., […]

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Tags: Bankruptcy · Chapter 13 Bankruptcy · Chapter 7 Bankruptcy

Liens, Automatic Stays, and Set-Offs: Understanding Terminology Involved with Bankruptcy in Mankato, MN

November 4th, 2016 · No Comments

For many in precarious financial situations, the option of filing for bankruptcy seems to be only found down a long and complicated road of legal red tape and confusing fine print. At Behm Law Group, Ltd., we understand that it’s entirely normal for people and small businesses without a dedicated legal department to be unfamiliar […]

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Tags: Bankruptcy

Home Equity, Homestead Exemptions, and Keeping Your Home When Filing for Chapter 7 Bankruptcy in Mankato, MN

November 1st, 2016 · No Comments

In the U.S., there is often a negative shadow cast across the idea of going bankrupt. While the fear of struggling with extreme financial difficulties and being unable to pay back various debts is quite justified, bankruptcy is still stigmatized as the worst possible outcome. In reality, much of the anxiety about how bankruptcy will […]

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Tags: Bankruptcy Myths · Chapter 7 Bankruptcy