Behm Law Group, Bankruptcy Attorneys

Bankruptcy News & Recent Cases

Entries from February 2017

What, When, and Why With the Wildcard Exemption When Filing for Chapter 7 Bankruptcy in Fairmont, MN

February 27th, 2017 · No Comments

When it comes to Chapter 7 bankruptcy, the idea established with the bankruptcy code was to find a balance between the discharging or getting rid of one’s debts and allowing one to retain enough assets to reorganize and not endure further financial hardship.  Indeed, it would not make much sense and it would not be […]

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Tags: Bankruptcy · Chapter 7 Bankruptcy

Motor Vehicle Exemptions and Keeping Your Vehicle When Filing for Chapter 7 Bankruptcy Relief in Redwood Falls, MN

February 22nd, 2017 · No Comments

At Behm Law Group, Ltd., we have often found that our clients considering bankruptcy know they could benefit from filing for Chapter 7 but balk at the idea of possibly losing some of their assets.  However, the concern about losing assets is often exaggerated.  The drafters of the bankruptcy code understood the need for households to […]

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Tags: Bankruptcy · Chapter 7 Bankruptcy

How Divorce and Filing for Bankruptcy in Mankato, MN, Affect Each Other

February 17th, 2017 · No Comments

Bankruptcy affects individuals of all economic statuses, and the people involved in a bankruptcy case or struggling financially are also often facing many other challenges in their lives. Unfortunately, low income and high debt—according to  statistics—are a leading cause of weakened relationships. At Behm Law Group, Ltd., we’ve found that some of our clients are […]

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Tags: Bankruptcy

Navigating the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 and Qualifying for Bankruptcy With the Help of a Bankruptcy Attorney in Fairmont, MN

February 13th, 2017 · No Comments

Since the mid-80s, the commercial world has changed considerably as digital consumerism streamlined the way we spend money in the US. To address issues with these unprecedented technological advances, the US government had to respond with new laws. When it comes to US bankruptcy, the Bankruptcy Code was amended in 2005 to protect consumers and […]

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Tags: Bankruptcy Attorneys

Why the Small British Car Company Zenos Went Bankrupt and Why It Matters for Small Business Bankruptcy in St. Peter, MN

February 9th, 2017 · No Comments

In today’s technology-rich digital age, small businesses have more expenses than ever before. While these expenses all open up incredible marketing and product design outlets for small businesses, the increase in number and variety of expenses also leads to an increase in the potential for going into debt. If you own a small business that’s […]

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Tags: Bankruptcy

The Top 3 Mistakes Made on the Minnesota Means Test When Filing for Bankruptcy in Jackson, MN

February 6th, 2017 · No Comments

Chapter 7 bankruptcy can be incredibly beneficial for those who are struggling with credit card debt, unmanageable mortgages, and most other forms of accumulated debt. Financially, Chapter 7 discharges the majority of your debt and liquidates your non-exempt assets in order to pay your creditors. While these may seem like drastic measures, Chapter 7 bankruptcy […]

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Tags: Chapter 7 Bankruptcy