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Entries from July 2018

Understanding a Hardship Discharge with Chapter 13 Bankruptcy in Luverne, MN

July 31st, 2018 · No Comments

When you file for Chapter 13 bankruptcy, your debts will be restructured into a three to five-year repayment plan that fits your income and financial situation. For those with incomes too high to pass the Means Test or who wish to hold on to most of their nonexempt properties, Chapter 13 is a highly effective […]

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Tags: Bankruptcy Advice · Bankruptcy Attorneys · Chapter 13 Bankruptcy

Key Factors that Affect the Repayment Plan Structure of Bankruptcy in Windom, MN

July 25th, 2018 · No Comments

Today, Chapter 7 is the most common form of bankruptcy for both individuals and businesses. Because the Chapter 7 process is only available to those with income-to-debt ratios lower than the Minnesota median, bankruptcy is often associated with unemployment or even financial ruin. However, bankruptcy is an option to people and businesses with a wide […]

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Tags: Bankruptcy · Bankruptcy Advice · Bankruptcy Attorneys · Bankruptcy Code · Bankruptcy Options · Behm Law Group · Chapter 13 Bankruptcy · Minnesota Bankruptcy

Choosing Chapter 13 when You Qualify for Chapter 7 Bankruptcy in Mankato, MN

July 18th, 2018 · No Comments

Financial recovery through the federal process of bankruptcy is a public option for all businesses and individuals, but there are eligibility standards for any bankruptcy case. If you want to file for liquidation bankruptcy, for example, you must pass the Means Test to qualify for a Chapter 7 petition. If you’re ineligible for Chapter 7, […]

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Tags: Bankruptcy · Chapter 13 Bankruptcy

Breakdown of Payments to Unsecured Creditors for Chapter 13 Bankruptcy in Pipestone, MN

July 18th, 2018 · No Comments

When you file for bankruptcy, the people or organizations you owe money to are broken down into several different types of creditors. Generally, these creditors are considered as priority, secured, and unsecured. Within these categories, there is a simple hierarchy: priority creditors are repaid in full, secured creditors are paid the value of their collateral […]

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Tags: Bankruptcy · Bankruptcy Advice · Bankruptcy Attorneys · Bankruptcy Code · Bankruptcy Information · Bankruptcy Options · Chapter 13 Bankruptcy · Minnesota Bankruptcy

What Happens When Retirees File for Bankruptcy in Redwood Falls, MN

July 11th, 2018 · No Comments

Financial difficulties can occur for any number of reasons at any time in one’s life, but with the accumulation of debt into retirement and a decrease in income, retirees are increasingly becoming more likely to file for bankruptcy. Several studies have shown that in the past twenty years, the percentage of 65 or older bankruptcy […]

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Tags: Bankruptcy · Bankruptcy Advice · Bankruptcy Attorneys · Bankruptcy Information · Minnesota Bankruptcy