Behm Law Group, Bankruptcy Attorneys

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Entries Tagged as 'Bankruptcy Options'

Differences Between Discharge, Settlement, and Dismissal for Debt Relief in New Ulm, MN

November 11th, 2018 · No Comments

In this fast-paced world, it’s easy to rack up a lot of debt from various sources. Whether you have debts from mortgages, cars, credit cards, medical bills, or any number of other sources, you have the obligation to repay those debts. If you’re unable to meet debt payments each month, there are several methods to […]

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Tags: Bankruptcy · Bankruptcy Advice · Bankruptcy Code · Bankruptcy Information · Bankruptcy Options · Minnesota Bankruptcy

Minimum and Maximum Debt Amounts Allowed to File for Bankruptcy in Worthington, MN

November 5th, 2018 · No Comments

If you’re preparing to file for bankruptcy, it’s important to understand the limitations before entering into the process. Bankruptcy is an extremely beneficial tool for those struggling with debt, even with a high income. Despite its effect on your financial credit rating, bankruptcy is an effective solution for immediate financial recovery and long-term stability for […]

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

First Three Critical Steps in Filing for Bankruptcy in Redwood Falls, MN

September 19th, 2018 · No Comments

Life is full of unexpected events. When it comes to debt and financial difficulties, it’s best to deal with those life events head on. You may have accumulated debts over the years or be struggling with sudden expenses, but whatever the reasons leading up to severe debt, you don’t have to face it alone. Getting […]

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Tags: Bankruptcy · Bankruptcy Advice · Bankruptcy Information · Bankruptcy Options · Minnesota Bankruptcy

Successfully Getting Credit During Repayment of Chapter 13 Bankruptcy in Mankato, MN

August 21st, 2018 · No Comments

  Bankruptcy is often viewed as a last option for those with extreme debt and low income, but there’s more than one kind of bankruptcy available to individuals and businesses. Chapter 7 bankruptcy is the type of bankruptcy that fits the description that’s most often associated with being bankrupt due to the liquidation of the […]

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

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

How Discharge Plays a Part When You File for Bankruptcy in Mankato, MN, More than Once

June 26th, 2018 · No Comments

The purpose of the U.S. bankruptcy system is to relieve individuals and businesses from debts and protect creditors from severe losses. In a nutshell, this process is built to be balanced and fair for all parties involved. This also means that the nature of the bankruptcy system prevents filers or creditors from abusing the benefits […]

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Tags: Bankruptcy · Bankruptcy Advice · Bankruptcy Code · Bankruptcy Information · Bankruptcy Options · Chapter 13 Bankruptcy · Chapter 7 Bankruptcy · Minnesota Bankruptcy

Understanding Bad Faith Cases When Filing for Bankruptcy in New Ulm, MN

April 12th, 2018 · No Comments

If you are considering filing for bankruptcy, there are a number of ways you can prepare your financial situation before you file a bankruptcy petition that can help your case and bring about the best results for you. Many of these preparation techniques are acceptable methods for improving the possible outcome of your bankruptcy case—for […]

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Tags: Bankruptcy · Bankruptcy Advice · Bankruptcy Information · Bankruptcy Options · Chapter 7 Bankruptcy · Minnesota Bankruptcy

Repayment Plan Periods and Their Role in Chapter 13 Bankruptcy in Pipestone, MN

March 2nd, 2018 · No Comments

As an individual consumer, you have two options if you choose to file for bankruptcy. You can—if your income fits the requirements of the Means Test—file for Chapter 7 bankruptcy and have many of your debts discharged in the process. However, if you do not pass the Means Test, your second option is to file […]

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Tags: Bankruptcy · Bankruptcy Advice · Bankruptcy Options · Chapter 13 Bankruptcy · Minnesota Bankruptcy

Treatment of Tax Debts in Chapter 7 Bankruptcy in Mankato, MN

October 10th, 2017 · No Comments

Like the vast majority of countries across the globe, the functioning of the U.S. government and the U.S. economy are largely related to the payment of taxes. While it’s important for everyone to chip into the country finances with taxes, it’s possible for debts related to taxes to be accumulated if a business or individual […]

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Tags: Bankruptcy Options · Chapter 7 Bankruptcy