{"id":595,"date":"2016-10-02T14:15:34","date_gmt":"2016-10-02T19:15:34","guid":{"rendered":"http:\/\/www.mankatobankruptcy.com\/blog\/?p=595"},"modified":"2016-09-28T14:21:14","modified_gmt":"2016-09-28T19:21:14","slug":"large-cases-of-bankruptcy-and-how-they-relate-to-filing-for-bankruptcy-in-mankato-mn","status":"publish","type":"post","link":"https:\/\/www.mankatobankruptcy.com\/blog\/large-cases-of-bankruptcy-and-how-they-relate-to-filing-for-bankruptcy-in-mankato-mn\/","title":{"rendered":"Large Cases of Bankruptcy and How They Relate to Filing for Bankruptcy in Mankato, MN"},"content":{"rendered":"

There are several common misconceptions about<\/span> filing for bankruptcy<\/span>, one being<\/span> that only large companies or people with extreme wealth<\/span> <\/span>en<\/span>d up in situations that require bankruptcy filing. <\/span>There is <\/span>also the misconception that <\/span>\u201cregular\u201d people only fall into<\/span> <\/span>bankrupt <\/span>circumstances after irresponsible spending and racking up reckless debt. In reality,<\/span> bankruptcy<\/span><\/a> aff<\/span>ects a diverse number of people and businesses <\/span>with varyi<\/span>ng incomes<\/span>. If you are struggling with your debts, Behm Law Group<\/span>,<\/span> Ltd. is here to help you through the steps of filing for<\/span> bankruptcy in Mankato, MN.<\/span> <\/span><\/p>\n

Because<\/span> bankruptcy<\/span> affects people and businesses of all wealth and sizes, it\u2019s important to look at different cases of<\/span> bankruptcy.<\/span> If you are struggling with your own<\/span> bankruptcy,<\/span> other cases may help you bette<\/span>r understand your own situation. I<\/span>f you\u2019re worried you\u2019re falling into a<\/span> bankrupt<\/span> state, you may benefit from learning about other cases t<\/span>hat are happening <\/span>today. <\/span><\/p>\n

Magnetation LLC<\/span><\/strong><\/p>\n

Minnesota-based iron ore processing company, Magnetation LLC<\/span>,<\/span> announced the possible shutdown of one of its three plants across the state. The company has slowly lost financial security, and without the support of another financier or a third party buyer, Magnetation LLC will have to officially enter<\/span> bankruptcy court<\/span> by the end of September.<\/span><\/p>\n

Because the company filed for<\/span> bankruptcy<\/span> in May of 2015, they are currently working with government agencies to establish an agreement that will protect stakeholders and any employees affected by the dissolution of this company branch.<\/span><\/p>\n

Christian Laettner<\/span> <\/span><\/strong><\/p>\n

After an attempt to turn out-of-use tobacco warehouses in Durham, NC into apartments and spaces for various uses, <\/span>this <\/span>former <\/span>Minnesota Timberwolves <\/span>NBA playe<\/span>r<\/span> now owes his creditors (other financiers and project managers) around $14 million in investments and loaned project money.<\/span><\/p>\n

The events leading up to Laettner\u2019s situation involve a lot of money, but<\/span>,<\/span> monetary scale aside, they are similar to many other cases we see with our clients here in<\/span> Mankato, MN.<\/span> <\/span><\/p>\n

Even though<\/span> the<\/span> bankruptcy<\/span> situations with Magneta<\/span>tion and Laettner seem far <\/span>from the circumstances most people find themselves in, there is a lot that c<\/span>an be taken away from the problems<\/span> of others. <\/span>If you have questions or are considering filing for<\/span> <\/span>Bankruptcy in the Mankato, MN, <\/span>area, <\/span>contact Behm Law <\/span>Group, Ltd.<\/span> at (507) 387-7200<\/span>.<\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

There are several common misconceptions about filing for bankruptcy, one being that only large companies or people with extreme wealth end up in situations that require bankruptcy filing. There is also the misconception that \u201cregular\u201d people only fall into bankrupt circumstances after irresponsible spending and racking up reckless debt. In reality, bankruptcy affects a diverse […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[37],"tags":[],"aioseo_notices":[],"yoast_head":"\nBankruptcy | Behm Law Group | Mankato MN |<\/title>\n<meta name=\"description\" content=\"If you have questions or are considering filing for Bankruptcy in the Mankato, MN, area, contact Behm Law Group, Ltd. today at (507) 387-7200.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mankatobankruptcy.com\/blog\/large-cases-of-bankruptcy-and-how-they-relate-to-filing-for-bankruptcy-in-mankato-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bankruptcy | Behm Law Group | Mankato MN |\" \/>\n<meta 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