Financial crises can affect even the most fiscally responsible people. Filing Chapter 13 bankruptcy reorganizes your debt in a way that makes it more manageable. Your payment plan is set up so that you pay what your monthly budget says you can afford to pay. This type of bankruptcy requires you to agree to a […]
Navigating the complexities of a personal financial crisis can be a stressful process that can leave you feeling overwhelmed as you try to regain financial stability. There are a few options to consider when creating a financial plan that will help get you out of debt. Although bankruptcy can help relieve the financial burden, the […]
Filing for bankruptcy can relieve some of the burden if you find yourself in a severe financial crisis. While Chapter 7 filings provide faster relief, Chapter 13 filings give debtors a chance to pay their debt through a repayment agreement without liquidating their assets. If you are considering filing for Chapter 13 bankruptcy, you may […]
The best debt relief option for most clients is through Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code. Both solutions offer Twin Cities individuals and families the opportunity to get out from under crushing debt, either through a fresh start in Chapter 7 or through debt restructuring and partial repayment with Chapter 13. […]
Easing debtor worries by protecting necessary assets In Chapter 7 bankruptcy, a debtor can surrender any nonexempt assets for liquidation, so that the assets can be sold to pay off creditors or pay the trustee their value to keep them. In Chapter 13, non-exempt assets can determine the minimum amount of the debtor’s repayment plan. […]