Bankruptcy Lawyer White Bear Lake MN

Bankruptcy Lawyer White Bear Lake MN

Bankruptcy Lawyer White Bear Lake MN

DEBT SETTLEMENT

Some clients appreciate options to filing bankruptcy. We provide alternatives that can remove or minimize your outstanding obligations and give you a path to a fresh start. We contact the creditors with proposals and enter into negotiations that can allow you to settle your debts in a reasonable manner, keeping in mind possible tax or other ramifications. Our goal is to make a reasonable proposal to your creditors that allows you to resolve these obligations and move forward with your life.

Bankruptcy Lawyer White Bear Lake MN

DISCHARGING JUDGMENTS

Even if a client’s debt is fully discharged through bankruptcy, a pre-existing judgment will remain on their record. If you own real estate this may cause a problem when you try to sell your property. We can assist you by giving notice and filing the appropriate documents to have those judgments removed and resolved. If you have experienced any of the above situations, do not hesitate to contact us. Our team is ready to assist you with your legal issues and get you back on track as soon as possible.

Bankruptcy Lawyer White Bear Lake MN

Bankruptcy Lawyer White Bear Lake MN

CHAPTER 7

Chapter 7 is the basic bankruptcy remedy that allows a client to wipe out, or “discharge”, most of their debts. In exchange, the clients will disclose to the court all of their assets. Generally we are able to “exempt” most of your necessary assets. If you have an asset secured by a lien, that lien will likely survive the bankruptcy. Assets that are not exempt or subject to liens are liquidated by a Chapter 7 Trustee, and those funds are distributed to your creditors. Creditors must be given notice of the bankruptcy. We will work with you to ensure that all your debts and assets are disclosed, and any liens are reaffirmed. We will deal with the Trustee on your behalf to make the process of liquidating any assets that are exempt as simple as possible.

Bankruptcy Lawyer White Bear Lake MN

CHAPTER 13

Chapter 13 is the bankruptcy remedy that can assist a client that has gotten in over their head but is still in a position to repay some of their creditors. In a Chapter 13 bankruptcy you usually have some money still available to you each month to pay creditors, after living expenses. Together we will work to create a plan where a monthly payment is made to a Chapter 13 trustee over a period ranging from thirty-six to sixty months. During the plan term you are protected from collection activity and harassment by your creditors. Once the plan payments are made your remaining debts are discharged. If you have more questions about Chapter 13 bankruptcy, call us today. We are here to help you with all your concerns or questions.