Chapter 7 Bankruptcy Archives - mhpllclaw
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Homeowners Filing for Chapter 7 Bankruptcy

If you have fallen behind on your mortgage payments and your lender is unwilling to negotiate a solution, you may be facing foreclosure. In a foreclosure proceeding, the lender reclaims possession of a property because the homeowner has stopped making payments on their mortgage. As a result, the homeowner must forfeit the rights to the […]

The Benefits of Filing For Chapter 7 Bankruptcy in Minnesota

Why File Chapter 7? People run into financial problems for many different reasons like job loss, divorce, diminished income, or costly medical bills. Sometimes it can seem like there’s no way out. But declaring bankruptcy might provide the right solution for you to recover from these events. Depending on your situation, different types of bankruptcy […]

What Happens After Filing Chapter 7 Bankruptcy in Minnesota

The beginning point of any bankruptcy case is the filing of what is called the petition for relief. The petition contains all the information necessary to tell the court about your current financial situation and supports the request that a judge sign an order saying the debts that are eligible should be discharged. There are […]

Differences Between Chapter 7 and Chapter 13 Bankruptcy in Minnesota

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. […]

Understanding Minnesota Bankruptcy Exemptions

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. […]

Think Tax Filing Season is Over? Why You May Need to File an Amended Return
September 8, 2020
Four Things Your Tax Preparer Won’t Tell You (and How It Can Get You In Tax Trouble)
September 8, 2020
Considering Bankruptcy to Get Rid Of Your Back Taxes? 3 Alternatives to Explore Before You File
July 22, 2020

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